By Geoff Weiss, Entrepreneur Staff
Many mistakenly believe it's a company. Others say it is bound to be destroyed by regulators. In some circles, it has been described as nothing more than a conduit to buy and sell drugs.
As a relatively nascent technology, misconceptions about Bitcoin abound. That's because it functions as a kind of blank slate, explains Jonathan Chester, COO and founder of BitWage -- the world's first Bitcoin-based payroll service. "Everyone creates their own mission or vision to build on top of the Bitcoin infrastructure," says Chester. "Think of the Internet. There's no mission or vision of the Internet -- it's just what people want to do with this cool product."