Public Policy professor John Villasenor was recently interviewed by Patt Morrison for her Los Angeles Times column on the topic of cryptocurrencies. In the Q&A, Villasenor answers questions about the efficiencies of cryptocurrencies like bitcoin, how bitcoin works, and possible implications on future regulation.

When asked what may be the most difficult for people to grasp about bitcoin, Villasenor said:

“The hardest thing — not unreasonably — is that bitcoin is completely decentralized currency. There’s nobody in charge, no company, no government, no consortium — collectively everybody acts to run it. Most of us grew up in a world where government has oversight over currency like the dollar.” 

To read more from his Q&A, go here.