The murky world of digital currency
Caleb Allison
2012-10-13
http://www.nbr.co.nz/article/murky-world-digital-currency-checked-and-ready-weekend-review-ca-130475...
But the system has been the victim of hackers who have stolen hundreds of thousands of dollars worth of Bitcoins over the past year.
The Bitcoin Foundation was recently established to rebuild their reputation and distance the system from the dodgy, underworld-type business it is associated with.
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To many, it is seen as a scam – a Ponzi scheme. Others view it as a way to buy illegal goods without being caught.
To most, however, it is likely to remain a mysterious and complicated initiative, inaccessible to people with limited knowledge of the internet and computer coding.
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