12 Jul '13, 8pm

Is This the Future of Bitcoin? | The Exchange - Yahoo! Finance via @YahooFinance

When it comes to Bitcoin, the fast-growing “digital currency,” there are good ideas, bad ideas and pie-in-the-sky ideas galore. All of these were on display Thursday night when more than 300 Bitcoin investors and entrepreneurs gathered at Microsoft’s (MSFT ) sleek, marble-lined offices in New York City to show off their Bitcoin-based business ideas, munch on free pizza, and ruminate on the future of virtual currency in the company of other enthusiasts. T-shirts featuring the Bitcoin symbol were optional but in high demand “Bitcoin is fascinating,” said John Frankel with ff Venture Capital, who was on hand to judge the assembled startup pitches. “It’s like investing in gold but without the gold.” The gold-rush analogy is spot on, as Bitcoin — an open source, stateless, digital currency that is designed to ease global exchange — has inspired a range of potential businesses, ...

Full article: http://finance.yahoo.com/blogs/the-exchange/future-bitcoi...

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