28 Jul '13, 7am

With catchy cachet, bitcoins become topic of currency - Las Vegas Review-Journal #bitcoin

With catchy cachet, bitcoins become topic of currency - Las Vegas Review-Journal #bitcoin

Bitcoin enthusiasts are talented with similes. Using bitcoin? It’s like being an airplane passenger. You don’t have to understand the technology to fly. Mining bitcoin? It’s like rolling dice. Eventually you’ll get a winning combination. Keeping the system honest? It’s like baseball. If one player calls a foul ball fair, the other players can ignore him. Enthusiasts rely on comparisons because bitcoin can be a difficult concept to grasp and it is unlike anything non-users have seen. Bitcoin can’t really be seen: It’s a decentralized digital currency that exists solely online. Users laud the invisible currency because it’s cryptographically secure, anonymous, doesn’t require bank accounts, can be sent instantly and inexpensively, and is not regulated by any organization or government agency. Bitcoins don’t belong to any nation and are mathematically immune to inflation. It’...

Full article: http://www.reviewjournal.com/business/money-investing/cat...

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