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VIRTUAL CURRENCY SCHEMES, OCTOBER 2012
www.ecb.europa.eu1 INTROdUCTION 9 1.1 Preliminary remarks and motivation 9 1.2 A short historical review of money 9 1.3 Money in the virtual world 10 ... The firstcase study in this report relates to Bitcoin, a virtual currency scheme based on a peer-to-peer network. It does not have a central authority in charge of money supply, nor a central clearing ...