Bitcoin News

Morgen Peck (@morgenpeck) writes again on Bitcoin, this time in an article on Scientific American which brings that readership up to speed. Excerpts:

“Ever so slowly, merchants seem to be warming up to Bitcoin, according to Tony Gallippi, whose company, Bitpay, provides mobile checkout services to companies that want to accept Bitcoins. ‘I went to the Prague conference in November 2011 and we had about 100 merchants,’ he says. ‘We have about 1,100 now.’
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“‘Using Bitcoin, a business can receive a payment from any country on the planet, instantly, with no risk of fraud [says Gallippi].”
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“Frank Braun, an IT security consultant and self-described privacy extremist, confronted the problem [of exchanges requiring verified identity] by urging people at the conference to open new over-the-counter exchanges.”
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“The few lawyers who have studied Bitcoin all agree that the currency inhabits a legal gray area. No one really knows how governments would react if it gains traction.”
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“At the end of his speech, [Bitcoin.org core developer] Garzik rallied for the currency and asked for patience over the long haul. ‘How long did it take to create the euro, implement the euro, widely distribute the currency, widely distribute the cash registers, point-of-sales systems—all of that stuff,’ he asked. ‘It took years and years.’”

- http://bit.ly/TkXvH2
- http://bitcointalk.org/index.php?topic=117192.0 (Further discussion of the article) 

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