07 Jun '13, 8pm

10 Scary Facts About Bitcoin

Network World — Bitcoin's trajectory over the past few years is nothing short of impressive. A peer-to-peer alternative currency whose creator remains anonymous five years later, Bitcoin sounds like something out of a science fiction novel. However, Bitcoin has paid off for many of its early adopters, and is moving too quickly to be ignored. [BITCOIN: 7 reasons to be wary ] While many in the Bitcoin community discredit much of the subjective criticism against the currency , no interested party should dive into a Bitcoin engagement without knowing the facts. 10. Digital Bitcoin wallets are stored unencrypted by default. Many in the current Bitcoin community are well-versed in technology, and would opt in to encrypt their wallets as soon as they register. However, Bitcoin in the past six months has turned the corner into the mainstream, and will only continue to attract more...

Full article: http://www.cio.com/article/734634/10_Scary_Facts_About_Bi...

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