29 Sep '13, 1am

Bitcoin billionaires - Mumbai Mirror

Bitcoin billionaires - Mumbai Mirror

Stock market is passe. Mumbai's youngsters are investing in an avant garde currency, even as the RBI keeps a close watch. Since graduating in mechanical engineering this June, Sanket Shah hasn't bothered hunting for a job. But that hasn't thrown a spanner in his lifestyle. The 21-year-old resident of Ghatkopar (E) spends his days watching movies, hanging out at coffee joints and partying with his friends. The bills aren't footed by his printing press owner dad and banker mum. "When you hit a certain age, it's awkward to ask your parents for money. Since I graduated, I haven't taken a single penny from them," he says, with pride. The secret to Sanket's self-sustenance lies in Bitcoins - a digital currency launched in 2008 by someone who called himself Satoshi Nakamato. While Nakamato has disappeared since, the Bitcoin has gained in popularity - when it was launched it was w...

Full article: http://www.mumbaimirror.com/others/sunday-read/Bitcoin-bi...

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