03 Sep '13, 10am

#CryptoCurrency: "Bitcoin's dilemma: go mainstream, or stay radical?" @physorg_com

#CryptoCurrency: "Bitcoin's dilemma: go mainstream, or stay radical?" @physorg_com

The noises coming from the hackerspaces are difficult to tune into. Hardware innovation has been one of the loudest sounds along with the creation of new alternative currencies and protocols layered on top of Bitcoin. The developers work in small teams; designing new services and extensions to Bitcoin and ultimately determining the future of the currency. In the past decade the financial establishment has offered lucrative contracts to technically able computer scientists and hackers. Now they have a political message and a community to rally behind. The existence of cryptographic currencies may ignite the passion of the young hackers who will now be able to shun the money being offered by the existing system and go off and create a real alternative. As Bitcoin edges closer to the mainstream, it seems less and less likely that it could be the poster girl for this genre of ...

Full article: http://phys.org/news/2013-09-bitcoin-dilemma-mainstream-r...

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

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