Browsing: Bitcoin

In June this year, James McCarthy, a British expatriate living in China, was turned away at Seattle airport for not having sufficient funds to enter the US. This seemed odd considering he had arrived in the country to start a currency business. According to The Economist

All currencies are based on trust. In the days of the gold standard, that meant trusting that paper money was backed by bullion in a reserve. Centralisation was necessary in order to prevent counterfeiting and ensure money wasn’t simply printed on a whim. Of course, experience