[2017-03-31] Moneycontrol: Bitcoin: A revolutionary idea, but is it bulletproof?

[polynesia]

Bitcoin: A revolutionary idea, but is it bulletproof?

http://www.moneycontrol.com/news/technology/bitcoin-a-revolutionary-idea-but-is-it-bulletproof-2248593.html

In the 1990s, entry of personal computing provided individuals and groups to communicate and interact anonymously, without the fear of state censorship.

The idea, now known as the Internet, created an opportunity for the free flow of information and virtually erased the concept restrictive sovereign borders. Numerous ventures sprung out and many decimated during the 'Dotcom crash', but Internet still stayed relevant and gained significance.

Such is the case now that a life without Internet is unimaginable — the idea of free exchange of information is bulletproof.

Over past decade, another idea with immense potential for disrupting the society germinated and is growing roots. That idea — free flow of money — is called Bitcoin.