You likely have heard of Bitcoin, the virtual currency for online transactions that squeezes out the middleman of financial institutions and those pesky transactional fees. Lots of chatter about it -- in particular, does it have a real chance of mass adoption -- especially for online micro-purchases? Will governments allow that to happen, or squash it via international regulation?
Intriguingly, blue-chip VCs are believers. Firms like Andreessen Horowitz and Union Square Ventures have recently made significant investments in Bitcoin-related start-ups (and Kleiner Perkins apparently is "actively looking" into making such investments.
Today's Wall Street Journal features a "must read" story about Bitcoin that effectively flags the relevant issues -- and gives a nice overview.
Definitely worth your time.
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