CPA Journal, June 2019
I have been following the virtual currency (VC) debate and marketplace for some years now, and would like to share my observations as a person focused on economic realities, as well as my background in fraud investigations and computer science.
Firstly, traditional money is backed up by a faith and credit in a government of some kind. Such a government could, for example, raise taxes to pay back debt. VC is backed up by the belief of participants in a marketplace that will retain its value…
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