23 Apr '13, 1pm

Gold 2.0: can code and competition build a better Bitcoin?

Gold 2.0: can code and competition build a better Bitcoin?

Bitcoin has had a wild ride these past few months. The stateless digital currency’s price has soared to new heights only to plunge back down to earth at less than half its previous value. As the price of gold takes a nose dive of its own, some serious economists have risen to Bitcoin’s defense as true believers urge traders to hang on . Others argue the electronic money scheme is either a dangerous fad, a form of Dadaist art , or more simply, not money at all . But even as the debate rages on, one thing that's fostering hope for Bitcoin as a stable store of value is the fact that, unlike a gold bar or a dollar bill, new code and alternative currencies being built alongside Bitcoin might help change it for the better.

Full article: http://www.theverge.com/2013/4/23/4252808/can-zerocoin-an...

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