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Sunday, November 27, 2011

Digital Currency: Bitcoin

In Wired: The Rise and Fall of Bitcoin.  A detailed history of this  digital currency concept.  An interesting but sometimes mysterious  idea, that I thought was perilous at the time and I have seen little about since its emergence on '08.   Another  opportunity for criminals.   Not really a complete fall yet. See the Bitcoin site.  More on the Wikipedia site.  There are a number of other sites promoting the idea.

" ... Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency.... "              

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