Economics beyond financial intermediation

Bitcoin is the first technology for the final transfer of digital goods online, facilitating instant global payments without intermediation. Bitcoin's operation is based on a distributed, decentralized, and transparent asset ledger that acts as an ongoing chain record of all transactions. The s...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Ammous, Saifedean (author)
التنسيق: article
منشور في: 2015
الوصول للمادة أونلاين:http://hdl.handle.net/10725/3915
http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php
http://search.proquest.com/docview/1707803968?pq-origsite=gscholar
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الوصف
الملخص:Bitcoin is the first technology for the final transfer of digital goods online, facilitating instant global payments without intermediation. Bitcoin's operation is based on a distributed, decentralized, and transparent asset ledger that acts as an ongoing chain record of all transactions. The system issues coins to reward those who contribute processing power to the network's operation. The possibilities created by this innovation are significant for the world's poor, who could skip traditional political and financial institutions and move to digital currencies in the same way they have gone straight to using mobile phones and skipped landline telephones.