15 Oct '13, 7pm

The Civil War Inside Bitcoin: Go Anonymous or Go Mainstream?

The Civil War Inside Bitcoin: Go Anonymous or Go Mainstream?

A poster of 1990s rapper Notorious B.I.G. in the office of Coinbase. Note: B.I.G. passed before the advent of Bitcoin and did not actually endorse the virtual currency. (Aarti Shahani/KQED) There’s a civil war going on inside the world of Bitcoin. Its backers are fighting over the future of the Internet currency after one of Bitcoin’s biggest shopping sites was busted this month for selling illegal drugs and other goods. Some Bitcoin supporters want the currency to hide user identities. Others want to put Bitcoin into the hands of regular consumers. Bitcoin is Internet cash. It's different from paper cash in one key way. It has no central bank. Dan Kaminsky , a Bitcoin security analyst, explains, "Currencies tend to have an issuer. Dollars have the U.S. government." There’s a fixed amount of Bitcoin in the world. Bitcoin "miners" compete with each other to solve complex ma...

Full article: http://blogs.kqed.org/newsfix/2013/10/15/115021/bitcoin

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