Bitcoin: Cyprus Sparks Scramble for Digital Dollars

Please explain to me how bit coin has no sovereign exposure? What does this person think the bit coins were bought with? So your paying bit coin a fee to hold your sovereign dollars. What happens when bit coins balance sheet blows up? Will they have enough capital to support the network?

CNBC.com Article: Bitcoin: Cyprus Sparks Scramble for Digital Dollars

They won’t make a sound no matter how many of them you try to toss in a bucket, and you can’t pitch them in a fountain and wish for good luck. But make no mistake, bitcoins are getting big.

Full Story:
http://www.cnbc.com/id/100597242

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