10 Dec '13, 5pm

Could Bitcoin replace PayPal?

Bitcoin is an experimental digital crypto-currency unregulated by a central bank where its value -- like many real-world currencies -- is determined by how much people are willing to use it. Here, software engineer Mike Caldwell of Sandy, Utah holds physical Bitcoins he minted in his shop in April this year. Producing Bitcoins or "mining" them is the end product of a computer solving a complex mathematical problem creating one new block of 25 Bitcoins. The difficulty of the equations gets harder as each problem is solved to stabilize how many Bitcoins are released into the eco-system. But the Bitcoin algorithm is limited. It has already been determined that only 21 million Bitcoins can ever be mined. At present an estimated 11 million Bitcoins have been released into the market. If you haven't got the math skills or supercomputer to mine for Bitcoins, adopters can acquire ...

Full article: http://edition.cnn.com/2013/12/10/business/will-bitcoin-r...

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Can Bitcoin replace PayPal?:

edition.cnn.com 10 Dec '13, 3pm

Bitcoin is an experimental digital crypto-currency unregulated by a central bank where its value -- like many real-world c...

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PayPal president on Bitcoin: 'I don't think it is a currency' by

PayPal president on Bitcoin: 'I don't think it ...

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news.cnet.com 10 Dec '13, 2pm

PayPal President David Marcus at LeWeb (Credit: Stephen Shankland/CNET) PARIS -- Online payments will look completely diff...

PayPal president David Marcus: Bitcoin is good,...

news.cnet.com 10 Dec '13, 2pm

PayPal President David Marcus at LeWeb (Credit: Stephen Shankland/CNET) PARIS -- Online payments will look completely diff...

Buy Bitcoin with Paypal

Buy Bitcoin with Paypal

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Bitcoin

Bitcoin

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