Wall Street meets bitcoin boulevard

It would be just lovely to say that Bitcoin is the economic revolution founded and funded by libertarians and economic idealists worldwide. That may have indeed been Satoshi Nakamoto’s vision back in 2008. However, where the rubber meets the road has proven far different than this altruistic vision. The vast majority of all Bitcoin trades are done by people just for the sake of making a trade, to drive down a price of exchange, or to “beat the street.” To many, Bitcoin is just a new market ripe for market manipulation. Un(der)regulated, global, still growing rapidly, and open 24/7, unlike Wall Street, many Wall Street veterans are taking their narrow skill sets into “The Internet of Money” for maximum gain. Read more: bitcoinist.com