Bitcoin Rampage

Posted: October 19, 2013 in Investing, News
Tags: , ,

Bitcoin is on another bull run, after Baidu, China’s equivalent of Google, started accepting payments for services in Bitcoins a few days ago. This is welcome news, as it shows large-industry posturing to accept the cryptocurrency despite the USDOJ’s crusade to stomp it out at all costs.

  1. FormerHometownBob says:

    As much as I like the idea of Bitcoin, I’ve been around in the technology world long enough to know that the pioneers are usually the ones found dead, with arrows in their backs. Excel beat out Lotus, Word won over AppleWriter, and SQL is the standard, not dBase.

    As Bitcoin gets attacked, directly and indirectly, by the governments of the world, I expect we’ll continue to discover weaknesses – not with the crypto, but with the process of using Bitcoins as money. Then someone will the next generation, which will avoid those problems and be much more useful. Kind of like what I also expect to see with Silk Road.

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