16 Apr '13, 7am

#Bitcoin, a digital currency, may crash but leave a lasting legacy

IN 1999 an 18-year-old called Shawn Fanning changed the music industry for ever. He developed a service, Napster, that allowed individuals to swap music files with one another, instead of buying pricey compact discs from record labels. Lawsuits followed and in July 2001 Napster was shut down. But the idea lives on, in the form of BitTorrent and other peer-to-peer filesharers; the Napster brand is still used by a legal music-downloading service. The story of Napster helps to explain the excitement about Bitcoin, a digital currency, that is based on similar technology. In January a unit of Bitcoin cost around $15 (Bitcoins can be broken down to eight decimal places for small transactions). By the time The Economist went to press on April 11th, it had settled at $179, taking the value of all Bitcoins in circulation to $2 billion. Bitcoin has become one of the world’s hottest ...

Full article: http://www.economist.com/news/finance-and-economics/21576...

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economist.com 18 Apr '13, 4pm

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bloomberg.com 12 Apr '13, 12pm

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businessinsider.com 13 Apr '13, 10pm

IN 1999 an 18-year-old called Shawn Fanning changed the music industry for ever. He developed a service, Napster, that all...

The dazzling rise and fall of the virtual currency Bitcoin

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independent.co.uk 12 Apr '13, 7pm

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usatoday.com 13 Apr '13, 4pm

Bitcoin has become a scorching-hot commodity among speculators. In this April 3, 2013 photo, Mike Caldwell, a 35-year-old ...

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gizmodo.co.uk 15 Apr '13, 9am

Ah digital currency. It’s all in our collective hive-mind right? Coming and going in bits and bytes. Nothing to see here. ...

#bitcoin

#bitcoin

bloomberg.com 16 Apr '13, 1pm

George Frey/Bloomberg There are a little more than 11 million Bitcoins in existence. The software that governs the network...

Watch this!! @FlipFlopyy

Watch this!! @FlipFlopyy

cathaycineplexes.com.sg 18 Apr '13, 12pm

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news.slashdot.org 15 Apr '13, 12am

"Mark Gimein points out that Bitcoing mining uses a lot of power, enough that it is a real world problem : 'About 982 mega...

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gawker.com 14 Apr '13, 9pm

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independent.co.uk 03 Apr '13, 6pm

But this gathering of the London Bitcoiners Group marked the point at which something changed. The point at which one hack...

As Bitcoin virtual currency soars, bubble fears do too: PARIS, April 8 — Some call it the most famous pizza ...

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themalaysianinsider.com 08 Apr '13, 2am

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