Scottish ‘Brexit Research Paper’ Looks to Bitcoin
Dr. Craig Dalzell’s paper, “Scottish currency options post-Brexit,” describes some monetary choices for the country if it chooses to be independent from the EU. Some of them being the £Scot pegged to various other currencies, such as the sterling pound or the gold standard.
Dalzell then discusses what he calls a “new entry into the financial field and one which has yet to be fully tested at a national scale, cryptocurrencies like Bitcoin.”
The paper explains that cryptocurrency could represent the concept of money in a new digital age. He says the method of creating a digital currency like Bitcoin removes third-party intervention, and may have the power to remove “unaccountable corporations.”
However, Dalzell says the unknown verification system of cryptocurrency — unlike legacy financial institutions — may undermine the value of money if used in Scotland.
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Topic: [2016-07-29] news.bitcoin.com-Scottish ‘Brexit Research Paper’ Looks to Bitcoin (Read 310 times)
July 29, 2016, 08:10:20 PM
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