How likely is it that the digital currency Bitcoin will actually succeed?
dbrown 2 years ago
Bitcoin, the "virtual currency", has been around for a while now. I thought it would quickly fail and fade away, but I realized that I've been thinking that for almost two years now, and Bitcoin is still here. I have never used Bitcoin, and there have been enough examples of Bitcoin theft to keep me leery, but I'm starting to wonder if it is here to stay. I have my doubts about a form of currency that isn't backed by a government, but then again, economic monetary concepts don't require that a government be the only source of currency; there are many examples of private currency throughout history. There have either collapsed or been regulated out of existence though, which is one reason why I anticipate(d) the downfall of Bitcoin. The other thing is that I don't really see the need for Bitcoin, since we already have the US dollar/euro/yen whatever. What am I missing here? Why has Bitcoin survived this long, and are they likely to make it over the long haul?
Topic: InternetAnswer this Question
Ask a question
A U.S. district court judge has ruled against Microsoft in the company's effort to oppose a U.S. government search warrant for emails stored in Ireland.
The U.S. Federal Trade Commission failed to adequately consider the consumer benefits of easy in-app purchases in its recent complaints accusing Apple and Amazon.com of allowing children to buy digital products without parental permission, according to some critics of the agency.
The impending arrival of 25G will help drive the Layer 2-3 Ethernet switch market to approach $25 billion in 2018, according to Dell'Oro Group.
Google is looking to make your work day a bit more social and is taking its Google Hangouts into the business arena.
The number of government requests worldwide seeking Twitter users' data, or the removal of content, increased during the first half of 2014.
SAP will resell software from Apigee in a move to help customers and partners build mobile applications, products and services that securely tap data from SAP systems.
Oracle is fleshing out its family of cloud applications and taking a competitive step against the likes of Salesforce.com with the acquisition of TOA Technologies, maker of software for companies centered around field services. Terms were not disclosed.
After years of cajoling their users into sharing every thought, emotion and selfie, online firms are seeing that providing more private online spaces might also be profitable.
Linux’s creator goes on another epic rant
Facebook introduced an app on Thursday that will give mobile phone subscribers in Zambia access to a set of free basic mobile data services -- and Facebook.
White Papers & Webcasts