15 May '13, 1am

What to watch as the bitcoin drama develops

What to watch as the bitcoin drama develops

If the promises of bitcoin could ever be unlocked – perhaps one of the biggest ifs in the tech world today – it’s about as big of a venture-style opportunity as you could imagine. Right now the value of the system is a headline-grabbing $1 billion. But if its potential to be a global, borderless way of buying and selling goods via the Internet were ever achieved, it’s value would one day be in the trillions. It’s a massive potential for value creation that suddenly has people in a lather. Investors like Fred Wilson’s Union Square Ventures have already placed some significant bets – with many more investors quietly mining for opportunities. But despite the massive potential upside, bitcoin is fraught with so much complexity and risk that the potential seems almost impossible to unlock.

Full article: http://pandodaily.com/2013/05/14/what-to-watch-as-the-bit...

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