The Unsung Virtue of Bitcoin
January 06, 2014 11:49 AM
Whatever one thinks of it as a currency, the Bitcoin payment network sets a noble example for its transparency, says Dave Birch of Consult Hyperion. Yes, transparency. While users may transact anonymously or pseudonymously, Bitcoin boasts a public, real-time, detailed ledger of all transfers between account numbers - a stark contrast to the opaque legacy payments system.