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The system that governs how money works, with its brokers and middlemen, has stayed roughly the same for centuries. Now therea€™s an alternative, and it puts us on the cusp of a revolution that could reshape our world. At the heart of this lie cryptocurrencies, a technology with the transformative potential of the printing press or the internet. They bypass the elites and cut out the gatekeepers. Unlike traditional money theya€™re peer-to-peer, they dona€™t have a nationality, theya€™re digital and democratic. They are also lawless. For the Afghani woman denied a bank account by a repressive society, or any of the worlda€™s 2.5 billion unbanked individuals, cryptocurrencies open new possibilities. What would a world without banks or credit cards or even national currencies look like for all of us? From Silicon Valley to the streets of Beijing, this is a book about a revolution in the making, a story of human invention, and a guide to the future.How Bitcoin and Digital Money are Challenging the Global Economic Order Paul Vigna, Michael J. Casey. centera#39;s ... Iyengar explainedthat demand for itsstandalone equipment would fall whenthe priceof bitcoin fell, so itneeded a hedging strategy. ... But Salt LakeCity has itsown advantages: an international airport andanestablished infrastructure and technical community, which makes it both relativelyanbsp;...

Author: Paul Vigna, Michael J. Casey
Publisher:Random House - 2015-01-29

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