29 Mar '13, 1pm

Expensify Brings Bitcoin to Main Street #EndtheFed #tlot #RonPaul #bitcoin #Cyprus

Expensify Brings Bitcoin to Main Street #EndtheFed #tlot #RonPaul #bitcoin #Cyprus

Paul Ford writes eloquently in this week’s Bloomberg Businessweek on the rise of Bitcoin, the “media-friendly, anarchist crypto-currency ” whose value jumped as the European financial crisis landed on the doorstep of Cyprus’s banking system. For the unfamiliar, Bitcoin is a form of virtual cash that’s made secure by complex computations (that’s the crypto part) and isn’t backed by any government (the anarchistic aspect). To Ford, Bitcoin is an “excellent indicator of anxiety,” often most popular with those who’ve lost trust in the world’s monetary institutions. But the virtual currency may have another thing going for it: practicality. Yes, Bitcoin can be difficult to wrap your head around, and it’s not the best solution for buying a quart of milk. But for fast, no-fee money transfers, it can’t be beat. That’s the point recently made by Expensify , a four-year-old company ...

Full article: http://www.businessweek.com/articles/2013-03-29/expensify...

Tweets

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thenextweb.com 27 Mar '13, 3pm

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thenextweb.com 27 Mar '13, 3pm

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falkvinge.net 28 Mar '13, 9am

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theverge.com 27 Mar '13, 3pm

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genbeta.com 27 Mar '13, 7pm

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