Thursday 2 May 2013

More bitcoin madness ...

http://www.rockpapershotgun.com/2013/05/02/crafty-mining-esports-leagues-secret-bitcoin-slaves/

Is anything about this newly popular digital currency not entirely insane?

Hard to tell where this will go to be honest. Ethically it is all very grey area as people's resources have been harnessed for the gain of others without their consent. However, it is hard to see that any major harm has been done to the users and the application of laws to such online situations is always messy.

However, these are exactly the sort of kinks that need to be worked out if bitcoin is to develop any real utility except as a novelty and mild political statement.

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