29 Sep '12, 9am

Bitcoin Foundation Promises to Protect and Promote the Use of the Digital Currency: In the past months, the digi...

In the past months, the digital currency known as Bitcoin has encountered a lot of issues, many of them caused by botnets, cybercriminals and vulnerabilities in the system itself. However, the newly established Bitcoin Foundation hopes to restore users’ confidence in the currency and restore its legitimacy. The large number of Bitcoin-related incidents – including the recent $250,000 (200,000 EUR) heist and the fact that the FBI raised concerns about its use for illegal activities – has determined many internauts to stop using it. The founders of the Bitcoin Foundation hope to change this by “keeping Bitcoin rooted in its core principles.” These principles include openness, independence, and non-political economy. “While we aim to advance standards and security, we remain strong advocates of the liberating power of decentralized money. Our goal is to act as both an organiz...

Full article: http://news.softpedia.com/news/Bitcoin-Foundation-Promise...

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