11 Oct '13, 5pm

Bitcoin fever: The virtual money everybody may use someday

Bitcoin fever: The virtual money everybody may use someday

When 14-year-old Manix Wolan decided to invest in bitcoins, he thought it was a pretty good idea. "Bitcoins had gone from $5 to $120 in one year," he says, "That would obviously catch the eye of anyone who wanted to make money." His father, Alan Wolan, the author of "Moneyology: A Kid's Guide to Money," also thought bitcoins were a good investment. He had been teaching his son about stocks and investing. He also was a big fan of putting money into gold and silver and found a lot of appeal in the characteristics of this new virtual money. "When I learned about bitcoins I thought it was like electronic gold," he says. Unlike dollars, which are backed by the U.S. government, or euros, which are backed by the European Union, bitcoins are a monetary system outside the control of any one nation. They are entirely digital. You can't hold them like a coin. They are based on comple...

Full article: http://www.deseretnews.com/article/865588139/Bitcoin-feve...

Tweets

As regulators circle Bitcoin, virtual money men ante up for the digital currency

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@humble_mumbles TELL ME NO!

aerosoles.com 12 Oct '13, 8pm

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Dwolla

Dwolla

coindesk.com 10 Oct '13, 9pm

Dwolla has announced it can no longer work with virtual currency exchanges and other bitcoin-related services. The online ...

Is Bitcoin the future of money?

Is Bitcoin the future of money?

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newstatesman.com 15 Oct '13, 9am

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@davidlee

daslee.me 13 Oct '13, 6pm

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runnersworld.com 11 Oct '13, 9pm

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forbes.com 11 Oct '13, 9am

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welt.de 11 Oct '13, 10am

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