“Depending on whom you ask, bitcoins are a goofy geek invention with as much long-term value as Monopoly money — or a technology development that could transform currency the way e-mail and texting have transformed correspondence. A type of digital cash, bitcoins were invented in 2009 and can be sent directly to anyone, anywhere in the world. You don’t have to go through a financial institution, which means no fees and no one tracking your spending habits. With a current market capitalization of $1 billion, bitcoins are beginning to be more widely accepted. You can use them to pay for a pizza or [finance] your child’s college education.”
Related posts:
WTC memorial magnificent, but at a steep price
JPMorgan CEO Jamie Dimon to Analyst: 'That's Why I'm Richer Than You'
‘We can do this without Congress’: Obama to unilaterally impose cell phone tax
Merkel calls Obama about 'US spying on her phone'
Donald Trump eyeing ‘building swap’ for FBI headquarters
Winston Churchill’s shocking use of chemical weapons
Government claims small gold miners won't be affected by mercury ban
Professor in Jesus-stomping controversy reinstated, will teach online courses
New surveillance technology tracks everyone in an area for hours
Bitcoin In IRS Crosshairs, Says Government Report
Police Officer Arrests Firefighter At Accident Scene In California
On 'Intellectual Property' and Pot
Keurig Founder Loses $144M In Minutes As Shares Crash
Ex-police officer pleads guilty in murder-for-hire scheme
Botched Kim Dotcom case spurs New Zealand to allow domestic spying