Blockchains—focusing on bitcoin misses the real revolution in digital trust

Monday, July 18, 2016 - 08:01 in Mathematics & Economics

In 2008, short of sending a suitcase full of cash, there was essentially just one way for an individual to send money between, say, the United States and Europe. You had to wire the money through a mainstream financial service, like Western Union or a bank. That meant paying high fees and waiting up to several days for the money to arrive.

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