Bitcoin is the first cryptocurrency. It has an open source that no one owns or controls. Its transactions and emissions are regulated by an extensive peer-to-peer network. The cryptocurrency uses a single database distributed on the network, included in a decentralized peer-to-peer network that uses an electronic digital signature and is supported by a proof-of-work protocol to ensure the security and legitimacy of the funds put into circulation.

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Andrew M. Bailey

RT @resistancemoney: A recent Policy Statement on Section 9(13) of the Federal Reserve Act argues that banks cannot issue stablecoins. If f…

A recent Policy Statement on Section 9(13) of the Federal Reserve Act argues that banks cannot issue stablecoins. If followed consistently, the reasoning would also apply to physical cash. https://t.co/JoqHMoBw9h