Bitcoin gets big bets from Silicon Valley

“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

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