Reddit says Bitcoins are as good as gold (and credit cards)

Reddit is now accepting Bitcoin as a form of payment. via @VentureBeat

Community news-sharing site Reddit is the latest in a small (but growing) list of online services that are now accepting Bitcoin as a form of payment. Bitcoin is a form of digital currency that uses decentralized (peer-to-peer) technology to manage transactions and validate payments instead of a government-regulated banking system. Anyone can convert their local country’s currency into Bitcoins, making it a universal form of trade for any company that accepts it. Part of Reddit’s business strategy is selling “Reddit Gold” subscriptions that sports experimental features that you can use before they roll out to all users. Reddit Gold can be purchased in one-month increments for $4 or $30 per year for yourself or as a gift to others. The site also started letting people buy a month of gold to people who made particularly useful or witty comments. And until recently, Reddit on...

Full article: http://venturebeat.com/2013/02/14/reddit-bitcoin/#0OD1RxE...