Block Chains in The Financial Sector Should Benefit Consumers

While consumers are unlikely to have direct contact with a “block chain,” the advantage that these public ledgers deliver to businesses will be felt in higher security and lower costs for consumers.  The use of block chains in the financial sector is still under development so it may be poorly understood. Block chains have long […]

The Bitcoin Curiosity

Since 2008, the cyber-currency called Bitcoin has fascinated some cryptographers and Internet traders.  It gained undeserved notoriety by mention in the FBI’s takedown of the illicit goods trading on Silk Road.   Since then Chairman Bernanke’s positive comments added legitimacy and luster to Bitcoin and its exchange rate (over $1200 on 11/29/2013) earned it “above the […]