Jun 8, 2020The inherent limits of the Bitcoin economy: a brief guide to the steps that still need to be taken to build a decentralized economy.1. The inherent limits of the Bitcoin economy We should all agree by now that Satoshi’s essential goal was to build an electronic payment system allowing parties to make payments without having to rely on a trusted party such as a financial institution. Financial institutions operate in a “fiat system”…Bitcoin10 min readBitcoin10 min read
Mar 10, 2016The real threat behind the extension of AML provisions to Virtual Currencies (VCs) operators.The legislator should be aware that any VC transaction is registered eternally on the blockchain and that the blockchain is public by default (i.e. it may be easily read and inspected by anyone at any time without any restriction whatsoever). This implies that anyone may easily ascertain whether a transaction…Bitcoin2 min readBitcoin2 min read
