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Bitcoin's Back To The Wall As It Fights To Survive

wochit business
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February 25, 2014 AT 11:50 AM
Bitcoin suddenly finds itself in a battle for survival, caught in a worst-nightmare scenario of technical snafus that threaten not only billions of investor dollars, but also overall integrity. The struggles raise questions about whether this is the point where the cryptocurrency fades into cybernerd hobbyist oblivion, as many of its detractors have long suggested, or goes forward as a true alternative to global currencies. Currency experts say this doesn't have to be a death knell, but it will be up to bitcoin's brightest brains to rebuild the infrastructure so confidence can return.