Should we be worried when alternative, unregulated, currencies are created? Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
Concerned? Well I think we should be. Like all these things we should learn about them first. Here is a good place to start: http://en.wikipedia.org/wiki/Bitcoin
Come back here with your thoughts after you’ve read the Wikipedia entry.
Incoming search terms:
- p2p virtual currency