29 Mar '13, 7pm

Does the Internet Depend on the Survival of Bitcoin? via @HuffPostBiz

But for all the advantages and popularity of Bitcoin there still remains one question. Is Bitcoin vulnerable to a take-down of the Internet most likely by a government that is not keen to give up its ability to control money? My answer to this takes us back to that $1 billion valuation I mentioned at the top. There are a few key milestones that Bitcoin will achieve that will make this question fade away. As Bitcoin grows in price, the number of millionaires holding bitcoins also grows. There are quite a few anonymous Bitcoin millionaires already and that number is set to expand sharply. I expect that we'll see a Bitcoin billionaire emerge before too long. (Certainly anybody who is building ancillary Bitcoin servicing companies that play off the ubiquity of Bitcoin stand to make a billion or so when these companies go public).

Full article: http://www.huffingtonpost.com/max-keiser/how-long-before-...

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Flickr / zcopley Ken Tindell Ken Tindell is the CEO of JK Energy, a software consultancy startup. He has a doctorate in re...