a PSC In The News reference
"Ron Paul: Bitcoin could 'destroy the dollar'" - CNN Money. 12/04/2013.
Bitcoin, an open source digital payment network, uses cryptography to secure peer-to-peer monetary transactions. Because the Bitcoin system bypasses banks and governmental regulations, it has been viewed with suspicion by many large institutions. Miles Kimball says that, instead of being combative, "governments should be creating their own version of Bitcoin. They should be ashamed they haven't."