The Bitcoin Continues to Gain Credibility From Merchants ...

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Any proper analysis has to distinguish clearly between the following layers of the Bitcoin phenomenon: 1) the concept itself, that is, the idea of a hard crypto-currency (digital currency) with no issuing authority behind it, 2) the core technology behind Bitcoin, in particular its specific algorithm and the ‘mining process’ by which bitcoins get created and by which the system is ... The Bitcoin gained some more credibility when the Senate Homeland Security and Governmental Affairs Committee invited six federal agencies to testify about it, along with numerous other interested ... Sets out to solve the mystery surrounding the identity of Bitcoin’s secretive creator, Satoshi Nakamoto, shows how Bitcoin will change the world, and explains in layman’s language exactly how it works. Liam Halligan, who writes The Telegraph's Economic Agenda column, said: "The rapid expansion of Bitcoin is a stark symptom of the fact that investors are finally realising that 'fiat' currencies ... Liam Halligan Don’t laugh - Bitcoin is making a serious point Several events happened last week that made me suspect that Bitcoin – and the idea of “stateless” currencies more generally ...

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