Can Bitcoin Be Trusted?

in 2014, Bitcoin, Mark Williams, Newsmakers, School of Management
March 6th, 2014

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Mark Williams, School of Management

Introduced in 2009 by software developer Satoshi Nakamoto, Bitcoin has a notorious association with illicit activities…

Expert quote:

“What Overstock.com is doing is a publicity stunt. They’re not actually taking on any of the associated risk. They’re not holding on to bitcoins, but are paying third-party processing companies, like Bitpay and Coinbase, to convert them to dollars. At this point, [bitcoins are] more of a virtual commodity than a currency.”

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