Bitcoin News

Joel Falconer (@JFalconer) stands out among his peers by penning unbiased, objective reports on Bitcoin developments.  He published his latest, which appears on TheNextWeb.com.  Excerpts:

 ”Developer and Bitcoin evangelist Julian Noble pointed out, in an interview with TNW, a number of legitimate ways Bitcoin is currently being used in transactions. Virtual private networks, legal online gambling, Bitcoin mining equipment and even tea make the list.  He notes that Roger Ver of memorydealers, a computer parts dealer, has indicated that he uses Bitcoin to pay suppliers in China.”
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“Moving money from country to country by an international money transfer not only exposes parties to risk as exchange rates fluctuate but can take up to 10 days to get from point A to B. Bitcoin would make the process incredibly fast and that would fix many problems with payment delays.”
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“’The single most important event is for a government like the US to issue a statement regarding how Bitcoin will be treated legally. Once companies know the legal status of Bitcoin – whether it will be treated as a currency, a commodity, or something new – that will then enable them to really dive into it and utilize the currency for their benefit,’ says [BitInstant’s Erik Voorhees].”
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“We’ve entered an age where we are seeing startup incubators and venture capitalists plunge American dollars into ventures that will serve the Bitcoin economy.”
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“[Bitcion is] anything but dead. It’s growing, and the ecosystem around it is growing too. With BitInstant, we’re going to see greater integration between traditional currencies and Bitcoin. With Coinbase, we’re seeing a confusing process made simple. More merchants and more consumers are signing up every day, and more value is being traded in the system all the time.”
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“You might not like Bitcoin, but it’s not going away.”

 - http://tnw.co/RBdvi5
 - http://bitcointalk.org/index.php?topic=105504.0 (Further discussion on this article)

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