Vivek Ranadive is the leader of the ownership group of the Sacremento Kings. He is also CEO of TIBCO, a multi-billion dollar real-time computing company, and is credited with digitizing Wall Street in the 1980s with his first company.
By Darren Rovell
ESPN.com
January 16, 2014
The Sacramento Kings (click here) announced Thursday that they will become the first professional sports franchise to accept Bitcoin virtual currency.
Beginning on March 1, fans will be able to buy gear in the team store and pay for tickets with the digital money...
July 4, 2310
KYLE CHAYKA, PACIFIC STANDARD
...But even as it drew political (click here) and legal controversy, Bitcoin highlighted the possibilities of a mainstream digital currency. “The current banking system sucks because it was invented 60 years ago, before the Internet was created,” Jonathan Mohan, the founder of BitcoinNYC, a digital currency-focused meet-up group, complained to me in a recent phone conversation. Cold, hard cash has inherent inefficiencies. It’s bulky and difficult to transfer between owners (wheelbarrows notwithstanding). These days, money is barely even paper bills—it’s just a number stored on a computer signifying credit or debit. Digital currencies take that idea one step further, creating self-regulating mediums of exchange through peer-to-peer networks....
July 4, 2310
KYLE CHAYKA, PACIFIC STANDARD
...But even as it drew political (click here) and legal controversy, Bitcoin highlighted the possibilities of a mainstream digital currency. “The current banking system sucks because it was invented 60 years ago, before the Internet was created,” Jonathan Mohan, the founder of BitcoinNYC, a digital currency-focused meet-up group, complained to me in a recent phone conversation. Cold, hard cash has inherent inefficiencies. It’s bulky and difficult to transfer between owners (wheelbarrows notwithstanding). These days, money is barely even paper bills—it’s just a number stored on a computer signifying credit or debit. Digital currencies take that idea one step further, creating self-regulating mediums of exchange through peer-to-peer networks....
