21 Aug '13, 1pm

Five surprising facts about Bitcoin

Five surprising facts about Bitcoin

Inflation and capital controls have helped make Bitcoin popular in Argentina. (Photo by Beatrice Murch ) This has been a big year for Bitcoin. At the start of the year, interest in the virtual currency was largely limited to technology buffs. Then the price rose more than 10-fold, prompting regulators, investors and the general public to take a closer look. To help policymakers get up to speed, the Mercatus Center, a libertarian think tank, has published a new primer on the technical, economic and legal issues raised by the currency. Here are five of the most interesting observations that the authors, Jerry Brito and Andrea Castillo, make about Bitcoin: Bitcoin isn’t exactly anonymous It’s common to describe Bitcoin as anonymous currency, but Brito and Castillo argue that this is a misunderstanding of how Bitcoin works. True, you don’t have to provide identifying informati...

Full article: http://www.washingtonpost.com/blogs/the-switch/wp/2013/08...

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