Bitcoin 2.0 beta Brainstorming BoxSubmitted by Chris Comotellamski on Sat, 05/11/2013 - 01:04
There probably will never be anything called bitcoin 2.0 but there will be new digital currencies which will attempt to recreate bitcoin 1.0's success without its inherent flaws now being discovered.
What are those flaws, and how can they be fixed?
Bitcoin 1.0 has so-far been an interesting to watch experiment in the free market, made possible only in the last two decades through technology's triumph de milenium, the internet.
Even more interesting than bitcoin itself is how some people, particularly the ones who are supposed to represent the people of America (and her marketplace) react to it with attempts at regulation which will hamper, and possibly kill it.
Regulatory enforcers are citing statutes which require financial instruments to represent actual value, as a replacement for intrinsic value.