Why On Earth Do People Use Bitcoin?
Date
2014
Authors
Christopher, Catherine Martin
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Bitcoin is making near-daily headlines, whether about its volatile exchange rate, the regulatory issues is raises, or its criminal associations. As the public becomes familiar with the idea of virtual currencies, many people struggle to understand why users exchange government-backed (“real”) currencies for Bitcoin. This paper explores the appeal and danger of investing in Bitcoin for speculative gain, for moral purposes, for its spending power, and for its criminal applications.
Description
Keywords
Bitcoin, virtual currency, money laundering, algorithm, investment, speculation
Citation
Catherine Martin, Christopher, Why On Earth Do People Use Bitcoin?, 2 Bus. & Bankr. L.J. 1 (2014-15).