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What Happened To Music Between 1994 and 2000?The purpose of this dissertation is to study the Bitcoin System in order to investigate its use as an instrument for the practice of money laundering. Bitcoin is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a. Bitcoin / BTC (shorthand) - A form of digital currency created in , that is created and distributed on a peer-to-peer basis. It has no central bank -.