01 Jul '13, 2pm

Bitcoin: how I made a virtual fortune

About a year ago I bought 30 Bitcoins, the online peer-to-peer crypto-currency, for about £3 each using a European website called Bitstamp.net . Bitcoins appealed to my inner crypto-anarchist and I felt they had great potential. Unlike real money, they are decentralised and transactions are free; no bank in the middle taking their slice and nothing central to fail. Anyway, I forgot about them, and nine months on, in March this year, I saw some news about how their price was sky rocketing. I was amazed to find that my £100 investment was now worth over £2,000. This got me interested. I dived back into the crypto-coin world and started to learn everything I could about them. I discovered that there were now many other crypto-coins too such as Litecoins, a sister crypto-currency to Bitcoins, and I began trading them on the exchange BTC-E.com. I also read up on things like the...

Full article: http://www.guardian.co.uk/technology/blog/2013/jul/01/bit...

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