Monthly Archives: October 2015

What We Know About BitCoin, and What Is Still Unknown (Part II)

In Part I, we gave an overview of Bitcoin and how it’s different from the digital “real currency” that is in widespread use today.  In Part II, we’ll ask and answer the question – Is Bitcoin just a fad?  Is it novel in concept, but not particularly advantageous for the average person, or does it have staying power? Regardless of what you might think about Bitcoin today, its strongest proponents and harshest critics agree on one thing – Bitcoin and its underlying blockchain technology cannot be ignored.  Major players in the financial industry and tech industry are pouring significant money …

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What We Know About BitCoin, and What Is Still Unknown (Part I)

It’s no surprise that, as the way we exchange information continues to evolve at an ever-increasing pace, the way we exchange value is rapidly evolving too.  This two-part series explores the Bitcoin evolution occurring in the world of electronic payments. In today’s business environment, we already mostly exchange value digitally—with payment cards or mobile apps linked to our bank accounts.  Most of the world’s wealth is accounted for by 1s and 0s in computer files, not coins and bills.  As the Internet and mobile converge, paying with physical currency and checks with perforated edges is less and less common. Many …

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Erasure Laws Don’t Equal Right to be Forgotten

We have previously blogged about the “right to be forgotten,” which has gained a substantial foothold in Europe, and which one nonprofit consumer group has urged the Federal Trade Commission to adopt. While that “right” continues to expand in Europe, the Supreme Court recently denied certiorari and let stand a Second Circuit case that rejected the right to be forgotten. The lawsuit stems from the 2010 arrest of Lorraine Martin for narcotics charges. Following her arrest, several newspapers published articles, reporting (accurately) that she had been arrested and charged with drug violations. More than a year after Ms. Martin was …

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