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In Washington, ‘Anarchist’ Bitcoin Puts on a Tie

In late August, roughly 100 government regulators filed into a closed-door, blinds-drawn meeting on the first floor of a commercial office building in DC. Behind a faux-wood folding table sat three lawyers and an entrepreneur. The quartet help run something of an oxymoron: a non-profit corporation that organizes a top-down, businesslike pitch for a decentralized currency that nobody runs.

For 45 minutes, the regulators listened to the Bitcoin Foundation’s presentation, which provided technical explanations on everything from how Bitcoins are mined to the decentralized system that stores the currency’s ledger books.

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