29 Mar '13, 8pm

As Bitcoin Becomes Billion Dollar Market America Moves For Crackdown from @firedoglake

The bitcoin market has officially crossed the billion dollar mark. It was a mere two years ago that bitcoins were introduced as an alternative currency to those controlled by States. Bitcoins are decentralized and digital using peer to peer technology – a truly free market. Hang around in the tech industry long enough and you or someone you know will be heard saying, “that’s so crazy it just might work.” Two years ago, if you’d have told me that an open-source, P2P currency would soon be a thriving, billion-dollar market, I would’ve told you that you were on a lonely bus headed to CrazyTown, U.S.A. But today, Bitcoin officially became a crazy idea that’s actually working. Today, all the Bitcoin in circulation — some 10.9 million of them — have collectively crossed the billion-dollar mark. As it is wont to do, the value of Bitcoin (and its exchange rate) has fluctuated wild...

Full article: http://news.firedoglake.com/2013/03/29/as-bitcoin-becomes...

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28 March 2013 Last updated at 11:07 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

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bbc.co.uk 28 Mar '13, 11am

28 March 2013 Last updated at 11:07 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...