Bitcoin concept is gaining currency

“Bitcoin’s growing popularity and a recent surge in value has caught the eye of entrepreneurs and venture capitalists, including some who are convinced that Bitcoin could be the biggest thing on the Internet since, well, the Internet itself changed our lives two decades ago. This weekend, about 1,000 representatives of the growing Bitcoin economy will gather to discuss how far the currency has come, and what needs to happen next to fulfill what they see as its revolutionary promise. So far, Bitcoin has been used to buy games and virtual products from Internet merchants. Online exchanges have also sprouted up to trade the currency.”

http://www.latimes.com/business/la-fi-bitcoin-conference-20130517,0,1935134.story

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