23 Dec '12, 4am

Understanding Bitcoin - Opinion - Al Jazeera English via @Diigo

When it comes to money, people are understandably reluctant towards experimentation. Either it works, meaning it provides clear advantages, or it doesn't. No part of the Bitcoin economy will last unless it is objectively a better deal for the end user than the flawed-but-known ways of today. In this sense Bitcoin is perhaps one of the hacktivist revolution's greatest tests: can the network itself actually handle the globe's finance? Can it really deliver better money for this incredibly complex world? It could very well be that it actually will. It seems to be advancing in that direction, slowly, step by step.

Full article: http://www.aljazeera.com/indepth/opinion/2012/05/20125309...

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