Edward Castronova— Three years ago, the digerati were abuzz about the idea of a “real” virtual currency. That turned out not to be the killer app. We still face the full disintermediation of the finance industry, but it’s being driven not by digital currencies but by digital wallets. What’s the
Bitcoin is on the rise. The completely digital currency has been covered by Forbes, The Wall Street Journal, and The New York Times, among others. Bitcoins have the power to buy anything from a hot dog at a Sacramento Kings NBA game to a hotel room at a Holiday Inn in