19 May '13, 5am

Bitcoin boosters rally to assure Congress of currency's worth - PCWorld

Bitcoin boosters rally to assure Congress of currency's worth - PCWorld

Washington's biggest problem when it comes to Bitcoin may just be that policymakers on the Hill don't know enough about it, yet. That was the general consensus of a panel of legal experts speaking Saturday at a Silicon Valley conference devoted to the nascent digital currency. Jerry Brito, Mercatus Center "Congress is the wild card here," said Jerry Brito, director of technology policy at the Mercatus Center at George Mason University, who liaisons with Washington on technology issues. But, "I'm very optimistic about the regulatory climate for Bitcoin ... because regulators and folks on the Hill simply don't understand it." Use of Bitcoin, a digital currency managed and traded over a peer-to-peer computer network, is growing. It is designed to be a decentralized form of payment not regulated by any financial institution or government body, but still some users worry whethe...

Full article: http://www.pcworld.com/article/2039161/bitcoiners-rally-t...

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