25 Jun '14, 9am

Bitcoin has a future, but maybe not as a currency

In the course of its five-year run, Bitcoin has been heralded as a beacon of hope by those who mistrust banks and an object of suspicion by those who mistrust a grassroots currency. While the dramatic price fluctuations and high-profile breaches have not helped the cause, Bitcoin's champions and critics seem to agree that the technology itself has a future. What is bitcoin mining? Recording every bitcoin transaction in a block chain requires a lot of processing power, which is why many individuals or companies contribute computer power in exchange for payment in bitcoins. This is known as "mining." Mark Kamstra, a finance professor at York University's Schulich School of Business, says that Bitcoin has "fatal flaws" — like its fixed supply — that limit its growth. But he concedes that the underlying technology has the potential to change the online payment system. Why Bitc...

Full article: http://www.cbc.ca/news/technology/bitcoin-has-a-future-bu...

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Bitcoin has a future, but maybe not as a currency

cbc.ca 25 Jun '14, 9am

In the course of its five-year run, bitcoin has been heralded as a beacon of hope by those who mistrust banks and an objec...

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#Bitcoin

#Bitcoin

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Bitcoin has risen from the dead… again

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C-31

C-31

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