aigeezer
Legendary
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Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
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June 01, 2013, 12:24:33 PM |
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It's a text piece, generally positive. Here's a quick look:
Intro:
Bitcoin is becoming such a real and sizable instrument of commerce that investors are now pouring into new ventures aimed at furthering its use, financing new exchanges and payment systems for the virtual currency.
The obligatory middle:
Earlier this week, the federal government indicted a Costa Rica-based digital cash exchange, Liberty Reserve, alleging that it ran a massive money-laundering operation that handled as much as $6 billion. Liberty Reserve dealt mainly in the trade of LR, a lesser-known digital currency.
Closing:
“The analogy is to the building of the viable commercial Internet a few years ago,” Terpin said. “Back then, there was a real backlash against the Internet as a tool for commerce. I remember a media executive I talked to in 1993 or 1994, when I was selling him on how fast I thought the Internet was going to grow, I told him it was 20 million people and he just laughed in my face. He asked how many of those people were grad students in Czechoslovakia.”
“I see the same dynamic here,” he added.
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