Bitcoin Reborn: As a Financial Wire Service for the $10 Trillion System D? →
A P2P (person to person) transaction system can be used to for many different things, least of all as a currency for retail transactions. One of the more interesting of these uses is it growing use as a wire transfer system like Western Union for the $10 Trillion and rapidly growing System D, the world’s shadow/black economy. Why is a P2P transaction system perfect for this? It isn’t reliant on trusted third parties to run/operate the network (which is good, since in today’s environment, they are impossible to find in government or finance).
