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3 CASE STUdIES 21 3.1 The Bitcoin scheme 21 3.1.1 Basic features 21 3.1.2 Technical description of a Bitcoin transaction 23 3.1.3 Monetary aspects 24 3.1.4 Security incidents and negative press 25 3.2 The Second Life scheme 28 3.2.1 Basic features 28 3.2.2 Second Life economy 28 3.2.3 Monetary aspects 29 3.2.4 Issues with Second Life 30 4 THE RELEVANCE Of VIRTUAL CURRENCY SCHEMES fOR.
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