02 Sep '13, 1pm

Bitcoin's dilemma: go mainstream, or stay radical?

Bitcoin's dilemma: go mainstream, or stay radical?

Bitcoin enthusiasts and libertarians the world over are in a state of confusion about the slowness with which the outside world is catching on to their new way of exchanging money. But regulators and lawmakers are now, very gradually, realising they need to do something about this growing beast, even if they don’t quite know what that something is. Bitcoin is at an awkward teenager stage. The adopters are unsure which direction the currency should take. Those with a rebellious streak shun the physical coin and want to develop new protocols that make Bitcoin more anonymous and more distinguished from mainstream finance. The well-raised opportunists, on the other hand, are starting businesses and seek recognition from the bigger, older financial system. The hope of these ambitious entrepreneurs is that regulators will step in and ensure that they can secure funding and legal...

Full article: http://theconversation.com/bitcoins-dilemma-go-mainstream...

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