17 Apr '13, 8am

Does new online currency #Bitcoin create a perfect economy - or is it a magnet for criminals?

Continue reading the main story Currency or commodity? Bitcoin's recent volatility has prompted several commentators to claim the innovation should be viewed as a kind of commodity rather than a new type of cash. Like a commodity Bitcoin is not controlled by a government or central bank. Furthermore, although new units are still being produced, the system is designed to max out at 21 million Bitcoins in about 30 years time. Just as the limited amount of gold in the ground affects the precious metal's value, so too is Bitcoin's value influenced by this artificially imposed cap. That poses a potential problem because the amount of things Bitcoins can be used to buy are increasing. As a result, it is said, Bitcoin suffers from a deflationary bias: each unit should be able to buy more goods in the future than it can today - the opposite of how currencies normally work. This cr...

Full article: http://www.bbc.co.uk/news/technology-22152213?ocid=social...

Tweets

BBC News - Bitcoin: Dawn of a new currency or d...

bbc.co.uk 16 Apr '13, 11pm

Continue reading the main story Currency or commodity? Bitcoin's recent volatility has prompted several commentators to cl...

Bitcoin challenges the status quo: The activist...

bbc.co.uk 16 Apr '13, 11pm

Continue reading the main story Currency or commodity? Bitcoin's recent volatility has prompted several commentators to cl...

Bitcoin challenges the status quo

bbc.co.uk 16 Apr '13, 11pm

Continue reading the main story Currency or commodity? Bitcoin's recent volatility has prompted several commentators to cl...

OKCupid says it will accept Bitcoin, as currenc...

arstechnica.com 16 Apr '13, 3pm

Sadly, you can't spend actual bitcoins like these (non-digital ones) for your online dating profile. CASASCIUS On Tuesday,...

Bitcoin, the New Decentralized Digital Currency...

openculture.com 15 Apr '13, 6pm

They sound like something out of science fiction, but Bitcoins are getting just a little bit more real every day. They’re ...

The dazzling rise and fall of the virtual currency Bitcoin

The dazzling rise and fall of the virtual curre...

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

For Tyler Winklevoss and his twin brother Cameron, whose legal feud with Mark Zuckerberg over the origins of Facebook was ...

Bitcoin hacker currency bursts into mainstream

news.yahoo.com 10 Apr '13, 10pm

LONDON (AP) — With $600 stuffed in one pocket and a smartphone tucked in the other, Patricio Fink struck a deal that's joi...

Bitcoin bursts: Hacker currency gets wild ride

news.yahoo.com 11 Apr '13, 6pm

LONDON (AP) — It's a promising form of electronic cash free from central bankers and beloved by hackers. It — Bitcoin — ma...

Bitcoin, still not a currency. And now crashing.

Bitcoin, still not a currency. And now crashing.

go.bloomberg.com 11 Apr '13, 2pm

Photographer: Susana Gonzalez The U.S. twenty-dollar bill: A widely accepted tool for everyday transactions. Last month, I...

Bitcoin is not a real currency, just some 21st-century cowrie shells: The 'cryptocurrency' has more in common

Bitcoin is not a real currency, just some 21st-...

guardian.co.uk 10 Apr '13, 9pm

The rollercoaster ride of Bitcoin 's valuation has, after a couple of months of being pulled up the roller, hit the "coast...

#Bitcoin is attracting attention as a wildly vo...

online.wsj.com 18 Apr '13, 10am

Norman Vialle, a 53-year-old car dealer in Kansas, invested in his share of winners and losers during the Internet bubble ...

Bitcoin Crash Spurs Race to Create New Exchanges

cnbc.com 11 Apr '13, 1pm

The rush to build a more reliable exchange for the virtual currency bitcoin is under way after another price crash on Wedn...

Bitcoin

Bitcoin

economist.com 12 Apr '13, 8am

BITCOIN, the world’s “first decentralised digital currency”, was launched in 2009 by a mysterious person (or persons) know...

Bitcoin Is No Longer a Currency

Bitcoin Is No Longer a Currency

theatlantic.com 11 Apr '13, 9pm

But what if you can't print more money? Then the hoarding feeds on itself. With a normal currency, say the dollar, the pri...

#Bitcoin Rises: Digital currency beats paper

youtube.com 11 Apr '13, 9am

Imagine having money that's free from government control, safe from haircuts and decentralized. There is such a thing - an...