Bitcoin - Monetarists Anonymous - After a spectacular crash, an online currency makes a surprising comeback #economist

Bitcoin: Monetarists Anonymous

economist.com 04 Oct '12, 5pm

Bitcoin - Monetarists Anonymous - After a spectacular crash, an online currency makes a surprising comeback #economist

“GIVE me control of a nation’s money supply, and I care not who makes its laws.” So said Mayer Amschel Rothschild, founder of the Rothschild banking dynasty. What would he make of Bitcoin, an online currency with no issuing authority whatsoever? Despite being written off following a speculative bubble and crash last year, the online cryptocurrency is still going strong, not least thanks to its ability to circumnavigate the law. Bitcoin was devised in 2009 by a mysterious figure known as Satoshi Nakomoto. It is the world’s first, and so far only, decentralised online currency. Instead of a central bank, Bitcoins can be issued by anyone with a powerful personal computer: it mints them by solving extremely difficult mathematical problems. The problems are automatically made harder to ensure that the overall supply of Bitcoins cannot grow too fast. They are traded online, with...

Full article: http://www.economist.com/node/21563752

Tweets

@Generation_1991 » 15 Oct '12, 10am
RT @studiozeitgeist: Bitcoin - Monetarists Anonymous - After a spectacular crash, an online currency makes a surprising comeback [link] #economist
@waspoza » 11 Oct '12, 4pm
@vonWolfehaus @johnrobb #bitcoin is alive and kicking [link]
@tryreason » 11 Oct '12, 12pm
Bitcoin bounces back after bubble burst. [link]
@GamingCounsel » 10 Oct '12, 9am
#Bitcoin: Monetarists Anonymous [link] #currencies #economist via @TheEconomist
@plidstone » 09 Oct '12, 11am
very interesting article on the the state of bitcoin and alternative currencies [link] #ecomomist
@KBCEquitas » 09 Oct '12, 8am
Annak ellenére, hogy a tavalyi évben a kipukkanást követően sokan leírták az online fizetőeszközt, a Bitcoin mégis... [link]
@flochan3 » 09 Oct '12, 7am
The future of digital payments? #bitcoin #dontudarehackmyacct #suckitpaypal [link]
@FrikMaartens » 08 Oct '12, 2pm
RT @EconBizFin: RT @EconBizFin: #Bitcoin has recovered. One unit now costs $12, and the volume of transactions is increasing [link]
@ferran_es » 08 Oct '12, 7am
Un artículo interesante sobre una moneda alternativa: BitCoin. [link]
@rikthekirk » 06 Oct '12, 9pm
Another tasty @TheEconomist nugget: an update on the wacky, weird and persistently thriving world of Bitcoin: [link]
@FreedPlanet » 05 Oct '12, 2pm
Bitcoin: Monetarists Anonymous | The Economist [link] #internet #currency #investments #gold #trading #hackers #tpot #teaparty
@bursaar » 05 Oct '12, 8am
RT @foundinice: RT @foundinice: Bitcoin's surprising comeback: [link]
@beenorgone » 04 Oct '12, 5pm
"Bitcoin - The virtual gold #fb"( [link] )
@globalEDGEmsu » 04 Oct '12, 5pm
After a spectacular crash, #Bitcoin makes a surprising comeback: [link] ~mk
@studiozeitgeist » 12 Oct '12, 11am
Bitcoin - Monetarists Anonymous - After a spectacular crash, an online currency makes a surprising comeback [link] #economist
@JoshGuest » 08 Oct '12, 10pm
Bitcoin: Monetarists Anonymous [link]
@jseidmanzager » 08 Oct '12, 12pm
#Bitcoin makes a comeback [link]

Bitcoin: Monetarists Anonymous

Bitcoin - Monetarists Anonymous - After a spectacular crash, an online currency makes a surprising comeback #economist

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