Abstract

http://ssrn.com/abstract=1817857
 
 

Citations (1)



 


 



Bitcoin: An Innovative Alternative Digital Currency


Reuben Grinberg


Yale Law School

December 9, 2011

Hastings Science & Technology Law Journal, Vol. 4, p.160

Abstract:     
Bitcoin is a digital, decentralized, partially anonymous currency, not backed by any government or other legal entity, and not redeemable for gold or other commodity. It relies on peer-to-peer networking and cryptography to maintain its integrity. Compared to most currencies or online payment services, such as PayPal, bitcoins are highly liquid, have low transaction costs, and can be used to make micropayments. This new currency could also hold the key to allowing organizations such as Wikileaks, hated by governments, to receive donations and conduct business anonymously.

Although the Bitcoin economy is flourishing, Bitcoin users are anxious about Bitcoin’s legal status. This paper examines a few relevant legal issues, such as the recent conviction of the Liberty Dollar creator, the Stamp Payments Act, and the federal securities acts.

Number of Pages in PDF File: 50

Keywords: Bitcoin

Accepted Paper Series


Download This Paper

Date posted: April 23, 2011 ; Last revised: August 18, 2014

Suggested Citation

Grinberg, Reuben, Bitcoin: An Innovative Alternative Digital Currency (December 9, 2011). Hastings Science & Technology Law Journal, Vol. 4, p.160. Available at SSRN: http://ssrn.com/abstract=1817857

Contact Information

Reuben Grinberg (Contact Author)
Yale Law School ( email )
P.O. Box 208215
New Haven, CT 06520-8215
United States
Feedback to SSRN


Paper statistics
Abstract Views: 38,538
Downloads: 9,435
Download Rank: 209
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.297 seconds