The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order
http://www.huffingtonpost.com/thought-matters/the-age-of-cryptocurrency_b_9543278.html
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For any currency to be viable, be it a decentralized cryptocurrency issued by a computer program or a traditional “fiat” currency issued by a government, it must win the trust of the community using it. For cryptocurrency advocates, as we’ll learn in the chapters ahead, the whole point is to offer an alternative model for that trust. They tout a system of payments in which the payee no longer has to trust “third-party” institutions such as banks or governments to assure that the payer can deliver the agreed-upon funds. Instead, cryptocurrency systems imbue trust in an inviolable, decentralized computer program that is, in theory, incapable of defrauding people. None of this, however, gets cryptocurrencies off the hook. They, too, must win people’s trust if they are to become relevant.
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