Bitcoin on a hot streak
Bitcoin is the latest buzzword as it continues to get mainstream exposure. News outlets all over are picking up stories about businesses embracing the latest crypto currency trend.
Overstock.com has gone live accepting Bitcoins on their website breaking $126,000 in sales on their first day. The latest to enter the world of Bitcoins, the Sacramento Kings will start accepting Bitcoins to see them play. Another, porn.com has recently started accepting Bitcoins, which is not surprising as it is precisely the type of industry that values discretion regarding payment. The porn industry tends to follow the most successful technologies (VHS vs Betamax, HDDVD vs BluRay anyone?), so too may it be an indicator in the success or failure of Bitcoin as a form of financial transaction.
Bitcoin is surely in for an eventful year in 2014.
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