Can Bitcoin Be Trusted?
Mark Williams, School of Management
Introduced in 2009 by software developer Satoshi Nakamoto, Bitcoin has a notorious association with illicit activities…
“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.”