09 Aug '12, 4am

Bitcoin Update

I wrote a post about Bitcoin last November wondering if it was over or if we were just in a down phase in the hype cycle (http://www.avc.com/a_vc/2011/11/bitcoin.html). In the nine months since that post, Bitcoin has made a nice recovery. The price is up and volume of transactions is increasing. Bitcoin is still very much a fringe thing and is tiny as these things go. Compared the the volume of transactions Square will do with Starbucks, Bitcoin looks like a joke. But I like to pay attention to the jokes, the laughing stocks, because occasionally they get the last laugh. I am curious what the AVC community thinks about Bitcoin these days.

Full article: http://www.avc.com/a_vc/2012/08/bitcoin-update.html

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Support your local Bitmit version

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