30 Jun '14, 1am

You Know Bitcoin Is Mainstream When Your Extortionist Requests It

You Know Bitcoin Is Mainstream When Your Extortionist Requests It

When Overstock said it would begin accepting bitcoin for payment , supporters of the currency were thrilled. This is it, they said, ‘bitcoin is going mainstream!’ Ditto when Dish announced it would be accepting the currency . Then, this weekend the ‘bitcoin-is-going-mainstream’ narrative took a slight turn when California Government Jerry Brown legalized its use in the state. Businesses really have all the proof they need that bitcoin is enough of a mainstream phenomena to consider offering the currency as a payment alternative. But here are two more markers: One, the Government Accountability Office thinks the Consumer Financial Protection Bureau should join the federal government’s mish-mash of agencies trying to get their arms around the subject. Why? Because most of the government’s focus to date has been on law enforcement issues and eventually consumer protection iss...

Full article: http://www.forbes.com/sites/erikamorphy/2014/06/29/you-kn...

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