November 25, 2013 AT 9:36 am

Bitcoin Survival Guide: Everything You Need to Know About the Future of Money

Bitcoin-Illo-660X501

Bitcoin Survival Guide: Everything You Need to Know About the Future of Money @ Wired.

The price of a bitcoin topped $900 last week, an enormous surge in value that arrived amidst Congressional hearings where top U.S. financial regulators took a surprisingly rosy view of digital currency. Just 10 months ago, a bitcoin sold for a measly $13.

The spike was big news across the globe, from Washington to Tokyo to China, and it left many asking themselves: “What the hell is a bitcoin?” It’s a good question — not only for those with little understanding of the modern financial system and how it intersects with modern technology, but also for those steeped in the new internet-driven economy that has so quickly remade our world over the last 20 years.

Learn more.


2120X1192 Adafruit Bitcoin Banner
Adafruit is currently in “soft-launch” of taking bitcoin, so far so good, but it’s still in BETA!

Related

1 Comment

  1. With the unstable value of bitcoins (currently in an inflationary mode) I can see how merchants could profit from accepting them. Of course one would have to check the exchange rate at the instant of purchase to make a fair transaction.
    Until the value of Bitcoins stablize in terms of any one reference currency, I can’t see anyone wanting to actually use them for purchasing goods unless they mined the coins themselves, or had a strong desire to keep the purchase from the eyes of their government or police departments.
    If the exchange rate of Bitcoins does stablize (being at least as stable as the Dollar, Pound, or Yen), it could put a big dent in the fortunes of MasterCard, Visa, and PayPal.

Sorry, the comment form is closed at this time.