Bitcoin has been the subject of news stories around the world, and none have been more explosive than its connection with the infamous Silk Road. Now with BitInstant’s CEO, Charlie Shrem, arrested for money laundering, some wonder about the future of this enigmatic currency.
With the recent buzz about the shutdown of the Silk Road, BitCoin, the currency used for these illegal dealings have been the center of attention. But what exactly is it? With everything going digital and more online stories accepting this new form of money, this online currency could be the new money of the future. It forms its own market place and is free of any government regulation. So will it work?