These IOUs can more specifically be described as bearer promissory notes, and even more specifically, when issued by banks, bank notes .
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Unenumeratedime, showing some of the many examples non-governmental money, in order to fill in some of the gaps. Privately issued IOUs and privately minted coins are covered here in part (i) of the series. <span>These IOUs can more specifically be described as bearer promissory notes, and even more specifically, when issued by banks, bank notes. The Bitcoin public blockchain implements a global settlement layer ("layer 1" in bitcoin parlance). The closest historical analog to the Bitcoin settlement layer is not to the bank note Summary
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