Bitcoins are stored in a digital wallet, a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods, or save their money. Although each Bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed only their wallet IDs.
Questions
Do you consider Bitcoin a form of disruptive or sustaining technology?
How can web-based businesses benefit from Bitcoin?
Describe the revenue model for how miners receive Bitcoin currency.
Why are governments wary of Bitcoin?
What are the security issues surrounding Bitcoin?
