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    GeorgeReirl
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    Over the last number of weeks, everybody already been weighing in about Bitcoin, the digital currency that may be the money of the future, or a bubble bursting right in front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an record high of $266, then plummeting to just over $100 in particular hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it took over as one thing everybody in Silicon Valley was talking about. (For those who don’t know what Bitcoin is, this video explains it perfectly in 3 minutes).

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    JK: I said I wouldn’t back again into it unless there was the technical side taken care of, the legal side as well as the money behind it. We hired 7 lawyers to touch the legal side, and convinced Miron Cuperman who worked on PCI compliance at Google, to join as the CTO. He was an exceptionally big fan of Bitcoin and he’s working for folks full time now, he’s pretty superb. Having him really convinced me it was worth buying. We also raised 400, 000 in seed money and right now most folks are not taking a salary, so we’re working tough on this tool.

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