25 Feb '14, 9am

Bitcoin's life-or-death moment

Bitcoin's life-or-death moment

25 February 2014 Last updated at 08:30 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Article written by Robert Peston Business editor More from Robert Bitcoin's life-or-death moment More from Robert Will China shake the world again? Has the Treasury killed Salmond’s sterling-zone? Carney’s almost promise on rates Forward guidance: dead and alive Like many, I am gripped by the concept of Bitcoin. I am not talking about the value of the individual bits of the new virtual currency, which has had a somewhat volatile history and is currently spiralling down. What excites is the development, by Bitcoin enthusiasts, known as miners, of a super-efficient money transmission network on the internet, that bypasses the official banking and money transmission systems - or at least it is a hermetically sealed monetary world until holders of the virtu...

Full article: http://www.bbc.co.uk/news/business-26335547#sa-ns_mchanne...

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A moment of silence.

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