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Bitcoin

Submission + - Bitcoin - Pirate's Gold or New Global Currency? (owni.eu)

An anonymous reader writes: Bitcoin has attracted the public and US Government's attention through its association with sites like the Silk Road and groups like Wikileaks prompting 2 US senators to call for it to be made illegal. It has also suffered from 3 public hacks with about $1 — 2 million at risk. However, in comparison to some currencies — like the Zimbabwe dollar that became worthless in 2009 and the losses suffered by millions of people, companies and countries through the GFC, Bitcoin doesn't look that bad. There is a clear need for a non-mediated currency, but is Bitcoin the answer?
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Bitcoin - Pirate's Gold or New Global Currency?

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