28 Nov '14, 10am

Horie sees bitcoin as route to more security, less government: The failure earlier this year of Tokyo-based bi...

Horie sees bitcoin as route to more security, less government: The failure earlier this year of Tokyo-based bi...

The failure earlier this year of Tokyo-based bitcoin exchange Mt. Gox may have stirred Japanese doubts about the credibility of the digital currency. But despite its demise, many people worldwide view bitcoin technology as a world-changing innovation. Among them is Takafumi Horie, 42, former president of Internet firm Livedoor Co. There have been many digital currencies and monetary services, including Suica, Rakuten Edy and Internet banking, but they are basically centralized and managed by certain companies or organizations. Bitcoin, however, is not run by a company or the government, and participants can ensure, by monitoring, that transactions involving the currency are legitimate, Horie said. In an interview with The Japan Times last month, Horie said it is impossible to predict whether bitcoin will become a mainstream currency because “(Bitcoin) is like an enemy to n...

Full article: http://www.japantimes.co.jp/news/2014/11/28/business/hori...

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