25 Nov '13, 12pm

Bitcoin Survival Guide: Everything You Need to Know About the Future of Money

Illustration: T.A. Gruneisen/WIRED The price of a bitcoin topped $900 last week, an enormous surge in value that arrived amidst Congressional hearings where top U.S. financial regulators took a surprisingly rosy view of digital currency . Just 10 months ago, a bitcoin sold for a measly $13. The spike was big news across the globe, from Washington to Tokyo to China, and it left many asking themselves: “What the hell is a bitcoin?” It’s a good question — not only for those with little understanding of the modern financial system and how it intersects with modern technology, but also for those steeped in the new internet-driven economy that has so quickly remade our world over the last 20 years. The spike was big news across the globe, from Washington to Tokyo to China, and it left many asking themselves: ‘What the hell is a bitcoin?’ Bitcoin is a digital currency, meaning it...

Full article: http://www.wired.com/wiredenterprise/2013/11/bitcoin-surv...

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Illustration: T.A. Gruneisen/WIRED The price of a bitcoin topped $900 last week, an enormous surge in value that arrived a...

Bitcoin survival guide

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