10 Aug '14, 6pm

"The crack of currencies": Users discuss the truth about Bitcoin addiction

The other complicating factor is nailing down what about Bitcoin might cause addictive behavior. Bitcoin is like money in that one can spend it to buy things that bring them happiness. It’s also like a stock in that the value fluctuates constantly, causing investors to make or lose money at the whims of the market. For miners—the collection of people who buy specialized computer equipment to make the Bitcoin system work—Bitcoin is sort of like a slot machine. Every 10 minutes or so, a miner discovers a new block and reaps the reward of thousands of dollars worth of bitcoins. As it turns out, the Reddit original poster was correct in that Bitcoin is even like a drug. “Oh yeah, there is truth to that,” Fong says. “But it’s a funny statement because you could say the same thing about sex, sports, handbags, a freshly-cut lawn, an ocean view—all those things are naturally rewar...

Full article: http://www.salon.com/2014/08/10/the_truth_about_bitcoin_a...

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coindesk.com 10 Aug '14, 1pm

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twitter.com 14 Aug '14, 10am

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twitter.com 15 Aug '14, 4pm

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