18 Jun '13, 12pm

How does Bitcoin threaten the global status quo? Learn more at the Bitcoin London conference July 2nd: cc @btclondon

How does Bitcoin threaten the global status quo? Learn more at the Bitcoin London conference July 2nd: cc @btclondon

It could be very, very lucrative. Bitcoin is created by a digital mining process that will release a total of 21 million bitcoins by 2040. Currently, there are around 11 million bitcoins in circulation, valued at a total of around $1.1 billion, which marks an eight-fold rise in value since the beginning of the year. For those chasing a quick win, the rewards may far outweigh the risks. “Bitcoin will hit thousands of dollars per coin,” Erik Voorhees, the founder of Coinapult (who will be at the conference) told The Daily Dot . “The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.”

Full article: http://www.wamda.com/2013/06/how-does-bitcoin-threaten-th...

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