30 Dec '13, 7am

Bitcoin a Bit Useful - Guardian Express

Reporting and editorials fall on both sides of the debate surrounding the Bitcoin, the virtual currency based on a peer-to-peer payment network and digital cryptography, with some for and some against. Proponents state that bitcoin transactions are quick, easy, and virtually devoid of transaction fees and point to the rapid climb in the virtual currency’s value, which has almost quadrupled in a matter of months. Opponents argue that the lack of backing, whether by precious metal or the word of a governmental body is a sure recipe for price instability. Pointing to the December 18th dive in bitcoin value, seemingly driven by the Chinese government’s restriction on lending institutions regarding bitcoin transactions, economists and financial experts warn that the cryptocurrency is teetering on the brink of failure. Outside of the discussion, however, is the increase of the n...

Full article: http://guardianlv.com/2013/12/bitcoin-a-bit-useful/

Tweets

Here's the answer to why Bitcoin has value.

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