19 Mar '13, 1pm

Venture capitalists and angel investors take a chance on the #Bitcoin "revolution":

Venture capitalists and angel investors take a chance on the #Bitcoin "revolution":

Bitcoin , the most popular form of self-contained digital currency , has inspired an almost evangelical zeal in its proponents and users. Created in 2009, it's long been favored in the online underground for its disconnection from governments and capitalist financial systems, but it has recently established a surprising purchase on the minds of the more than just its true believers. Venture capitalists and angel investors are also starting to discover Bitcoin—and throw serious money at Bitcoin-based startups—and their interest may indicate a shift toward mainstream acceptance for the currency. It first saw acceptance as an end in itself, with people buying it mostly to sell it. It then began to be accepted as payment for Bitcoin-themed swag, then for online services—everything from Wordpress blog software and domain names to webcam stripteases . Finally, online stores were...

Full article: http://www.dailydot.com/business/venture-capitalists-inve...

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