18 Jul '13, 11am

Bitcoin in New York: 3 takeaways from open air trading

Bitcoin in New York: 3 takeaways from open air trading

People gather every Monday evening in New York’s Union Square to buy and sell the crypto-currency known as Bitcoin. Flashing cash and smartphones, men make trades worth thousands of dollars in a nook of the park they call Satoshi Square. The scene is like an open-air trading floor and, indeed, participants liken themselves to the men who hatched New York’s first stock exchange under a buttonwood tree in 1792. Similar gatherings have taken place in London and an inaugural one will take place in Toronto next week. What gives? While the economic appeal of Bitcoin is easy to understand — it’s not tethered to a central bank and can be traded at low or zero cost — it’s not clear if the currency has a place in everyday life. To get a better idea, I paid $96 this week to buy my first Bitcoin and went to Satoshi Square. Here’s a short summary of what I saw, some pictures and three ...

Full article: http://gigaom.com/2013/07/18/bitcoin-in-new-york-3-takeaw...

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Bitcoin's Open-Air Trading Floor - Businessweek...

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People gather every Monday evening in New York’s Union Square to buy and sell the crypto-currency known as Bitcoin. Flashi...

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businessweek.com 18 Jul '13, 6pm

People gather every Monday evening in New York’s Union Square to buy and sell the crypto-currency known as Bitcoin. Flashi...

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