24 Jan '14, 1am

@washingtonpost

It’s referred to as a “cryptocurrency,” or a peer-to-peer electronic payment system whose transactions are encrypted and governed by many users on a public ledger. It’s not regulated or accepted by the government, and yet 0.00553 of a bitcoin will get you a mocha here at Waves Coffee House on Howe Street. So Bitcoin is definitely a thing, but its utility hinges on an agreed-upon fantasy, or at least collective blind faith — which you might also say about traditional banknotes, right? Yes? [Editor’s note: In his freshman-year macroeconomics class, the reporter of this story received a C.] North Vancouver resident Taylor Lewis feeds her credit card to the ATM, whose screen conjures a digital code that represents an amount of a bitcoin. She scans the code with her smartphone and walks away from the machine with a fraction of bitcoin in her virtual possession. Lewis came all t...

Full article: http://www.washingtonpost.com/lifestyle/style/bitcoins-ne...

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This is the world's first Bitcoin ATM:

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Bitcoin entrepreneurs Jackson Warren, left, and Paul Szczesny near their Bitcoin ATM. Bitcoin “sort of frees people to tra...

Bitcoin ATMs will soon be... EVERYWHERE!

washingtonpost.com 25 Jan '14, 2pm

Bitcoin entrepreneurs Jackson Warren, left, and Paul Szczesny near their Bitcoin ATM. Bitcoin “sort of frees people to tra...

Next month:

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Washington Post acquires climate-conspiracy blog

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Bitcoin could be crime-fighter against credit hacks - New York Post

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