06 Mar '13, 12pm

Could Bitcoin Be More Than A Digital Currency?

This article titled “Bitcoin: more than just the currency of digital vice” was written by Arwa Mahdawi, for guardian.co.uk on Monday 4th March 2013 16.54 UTC Dale doesn’t exactly look like an international crypto-criminal. He’s soft-spoken, baby-faced, and a senior at an Ivy League college. But every couple of weeks the political science major logs onto the Silk Road, an online black market that has been described as an “amazon.com of drugs” to buy wholesale quantities of “molly” (also known as MDMA, a particularly “pure” form of ecstasy), LSD and magic mushrooms. Some of these will be for his personal use, and the rest he’ll flog to less tech-savvy classmates at a mark-up of up to 300%. On a good weekend, he can net a profit of around $2,500. It’s a more lucrative sideline than waiting tables. While Dale prices his party favours in dollars, he pays for them the only way y...

Full article: http://www.psfk.com/2013/03/bitcoin-digital-currency.html

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