“Programmers around the world have been churning out new digital currencies that try to improve on the concept of bitcoin, the hot but controversial virtual money that has swept the Internet. Already, dozens of ideas are jockeying for the market. At last count, a website that tracks the market, coinmarketcap.com, listed 36 so-called crypto-currencies, with names like bitbar, freicoin and cryptogenic bullion, and new ones are being added each month. Collectively, these digital moneys had a recent market value of about $4.3 billion, of which $4.1 billion was from the dominant currency, bitcoin.”

http://dealbook.nytimes.com/2013/11/11/the-rush-to-coin-virtual-money-with-real-value/?_r=1&

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