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[ninety five] The Economist describes bitcoin as "a techno-anarchist undertaking to build an online Variation of money, a means for folks to transact with no the opportunity of interference from malicious governments or banking companies".[ninety six] These philosophical Thoughts originally captivated libertarians and anarchists.[97] Economist Paul Krugman argues that cryptocurrencies like bitcoin are only used by financial institution skeptics and criminals.[ninety eight]
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The device of account in the bitcoin program will be the bitcoin. it truly is mostly represented With all the symbol ₿[1] as well as the currency code BTC. However, the BTC code won't conform to ISO 4217 as BT is definitely the nation code of Bhutan,[55] and ISO 4217 calls for the primary letter used in worldwide commodities to become 'X'.
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