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May 24, 2012· IEEE Spectrum
article

The cryptoanarchists' answer to cash

Authors:Morgen E. Peck *

Abstract

There's nothing like a dollar bill for paying a stripper. Anonymous, yet highly personal-wherever you use it, that dollar will fit the occasion. Purveyors of Internet smut, after years of hiding charges on credit cards, or just giving it away for free, recently found their own version of the dollar-a new digital currency called Bitcoin.

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