21 May '13, 1pm

Why won’t Bitcoin die?

Why won’t Bitcoin die?

There’s now $45 million of Bitcoin activity per day, and it’s made some people rich . Wealth circulated around the conference in the form of casual Bitcoin bets, 100-dollar bills being fed into Bitcoin ATMs, and at least one couture-wrapped girlfriend. "If I were you, I’d buy as many Bitcoins as possible before the end of the conference," Cedric Dahl, one of the founders of the Bitcoin exchange Buttercoin, told me, hinting that the price would skyrocket again because of all the attention on the conference; CNN, Russia Today, Vice , and Thomson Reuters were among the media in attendance. That hasn’t happened. As of Tuesday morning, the price of a Bitcoin was steady around $120. That’s still astonishingly high for a currency that relies on a stack of arcane code and a network of anonymous helpers in lieu of a central government. Actually, it’s astonishing that Bitcoin is sti...

Full article: http://www.theverge.com/2013/5/21/4348064/why-wont-bitcoi...

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