05 Apr '15, 8pm

The Bitcoin: A Fake, a Fad, or the Currency of the Future?

The Bitcoin: A Fake, a Fad, or the Currency of the Future?

Do you accept Bitcoin? The first specifications and proof of concept for Bitcoin came in 2009, when Satoshi Nakamoto proposed the idea on a cryptography mailing list. Nakamoto’s identity outside of this project has remained unknown. His original Bitcoin codebase has since been built upon and further organized by a community of developers and volunteers. Bitcoin is the first decentralized peer-to-peer payment network. There is no FDIC backing or link between Bitcoin and any banking institution. Bitcoins arose in the midst of the Great Recession when the integrity of banks and overwhelming government regulations were in question. Bitcoin is accepted internationally. Businesses that accept Bitcoin for payment range from Amazon to Target to Home Depot to Morton’s Steakhouse to Midlothian Web Solutions and so many more . They are now traded on Bitcoin exchanges, which in many w...

Full article: http://www.business2community.com/tech-gadgets/bitcoin-fa...

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