What happens to bitcoin if the Internet goes down?

A post from Garth Kiser over at the blog Pursuing Nothing caught Bitbeat’s eye. Mr. Kiser is clearly an enthusiast for bitcoin, which he calls a “monumental leap towards a peer-governed future,” but he worries about how the distributed network that runs its core infrastructure would handle a major disruption to the Internet. “Imagine a […]

Read More

BitcoinPeople Morning Digest #5

The infamous Winklevoss twins buy their first Virgin Galactic space flight from Richard Branson using their Bitcoin stash. The Wall Street Journal launches a new segment about digital currencies: BitBeat. BitPay opens their Latin America office in Buenos Aires, Argentina. BitScan launch crowdfunding campaign for Android app. UK will treat Bitcoin as a foreign currency […]

Read More