12 Jul '13, 5pm

Newlyweds fund Kickstarter campaign to spend first months of marriage living on bitcoin

Newlyweds Austin and Beccy Craig will spend the first part of their married life living only on bitcoin. The couple is getting married today. As soon as they return from their honeymoon, they will say goodbye to cash and credit cards and attempt to use bitcoin for everything, including rent, food, bills, and transportation. Bitcoin is a form of digital currency that uses decentralized peer-to-peer technology to manage transactions and validate payments. It is not backed by any government and organization and the value is volatile, subject to malware, phishing, and DDoS Attacks. The tech community is excited about the opportunities with bitcoin, but the currency is far from mainstream. Living on bitcoin alone would be a challenge for someone living in the heart of Silicon Valley, much less a young couple from Provo, Utah, but that is what the Craigs are trying to do. Austin...

Full article: http://venturebeat.com/2013/07/12/newlyweds-fund-kickstar...

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