BitBuzz Daily: Our roundup of what's new and interesting on bitcoin
Thursday 14 November 2013
Well, bitcoin's price is up again - at the time of writing, the Mt.Gox price is US$429. The big question: where or when is it going to stop? This article by Robin Sidel and Saabira Chaudhuri in the Wall Street Journal doesn't answer that but does look at what its future might be and how it is being increasingly viewed as a credible form of payment.
If you do want a slightly more technical look at the future of bitcoin and what needs to happen for it to compete with the traditional credit card companies, just check out this interview with Mike Hearn by Timothy B Lee for the Washington Post.
One of the big talking points about bitcoin right now is, of course, how are the regulators going to deal with it? This video by James D'Angelo for the Bitcoin 101 Blackboard series is an interesting look at some of the hurdles regulators will have to face. No one said this was going to be easy... Watch it on YouTube
From cattle to crypto-currency, we've come a long way since the days of trading cows for wealth. This cool infographic by Chargeback.com shows the different stages in the Evolution of the Paying Customer.
Click image to see a larger version
Bitcoin has been gaining popularity rapidly in Argentina as the population look to alternatives to their ever-inflating peso. Now, as if to really cement the country as a serious player in the Bitcoin economy, the first Latin American Bitcoin Conference will be taking place in Buenos Aires. Elizabeth Ploshay explains more in this piece on Bitcoin Magazine.
Why Argentina? The Argentinian Bitcoin community is rapidly growing in reaction to national economic strain, but most importantly due to the opportunities Bitcoin represents as a disruptive technology and economic growth potential. With an inflating Argentinian Peso and limited access to additional fiat currencies such as the US Dollar, Bitcoin provides a credible solution and represents opportunity for Argentinians and those interested in doing business in Argentina.
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