07 May '13, 11am

Wary of Bitcoin? A guide to some other cryptocurrencies

Wary of Bitcoin? A guide to some other cryptocurrencies

For all the Bitcoin hype, it's not hard to see that there's a big problem in how bitcoins are actually used. That comes from Bitcoin being both a currency and a commodity in its current guise. Its rise in value has been the thing to make it famous, but that's also the thing that has undermined its usefulness as a currency. But if you're someone who wants to accept bitcoins as part of a business, then having to update your prices every minute isn't necessarily useful -- nor is the worry that deflation might discourage coins from circulating, or the worry that the whole thing could pop without warning.

Full article: http://www.wired.co.uk/news/archive/2013-05/7/alternative...

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