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ArtikelBits and Bob; Digital Currencies  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8738 (Jun. 2011), page 79.
Topik: Central Banks; Virtual Reality; Currency
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.66
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Isi artikelBitcoin, the world's "first decentralised digital currency", was devised in 2009 by a programmer called Satoshi Nakomoto (thought not to be his, or her, real name). Unlike other virtual monies, such as Second Life's Linden dollars, it can be used to purchase real-world goods and services. And rather than relying on a central monetary authority to monitor transactions and manage the money supply, Bitcoin is run by a peer-to-peer network. This absence of a central monetary authority to control the money supply is what many find exciting about Bitcoins. The currency can be used by anyone (unlike credit cards), anywhere. Transaction costs are also likely to be lower than those for traditional payment systems, though they are not zero. A virtual Bitcoin bank might spring up but that would create problems of its own. How would a saver be assured that he would get his money back when he wants? If a bank got into trouble, who would be the lender of last resort? The usual answer is a central bank: exactly what Bitcoin is trying to avoid. Bitcoin is technically sophisticated. As a monetary system, it looks primitive.
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