The idea of digital currency is slowing starting to make the rounds, including the potential for Bitcoin, but what many of us don't realize is that's it's here to stay. Sure, it's had a rough start, but once established and disseminated, electronic cash will allow for efficient and convenient online exchanges — and all without the need for those pesky banks. Despite the obvious n
eed for
a distributed digital currency protocol, the adoption rate has been
relatively slow. Barriers to entry include availability (it's in limited
supply), the cryptography problem (the public still needs to be assured
that it's secure), the establishment of a recognized and trustworthy
dispute system (sensing some opportunities here), and user confidence (a
problem similar to the one that emerged when paper money first
emerged).
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