Bitcoin is emerging as a new form of currency exchange and method for people to convert their black money into white. There have been enough bitcoin regulation available in market for now and people are selling and buying them on the web. There are no government regulation related to them and no one to enforce any rules on them. People who bought them long ago can sell them now at the current price making a lot of money in return. This can be evolved as a new form of share exchange market with no set of rules available of how much to sell and at price to buy.This process is creating the irregular form of money which should not be supported in the real world.The inventor of Bitcoin Satoshi Nakamoto has not been found in person yet and certainly nobody knows how much virtual money he had collected and for what type of purpose he is using it for. These type of money can be used for illegal and harmful type of action on international level.Without any International body involvement ,the invest of the money in the bitcoin will be stuck as their are no regulations to convert your virtual money into actual currency.
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I found this blog post very interesting. Prior to reading this, I had very little knowledge of BitCoin and how it actually works. After reading your post, I agree with your perspective that it is a harmful form of currency that is oftentimes associated with illegal activities. How do you believe this emerging currency will shape our future and do you think it will continue to grow or disappear entirely?