Fred Wilson, of Union Square Ventures, said the advent of bitcoin reminded him of a similar meteoric rise in peer-to-peer, distributed-system technology with global implications: the commercial internet. “Virtual currencies
Fred Wilson, of Union Square Ventures, said the advent of bitcoin reminded him of a similar meteoric rise in peer-to-peer, distributed-system technology with global implications: the commercial internet. “Virtual currencies
Bitcoin is an independent currency, not regulated by a government, and therefore “carries a high risk in devaluation”. Due to the anonymous nature of virtual currencies, the bank warns Russians, either knowingly or not, “may
It is true that a small percentage of Bitcoin transactions are illegal, but the majority of illegal goods are bought with US dollars, the primary currency used in the international trade in illicit goods, economist Mark Thornton told
When Leo Dominguez decided to sink his life savings — and a loan from his mother — into his bitcoin venture two years ago, his friends teased he was entering a Ponzi scheme. His father told him he was wasting his time and would lose all his money.