25 Jun '13, 12am

Bitcoin losing shine after hitting the spotlight

Bitcoin losing shine after hitting the spotlight

bitcoin Bitcoin losing shine after hitting the spotlight Devin Coldewey NBC News Facebook Share on Facebook Twitter LinkedIn GooglePlus Email 5 hours ago Casascius Casascius, a bitcoin enthusiast based in Utah, created these "physical bitcoins" as a proof of concept. Each has a unique code that can be used to retrieve a number of bitcoins online. California regulators recently warned a nonprofit organization related to the online "crypto-currency" Bitcoin that it may face charges for unlicensed money transmission. Misunderstanding may lie at the core of the warning, but the bleeding-edge experimental money has seen no end of legal troubles since it started becoming more well-known. In 2010, a Bitcoin user paid 10,000 Bitcoins for a pizza — no doubt a gag purchase made with what were at the time essentially worthless online tokens. Today, those Bitcoins would be worth over ...

Full article: http://www.nbcnews.com/technology/bitcoin-losing-shine-af...

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