Monday, January 26, 2015

Despite fall, bitcoin fans keep the faith - Business - The Boston Globe

Final paragraphs from a bitcoin reality check; also see Bitcoin and the Digital-Currency Revolution (WSJ)
"“The penetration has really been quite small, relative to the media hype,” he said.

Yermack did say the blockchain has great promise to safeguard other vital information. For instance, the title to your home or car is recorded on a piece of paper and on a computer in a government data center.

“It can be altered, forged, burned down, and lawyers have to be paid to go looking for it,” Yermack said. But putting the same data on a blockchain computer network would be cheaper, far more secure, and easier to access, said Yermack, who predicted the blockchain technique will become the standard method of recording many important transactions."
Despite fall, bitcoin fans keep the faith - Business - The Boston Globe
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