A Little Bit About Bitcoin: Is It Right for Your Business?
By now, most people have heard about a new currency called "bitcoins", but bitcoins are still quite misunderstood and maligned. Browsing the Internet, you'll find wildly diverse opinions on the virtual currency and its future. Despite this, many merchants are beginning to accept bitcoins for payment. Our interest was piqued recently when Overstock.com's CEO, Patrick Byrne, announced that Overstock would be accepting bitcoins as a legitimate form of payment. At the same time, he had plenty to say about Paul Krugman's attack on Bitcoin, Krugman calling it "evil". Their very different takes on Bitcoin seem to reflect the current diversity of opinions on Bitcoin in general.- Wednesday, January 22, 2014