21 Mar '13, 2pm

#bitcoin

#bitcoin

King Tut's golden burial mask, via Bjørn Christian Tørrissen Plenty of people still have a difficult time wrapping their heads around what bitcoin is or why it even has value, especially as the virtual cryptocurrency continues to scale record heights . How isn't this a Ponzi scheme, many have wondered ? A good way to look at it is to compare it to gold. What gives a shiny metal that doesn't have a whole lot of real utility--outside of jewelry and limited industrial use--any kind of real world value? The only reason gold has value is because one day, way back when, long before recorded history, society simply decided that this yellowish precious metal should represent “money.” From that day forward--as that idea spread virally across the globe (or at least the small part of the planet then settled by homo sapiens )--gold came to be worth something in the eyes of the people....

Full article: http://motherboard.vice.com/blog/why-bitcoins-are-just-li...

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netlookup.se 20 Mar '13, 11am

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wired.com 19 Mar '13, 2pm

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brandchannel.com 21 Mar '13, 4pm

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zerohedge.com 21 Mar '13, 12am

But the same question has to be asked of Bitcoin as with any other form of currency. If you hold USD's, in the end, your o...

Sorry, but Bitcoin isn't a 'currency'

Sorry, but Bitcoin isn't a 'currency'

go.bloomberg.com 21 Mar '13, 10pm

Photographer: Stephen Hilger/Bloomberg News. Unlike Bitcoins, real currency can be used to buy stuff. The most recent perm...

Bitcoin is out of control, soaring 57% this week

Bitcoin is out of control, soaring 57% this week

QZ.com 21 Mar '13, 7pm

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wired.com 18 Mar '13, 10am

Charlie Shrem’s Bitcoin ring. Photo: Charlie Shrem. Two weeks ago, Charlie Shrem got hacked and robbed, Bitcoin-style. Cri...

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wired.co.uk 20 Mar '13, 12pm

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Man Selling $405,000.00 Bungalow For BitCoins | | ABC Report | #BitCoin #FUCKfiatCurrency #Revolution

Man Selling $405,000.00 Bungalow For BitCoins |...

abcnews.go.com 22 Mar '13, 12pm

Taylor More is selling his family’s bungalow with an asking price of $405,000 or 5,613 Bitcoins. He would rather have the ...

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...