17 May '13, 7pm

The future of Bitcoin: 3 predictions from experts

Bitcoin is a cyber-currency of growing interest to speculators, the media and — most recently — the U.S. government. Many stories about Bitcoin, which is mined by computers and circulates without a central bank, contain sinister or science-fiction elements that make it hard to tell if the currency is for real or just an overblown gimmick. On Thursday evening, GigaOM hosted a meetup in San Jose where six Bitcoin authorities, including investors and engineers, shared their views on how the currency is evolving and who is using it. Here are three of the larger ideas to emerge from the discussion (if you want to catch up on the basics of Bitcoin, see “Yes, you should care about Bitcoin and here’s why “): Bitcoin can help ordinary people Wences Casares, a venture capitalist and CEO of Lemon Wallet , grew up in Argentina, where he experienced first hand what happens when a gover...

Full article: http://gigaom.com/2013/05/17/the-future-of-bitcoin-3-pred...

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