09 May '13, 4pm

A protocol for online money: CoinLab's Peter Vessenes on Bitcoin's future

A protocol for online money: CoinLab's Peter Vessenes on Bitcoin's future

When is a cashless society coming? Do we have it on the horizon? It's so funny, that's such a European dream. This is the kind of thing I'll be talking about when I come out [to Wired Money]. Money has changed so much in the last few years, you've got cards pegged to the pound, and you've also got money-ish things in your wallet, probably like loyalty points, like a free sandwich or credits at different sites. If you play games you've got money with Steam. Software has been nibbling into money for some time now. I think of Bitcoin as protocol layer for money on the internet. I think of it like HTTP for the web, or SMTP for email. Bitcoin is protocol for money. And that is going to happen. Is it Bitcoin? I kind of think it will be. Protocols tend to stick around even if they suck and Bitcoins got mostly good, some bad. People will often build on what's there rather than try...

Full article: http://www.wired.co.uk/news/archive/2013-05/9/peter-vessenes

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