Wednesday, February 20, 2013

An Alternative to Modern Money of a Bad Joke? (GIZMAG)

300 million dollars out of thin air: Bitcoin turns four and approaches $30 value
This could turn out to be one of the most remarkable stories of our era – or one of the biggest scams in human history. Bitcoin, the anonymous digital currency, is more than four years old now, and a single bitcoin has gone from being worth literally nothing in 2009 to being worth nearly US$30 at current market values. Here's a quick primer on the Bitcoin system, how some anonymous programmers managed to create 300 million dollars out of thin air, what you can do with bitcoins, and a few words of warning.
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