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10:07 AM
Matthew Schwartz, InformationWeek
Matthew Schwartz, InformationWeek
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Bitcoin, Meet Darwin: Crypto Currency's Future

First-movers rarely survive, but some experts see a real future for government-issued crypto currency.

In five years, might the Bitcoin market be little more than a smoking ruin?

That's the dystopian future facing crypto-currency traders, if the current pace of attacks against Bitcoin exchanges and holders continues. Both could see a never-ending onslaught of distributed denial-of-service (DDoS), hacking, and malware attacks designed to drain their virtual currency coffers.

But the possibility that Bitcoin might burn is good news for anyone who cares about crypto currencies, as well as the future of our monetary system. In other words, just because one cryptographic currency gets pummeled, the odds are that the next "Satoshi Nakamoto" will build an even better one.

To read the entire original article, visit InformationWeek.

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