Bitcoin – the future of money?

Bitcoin – the future of money? | VCCircle

vccircle.com 11 Mar '13, 11am

Bitcoin – the future of money?

Bitcoin is a massively disruptive innovation. The key is in the first sentence of the definition above – Bitcoin bypasses central authorities and issuers – meaning it replaces governments as the issuers of money. If it becomes widely used it will undermine the power of many of the economic policy instruments governments use today, including setting interest rates and quantitative easing. By now you are probably wondering how it works. The short answer is that the inventors of Bitcoin developed an algorithm which determines how many Bitcoins are in circulation and put in safeguards to prevent third parties abusing the system by creating fake Bitcoins – there is more detail on

Full article: http://www.vccircle.com/blog/2013/03/11/bitcoin-%E2%80%93...

Tweets

@riskmore » 25 Mar '13, 3pm
[link] hmmmmmmmm...
@BoostVC » 18 Mar '13, 4am
RT @robustus: VC interest in #bitcoin continues to heat up. @boostVC last week, now attention from @vccircle - [link] #futureofmoney
@robustus » 16 Mar '13, 3am
VC interest in #bitcoin continues to heat up. @boostVC last week, now attention from @vccircle - [link] #futureofmoney
» 15 Mar '13, 7pm
RT @BoostVC: Bitcoin – the future of money? | VCCircle [link] #vccircle
@shinde_rasika » 12 Mar '13, 8am
vbmvbmvmnb Bitcoin – the future of money? [link]
@alex_kravets » 11 Mar '13, 9pm
RT @ROIdude: The whole Bitcoin concept, untethered Internet digital currency, is just fascinating to me [link]
» 11 Mar '13, 7pm
The whole Bitcoin concept, untethered Internet digital currency, is just fascinating to me [link]
@CryptoCurrent » 11 Mar '13, 3pm
Bitcoin – the future of money? [link] #cryptocurrent
@VinnyFonseca » 11 Mar '13, 3pm
RT @AllBTC: Bitcoin - the Future of Money? [link]
@BitcoinOz » 11 Mar '13, 3pm
Bitcoin – the future of money?: I've been watching the progress of Bitcoin with increasing interest f... [link] #bitcoin
@HostelVegan » 11 Mar '13, 3pm
Bitcoin – the future of money?: I've been watching the progress of Bitcoin with increasing interest for a year... [link]
@AltCoinTrader » 11 Mar '13, 1pm
Bitcoin – the future of money? - VC Circle (blog): Bitcoin – the future of money?VC Circle (blog)I've... [link] #bitcoin
@MADinMelbourne » 11 Mar '13, 12pm
RT @BitCoinReporter: Bitcoin the future of money? - VC Circle (blog) [link] #bitcoin
@BitConcierge » 11 Mar '13, 11am
Bitcoin – the future of money? - VC Circle (blog) [link]
@fluidartphoto » 11 Mar '13, 11am
"@vccircle: Bitcoin – the future of money? [link]" Is it??
@vccircle » 11 Mar '13, 11am
Bitcoin – the future of money? [link]
@yashks » 11 Mar '13, 2pm
Bitcoin – the future of money? | VCCircle [link] #vccircle
@BitCoinReporter » 11 Mar '13, 12pm
Bitcoin the future of money? - VC Circle (blog) [link] #bitcoin