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calendar_month 18.01.2023

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Biden has stated he will seek to prevent the illegal use of Bitcoin but also support its development. According to the European Central Bank , the decentralization of money offered by bitcoin has its theoretical roots in the Austrian school of economics , especially with Friedrich von Hayek 's book The Denationalization of Money , in which he advocates a complete free market in the production, distribution and management of money to end the monopoly of central banks. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger , called a blockchain , without central oversight.