By Rainey Reitman
A few weeks ago, we mentioned a rather unusual technological endeavor to create an online currency. We received a few queries about this subject, so decided to provide a more thorough description of what digital currency is, how this system works, why it’s appealing and how it might fall short of user expectations.
To understand digital currency, one must first note that money in the digital age has moved from a largely anonymous system to one increasingly laden with tracking, control and regulatory overhead. Our cold hard cash is now shepherded through a series of regulated financial institutions like banks, credit unions and lenders.
