09 Jul '13, 8am

A Q&A with Serial Bitcoin Entrepreneur Andreas Antonopoulos - PaymentsSource Article

A Q&A with Serial Bitcoin Entrepreneur Andreas Antonopoulos - PaymentsSource Article

It seems like Bitcoin could do a lot of good shaking up the financial services industry, but many people still worry about the digital currency's nefarious reputation. Because it's been used for the sale of illicit drugs through black markets like Silk Road, some people still refuse to take it seriously. How will the ecosystem get past this reputation? Antonopoulos: The nefarious reputation is the direct result of sensationalism in the media. Like any powerful tool, criminals will use Bitcoin, just as they use cars to "getaway" and phones to conspire. The vast majority of the Bitcoin ecosystem is built around offering services that are useful for legitimate business and trade. Negative stereotypes are the result of lack of knowledge or deliberate misinformation, but have little basis in reality. At the end of the day, the vast majority of crime is conducted using U.S. doll...

Full article: http://www.paymentssource.com/news/a-q-and-a-with-serial-...

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