24 Oct '13, 1pm

Visualizing Bitcoin's Amazingly Fast Spread Around The World

Bitcoin, the global digital cryptocurrency that isn’t tied to any central banking authority, has spread like wildfire around the world. Because it allows for anonymity, much of its rise has been linked to illegal activities, such as on the shuttered drug marketplace Silk Road, and its value has been tied to speculators who ratchet up demand. But Bitcoin is also starting to be accepted as a mainstream form of payment for U.S.-centric sites like OkCupid and Wordpress. Last week, even China’s web giant Baidu said it would start accepting Bitcoin payments for a firewall security service it sells. (Bitcoin demand has been growing rapidly in China in recent months, according to Wired ). As Bitcoin use grows, it’s fascinating to track where in the world Bitcoin is becoming popular. That’s exactly what John Nelson , a data visualization expert and cartographer at IDV Solutions dec...

Full article: http://www.fastcoexist.com/3020559/visualized/visualizing...

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