Bitcoin: The Trade of Digital Signatures

Bitcoin is an online, digital ledger that securely records the transfer of digital signatures, or “Coins”, from one person to another.  Since the creation of the Bitcoin system in 2009, Coins have been traded online for money, and are increasingly becoming accepted as a means of payment for economic activity.  This new technology has created many legal issues that have not been fully addressed by our courts, regulatory bodies, or state legislatures.

Photo credit: bitcoinist.net