05 Jul '13, 4pm

Should you trust Bitcoin? It depends on what you think the virtual currency is for | Jessica

Bitcoin with one of the virtual currency community's slogans There is a future when the City of London really doesn't sleep: Trading still stops on the Stock Exchange at 5 sharp, but the banker doesn't stop. He just switches kit. He checks his bespoke Bitcoin miner humming away on the corner of their desk. 0.6 coins mined this year, not bad. Then he opens up his Bitcoin exchange apps, along with the Google Maps plugin that shows Bitcoin exchange rules for local pubs. The game is on: it's Bitcoin Hour. He runs from bar to bar, prodding live trades of Bitcoins into a touchscreen wrapped round his wrist. He chooses where to go by balancing live prices with the risks of each pub's rules. If he gets stuck at the back of a scrum at a temporarily underpriced bar, the 10-minute rate will revert to something less favourable, and he'll be left drinking slower and at a higher price t...

Full article: http://www.guardian.co.uk/science/political-science/2013/...

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