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24 Dec '12, 9am

Bitcoin Money: Sober Look - 2012 winner for the best performing currency - Mon, 24 Dec 2012 08:57:04: Sober Look…

While the Mexican peso and the Polish zloty had a good year, there was one currency that outperformed them all — by an order of magnitude. That’s no secret to those reading this, but it will be to reader’s of Sober Look (@SoberLook ), a financial blog with a global audience Excerpts: “It’s not issued by a country, nor is it a precious metal or a rare-earth. Bitcoin is an electronic currency that can be exchanged for some goods and services, particularly online. The currency is not controlled by a central bank.” - “For more background on Bitcoins see this story from Wired Magazine (Wikipedia does a terrible job describing this process).” - “Therein lies the flaw of the Bitcoin concept: transaction anonymity attracts illicit activity.” - “So why has the currency tripled this year? A number of rumors have been circulating in the online forums trying to explain the rally.” - “...

Full article: http://www.bitcoinmoney.com/post/38702941928/soberlook-bi...

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