19 Nov '12, 10am

Old School Miners On #Bitcoin: A digital currency alternative breaks through by @michaelmccrae #mining #payments

Old School Miners On #Bitcoin: A digital currency alternative breaks through by @michaelmccrae #mining #payments

While some are harkening to gold as a hedge against the breakdown of banknotes, another currency alternative, Bitcoin, just received a big leg up this week when a major software vendor started accepting payment using decentralized digital coins. WordPress.com, the company that leads development of the world's most popular blogging system on the internet, announced on Thursday that it is now accepting payments with Bitcoins, probably the largest company to do so . The company decided to accept Bitcoins since traditional payment systems were limiting its reach : PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions. Some are blocked for political reasons, some because of higher fraud rates, and some for other financial reasons. Whatever the reason, we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should...

Full article: http://www.mining.com/a-digital-currency-alternative-brea...

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Bitcoin – Open Source P2P Digital Currency

Bitcoin – Open Source P2P Digital Currency

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