The Daily Dot has the article The rise and fall of Bitcoin mining.

Earlier this month, fans of Bitcoin – the world’s most popular digital currency—were caught in a whirl of panic as one group threatened to corner the market for new bitcoins.

Reader WayneP has been bugging me with the question  “Is Bitcoin foolproof?”  I brushed this question aside as irrelevant.  Well, with this article I am starting to see Wayne’s point.  The article does a nice job of putting the issue in context.  Further, it does explain some of the mystery that I felt about the issue of mining.

Stay tuned for the continuing saga.