Behind the Headlines: Bitcoin, Gold and the Cashless Society

Back in April this year we discussed 'Bitcoin' - a so-called 'virtual currency'. Touted as a solution to people's concerns with online privacy and protection from overbearing and centralized fiscal authorities, Bitcoin has steadily risen in popularity and value since its launch in 2008. Its dollar value suddenly plummeted in early April, leading us to wonder what had happened to make people suddenly lose interest? Later in May, the US govt began breathing down its neck by seizing one of...