While the transactions are public the transactions are psudeononymous. Many people who care about privacy like a cordless Bitcoins for this purpose.
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During the Argentine economic crisis, alternate currencies evolved and some government employees were paid with IOUs. Recent events in the U.S. experienced states paying with IOUs, and cause you to Illinois, some bills simply remain unpaid. Alternate currencies have evolved. Bitcoin one of the most well-known, alternate digital currency that was created out of frustration at a time current fiat money system of that your USD will be the king.
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