
“Dot-com pioneers and fresh-faced 20-somethings alike are founding companies to help transact the virtual currency. Are those chasing Bitcoin headed for a gold rush, or fool’s gold? Nick Holland, a Javelin Strategy analyst in Boston, is among those who believe math-based currencies like Bitcoin, which enable transactions from one user to another without official oversight or high fees, could upset the centuries-old tradition of paper money — much as user-generated Wikipedia all but replaced the venerable Encyclopaedia Britannica.”
http://www.mercurynews.com/business/ci_23726452/bitcoin-gets-big-bets-from-silicon-valley
Related posts:
Bitcoin Poses a Challenge for Law Enforcement
World’s first fleet of marine drones being tested in the Mediterranean
Sheriff defies NY Safe Act; will not release pistol permit holders' names
Power Metals CD launched with exposure to gold, silver, copper
New UK wealth tax plan to target ALL assets - including jewelry and buy-to-let homes
Clear Bitcoin Tax Rules Needed, Taxpayer Advocate Says
Ron Paul on the Lack of a Difference Between Obama And Romney
Beating of diabetic driver raises questions about N.J. State Police training
Leland cop suspended after arresting man for recording another arrest
California Mileage Tax Would Charge Drivers Based on Distance Driven
Texas lawman sentenced to 1 year prison for protecting drug smugglers
Doctors eradicate girl’s cancer by reprogramming HIV
New £150million F-35 combat jet is banned from flying in bad weather because it could explode
Ecuador seeks to extend libel penalties to cover social media
White House faces high bar on Syria after Bush Administration’s Iraq lies