When Bitcoin Grows Up
John Lanchester: What is Money?, 21 April 2016
“... glossy add-on to the nature of money, it actually is how money works. A decentralised, anonymous, self-verifying and completely reliable register of this sort is the biggest potential change to the money system since the Medici. It’s banking without banks, and money without money. The next several paragraphs give a short technical explanation of how bitcoin ... ”