It is largely used in black market transactions, it exists without any regulations at all, and there are almost no mainstream businesses that actually deal in i

It is largely used in black market transactions, it exists without any regulations at all, and there are almost no mainstream businesses that actually deal in it As we used to say back in the day, “don’t believe the hype.” As for business using Bitcoin, more “real” businesses are doing so all the time, including Foodler, OKCupid and WordPress to name a few: http://www.coindesk.com/10-businesses-that-use-bitcoins/ http://www.coindesk.com/10-businesses-that-use-bitcoins/. On a recent podcast of Lets Talk Bitcoin (http://letstalkbitcoin.com http://letstalkbitcoin.com), it was mentioned that donations to projects, websites, etc. were the majority of Bitcoin transactions, not black market ones. It’s not a coincidence that Bitcoin first appeared in 2009, after the world economy was nearly destroyed by regulated financial institutions and government-controlled central banks. There’s certainly nothing shady about wanting a way of exchanging and storing value (i.e. money) that’s unencumbered with the legacy of how we’ve handled transactions in the past. One of the innovations of Bitcoin is that it decentralizes trust, which is just what we need these days--Bitcoin May Be the Global Economy's Last Safe Haven: http://www.businessweek.com/articles/2013-03-28/bitcoin-may-be-the-global-economys-last-safe-haven http://www.businessweek.com/articles/2013-03-28/bitcoin-may-...