Wednesday, February 5, 2014

Bitcoin: Revolutionary Game-Changer Or Trojan Horse?

Washington’s Blog
February 5, 2014
Image: Bitcoin (Wikimedia Commons).

Reddit, Virgin Galactic, and now accept Bitcoin.

So do dating site OKCupid and travel site Game giant Zynga is now in the testing phase.

Two big Las Vegas hotels accept Bitcoin.

Congressman Steve Stockman (R-Texas) accepts Bitcoin for 2014 campaign contributions. As does a law firm in Australia.

Reuters notes:
Already, 21,000 merchants are using Coinbase to accept Bitcoin from customers.
Indeed, there are websites listing scores of businesses which now accept bitcoin.
(And you can use Bitcoin at Amazon, Barnes and Noble, Crate & Barrel, Target, Sears, CVS, Hyatt Hotels, Kohl’s, Burger King, Applebees, Victoria’s Secret, Land’s End, Facebook, Groupon, Banana Republic, the Gap, AMC and Fandango movie theaters, Whole Foods,, Wine Enthusiast, Papa John’s, Nike, Adidas, Sephora, Sports Authority, Staples, Zales jewelry, Game Stop, FTD flowers, Zappos and hundreds of other stores if you use Bitcoin to buy gift cards at Gyft.)

But is Bitcoin going mainstream a good thing or a bad thing?

People Power … Challenging the Status Quo?

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