Bitcoin gets big bets from Silicon Valley
"Dot-com pioneers and fresh-faced 20-somethings alike are founding companies to help transact the virtual currency. Are those chasing Bitcoin headed for a gold rush, or fool's gold? Nick Holland, a Javelin Strategy analyst in Boston, is among those who believe math-based currencies like Bitcoin, which enable transactions from one user to another without official oversight or high fees, could upset the centuries-old tradition of paper money -- much as user-generated Wikipedia all but replaced the venerable Encyclopaedia Britannica." Continue reading →