2min chapter

Acquired cover image

Bitcoin

Acquired

CHAPTER

Is There a Way to Pay for Things?

The system for transmitting money is relatively insecure and requires central authorities to verify everything. "We basically have this big tax on the system that you could have fraud," he says. The paper proposes a way to pay for things without those taxes. It would be completely outside of the current system, because it doesn't acquire those taxes.

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