19 Mar '13, 3pm

Our daily chart is on Bitcoin, whose record price looks like a bubble

NOT MANY fund-managers have heard of Bitcoin, let alone put any of their clients’ money in it. But over the past few months, the world’s first “crypto-currency” has become one of the world’s hottest investments. Since September, when The Economist last wrote about it , the price of a unit of Bitcoin as recorded by Mt Gox, a popular Bitcoin exchange, has soared. Unlike other online currencies—such as the new Amazon Coins —the supply of Bitcoin is not determined by any central issuing authority. Instead, new coins are generated according to a predetermined formula by thousands of computers solving complex mathematical problems. As more coins are generated, these problems get ever more complex, increasing the cost of computing power necessary to generate them, and so setting a floor underneath the price. Mimicking gold, the currency is designed to be deflationary. However, th...

Full article: http://www.economist.com/blogs/graphicdetail/2013/03/dail...

Tweets

#Dailychart: Today's chart reveals that the rec...

economist.com 19 Mar '13, 5pm

NOT MANY fund-managers have heard of Bitcoin, let alone put any of their clients’ money in it. But over the past few month...

The $8 Million Chart We Should All Be Watching #bitcoin

The $8 Million Chart We Should All Be Watching ...

thebitcointrader.com 17 Mar '13, 3pm

Fun fact: did you know that it was only just over a month and a half ago that a new all-time high record was set for the v...

This is what a bubble looks like:

This is what a bubble looks like:

newstatesman.com 14 Mar '13, 5pm

This is what a bubble looks like: That's the market capitalisation of Bitcoin, an innovative fiat currency which relies on...

Price drop for UK's most expensive home #PR

propertyguru.com.sg 20 Mar '13, 2am

At S$130 million it’s the UK’s most expensive home currently on the market – and the good news for buyers is that the pric...

Venture capitalists and angel investors take a chance on the #Bitcoin "revolution":

Venture capitalists and angel investors take a ...

dailydot.com 19 Mar '13, 1pm

Bitcoin , the most popular form of self-contained digital currency , has inspired an almost evangelical zeal in its propon...

The Daily Dementia, by Andrew Sullivan

ace.mu.nu 21 Mar '13, 8pm

Andrew, I just wanted to compliment your bravery on your post "Bugs." You captured a feeling deep in the heart of this cou...

Bitcoin: the real question is, when the bubble bursts, will it still be usable as a currency?

Bitcoin: the real question is, when the bubble ...

newstatesman.com 18 Mar '13, 12pm

Last week's post pointing out bubbly appearance of Bitcoin's market capitalisation sparked some kickback. That was to be e...

Great Coffee App Review: Coffee Recipes 2.0 : D...

dailyshotofcoffee.com 19 Mar '13, 10am

Great Coffee App Review: Coffee Recipes 2.0 by Jean Sebastien | 0 Comments Great Coffee App is available on iTunes for $2....

#Bitcoin iPhone App Downloads Soar in Spain as ...

libertyblitzkrieg.com 19 Mar '13, 12am

We all know that Europeans are scared to death about bank account confiscation after the Cyprus fiasco, and it seems some ...

When Governments Take Your Money, Bitcoin Looks Really Good | Motherboard via @motherboard

When Governments Take Your Money, Bitcoin Looks...

motherboard.vice.com 19 Mar '13, 5pm

The tiny island of Cyprus became the center of the financial universe over the weekend, after its leaders, facing financia...

(SgDaily) Daily SG: 20 Mar 2013

(SgDaily) Daily SG: 20 Mar 2013

singaporedaily.net 20 Mar '13, 4am

– verkur | ache: Of our independent political groups/websites – verkur | ache: Reaction – Breakfast Network: Who are you c...

Daily Search Forum Recap: March 19, 2013

seroundtable.com 19 Mar '13, 8pm

Here is a recap of what happened in the search forums today, through the eyes of the Search Engine Roundtable and other se...

Daily SG: 14 Mar 2013 #OpPopulation

Daily SG: 14 Mar 2013 #OpPopulation

singaporedaily.net 14 Mar '13, 4am

– Riotous Assembly: Xenophobic? Me? I do beg your pardon! – Yahoo: COMMENT: Xenophobia and the Jollibee backlash – New Nat...

"FinCEN sounds death knell for US-based Bitcoin...

irdial.com 19 Mar '13, 12am

FinCEN sounds death knell for US based Bitcoin businesses March 19th, 2013 by Irdial 1DnwFLXczVZV8kLJbMYoheUrpqHesjxrSi It...

Daily Search Forum Recap: March 18, 2013

seroundtable.com 18 Mar '13, 8pm

Google Panda Goes Into Hiding: No More Official Confirmations On Friday I reported at Search Engine Land that Google will ...