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Bitcoin

Jerry Brito

Hardback
£50.00 | $70.00
ISBN 9781788210324
Paperback
£15.00 | $23.00
ISBN 9781788210331
e-book
£15.00 | $23.00
ISBN 9781788210348
192 pages | 234 x 156mm | November 2018
Series: Finance Matters
 

Description

Bitcoin is digital cash. It enables peer-to-peer financial transactions without the need for traditional intermediaries such as banks or credit card companies or their attendant transaction costs. Using cryptography and the power of the internet to create a global public ledger of transactions, Bitcoin has revolutionised the secure and immutable transfer of scarce digital tokens.

Although the term may be familiar how exactly does it work? Moreover, what does it mean for the future of financial transactions and for the sector as a whole? How do governments regulate it and who controls it? What does it mean for the future of money?

Like all disruptive technologies, Bitcoin has its champions and its detractors. For those in favour, it has the potential to free individuals from government control and the vicissitudes of an avaricious banking sector; for the detractors, Bitcoin is the tool for those with nefarious ends, seeking to conceal their ill-gotten gains in an anonymous medium.

Jerry Brito demystifies Bitcoin, its genesis and development, its economic potential as well as its shortcomings and shows that with the acceleration of innovation in mobile technologies, internet banking and an increasingly cashless society, the opportunities for Bitcoin as a legitimate currency are huge and the technology that it introduced can be used for applications well beyond money.


Author Information

Jerry Brito is Executive Director of Coin Center, Washington DC, a non-profit research and advocacy centre focused on the public policy issues facing cryptocurrency technologies such as Bitcoin. He was previously director of the Technology Policy Program at the Mercatus Center, George Mason University and served as adjunct professor of law at George Mason University.

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