28 Mar '13, 7pm

An optimistic theory of Bitcoin as a 'hedge against the entire global currency system'

Businessweek has a thoughtful and well-written defense of Bitcoin , the open source virtual currency that approximates cash on the internet. Writer and programmer Paul Ford points out that the Bitcoin experiment, so far, is working: it's actually being exchanged as money, and the underlying technology has proved "to be impeccable and completely functional." He makes a persuasive point that Bitcoin is "no more arbitrary than derivatives or credit default swaps." At the time of this writing, a single Bitcoin is being traded for $91.67 USD (although The Economist , at least, expects the bubble will pop soon ). Unfortunately, Ford also repeats the unsubstantiated claim that Bitcoin's meteoric price rise was sparked by fears over the Cyprus banking crisis . Data from Mt. Gox, which handles 76 percent of the Bitcoin currency trading in the world and essentially sets the market p...

Full article: http://www.theverge.com/2013/3/28/4157796/an-optimistic-t...

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mobile.businessweek.com 28 Mar '13, 10am

Bitcoin May Be the Global Economy's Last Safe Haven By Paul Ford March 28, 2013 6:00 AM EDT One of the oddest bits of news...

Bitcoin May Be the Global Economy's Last Safe Haven

Bitcoin May Be the Global Economy's Last Safe H...

businessweek.com 28 Mar '13, 10am

One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitc...

There’s nothing to trust but math." - @ftrain o...

businessweek.com 29 Mar '13, 2am

One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitc...

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maxkeiser.com 31 Mar '13, 3am

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techcrunch.com 29 Mar '13, 4am

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huffingtonpost.com 29 Mar '13, 6pm

Actually, Cypriots would disagree with you today. Lots of people can't move their toxic euros anymore. People are jumping ...

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medium.com 03 Apr '13, 1pm

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#Bitcoin exchange faces #DDoS, even as the digital currency surges (by @Johnribeiro)

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computerworld.com 29 Mar '13, 10am

IDG News Service - Bitcoin exchange Mt. Gox faced a distributed denial-of-service attack late Thursday, at a time the digi...

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pcworld.com 29 Mar '13, 1pm

Bitcoin exchange Mt. Gox faced a distributed denial-of-service attack late Thursday, at a time the digital currency is see...

Major Bitcoin exchange slammed with denial of s...

pcworld.com 29 Mar '13, 2pm

Bitcoin exchange Mt. Gox faced a distributed denial-of-service attack late Thursday, at a time the digital currency is see...

Major Bitcoin exchange slammed with denial of s...

pcworld.com 29 Mar '13, 1pm

Bitcoin exchange Mt. Gox faced a distributed denial-of-service attack late Thursday, at a time the digital currency is see...

Bitcoin Obliterates "The State Theory Of Money"

forbes.com 03 Apr '13, 5pm

Denniger’s third criticism that bitcoin exhibits irreversible entropy is confusing. Typically, entropy refers to a measure...

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news.slashdot.org 29 Mar '13, 5pm

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foxnews.com 29 Mar '13, 3pm

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@Xursian For currency use the view helper: numb...

api.rubyonrails.org 29 Mar '13, 9pm

Provides methods for converting numbers into formatted strings. Methods are provided for phone numbers, currency, percenta...