For interest only:
While the bitcoin doesn't evoke much interest here, it seems worthwhile to have some basic understanding of the concept as there are currently 1.2 billion bitcoins in circulation.
This article is an overview.Decoding Bitcoin - Zachary Warmbrodt - POLITICO.com
Wikipedia has a more involved explanation as well as a history and some "expert" financial views of the concept/investment.
The coming days and weeks are expected to see a number of exploratory court cases that may determine the future (which is finite in the year 2140).
While the bitcoin doesn't evoke much interest here, it seems worthwhile to have some basic understanding of the concept as there are currently 1.2 billion bitcoins in circulation.
This article is an overview.Decoding Bitcoin - Zachary Warmbrodt - POLITICO.com
Wikipedia has a more involved explanation as well as a history and some "expert" financial views of the concept/investment.
The coming days and weeks are expected to see a number of exploratory court cases that may determine the future (which is finite in the year 2140).
The relative anonymity of the tranactions may have tax implications.Brito, who next week will publish a Bitcoin primer for policymakers, estimates there are hundreds of thousands of people using the cryptocurrency and that they fall into three main groups: tech early adopters, entrepreneurs, venture capitalists and speculators, and politically motivated types who like the fact it is not controlled by a government.
“Like the Internet of the 1980s, the ecosystem is both young and highly technical,”said Charles Hoskinson, Director of the Bitcoin Education Project. “The users currently are mostly from Western European and North American countries and under 40. Most have college degrees or some university education. And most are fairly comfortable with using computers and the Internet. Over time we expect to see enormous growth in countries with unstable economies and poor financial services sectors such as Zimbabwe.”
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