The Bitcoin Channel

Crypto-Currencies Will Destroy The Bankster Monopoly On Money

Donate Bitcoin

Disclaimer

ALL CONTENT ON 'THE BITCOIN CHANNEL' AS WELL AS THE 'BITCOINCHANNEL' YOUTUBE CHANNEL IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'THE BITCOIN CHANNEL' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO CRYPTOCURRENCIES, STOCKS, COMMODITIES, OPTIONS, BONDS, FUTURES, OR BULLION. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY.

Donate Via Paypal

Donate BTC

1HnZuhqhRQydeidYwqgZaXYB1Vs2R2cBb5

Donate LTC

LdSTzyS9hD8XKX7waBN5nYyTx6s4aEQV1g

Donate NMC

Myq3GXPz6p9wiA1oT9eZyoT2uo1nLu6rx5

Donate PPC

PL44tyztocGuG8zdYUEvFWBgWBFWQzNoTi

Donate TRC

115NbxVP9SdPnZHG67VMpf8W7MjYjVUvd9

Donate DVC

1Syr3Eib3Zsczrn4ZETmUGcVmcTH82nbh

Donate NVC

4T399NvaGLG1eNLLe2EoULCeBGLYbVF8UJ

Donate IXC

xaNDewBEvsnxcyX288nYeiPUSERVNaUXwC

Donate FRC

1K7avKfQt6mEMbBH7wpt49jqLUbJCoTCQc

Donate DGC

DD87KLEcd437eB9Yx9MrcACt8GTugNYcoq

Bitcoin – A Primer For Policy Makers

mercatus.orgBy Jerry Brito And Andrea Castillo / Mercatus Center, George Mason University / Aug 19, 2013

As the world’s first decentralized digital currency, Bitcoin has the potential to revolutionize online payments systems in a way that benefits individuals and businesses. Instead of using an intermediary such as PayPal or submitting credit card information to a third party for verification—both of which often include transaction fees and other restrictions—Bitcoin allows individuals to pay each other directly for goods or services.

However, the characteristics that make Bitcoin so innovative have also made it a target for regulators, who fear the cryptocurrency will aid tax evasion, money laundering, and other crime. While it is true that it can be used for nefarious purposes, the same can be said of cash. And unlike cash, Bitcoin transactions are recorded in an online ledger.

A new Mercatus Center at George Mason University study addresses many of the common misconceptions about Bitcoin and describes how the digital currency works. The study also analyzes current laws and regulations that may already cover digital currencies and warns against preemptively placing regulatory restrictions on Bitcoin that could stifle this new technology before it has a chance to grow. In addition, the paper gives policymakers several recommendations on how to treat Bitcoin going forward in a way that helps the free market and provides clarity for law enforcement.

Download the PDF