The Whys and Hows of Banks, Bitcoin and The Blockchain

The Whys and Hows of Banks, Bitcoin and The Blockchain

Soon after the mysterious Satoshi Nakamoto released Bitcoin: A Peer-to-Peer Electronic Cash System, the term bitcoin became a buzzword making the headlines.

While some bitcoin evangelists argue that it could substitute for financial institutions and allow people to manage their own money with no intermediary, others are not so fascinated and point to the weak points of bitcoin: volatility; price fluctuations; and links with dubious trade activities from anonymous accounts.

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