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Topic: 2013-03-29 Fox News "Digital 'bitcoin' currency surpasses 20 national curren..." (Read 1178 times)

hero member
Activity: 868
Merit: 1002
Quote
Instead, the currency is run by computer code that distributes new bitcoins at a set rate to people who devote web servers to keep the code running. The bitcoins are then bought and sold for regular U.S. dollars online.

That's actually surprisingly close. How far we've come. All these new media stories sound positive.

Web servers? Running Apache mod_bitcoin, I'm sure...
Much better than saying they are rewards for arbitrary math problems. They seem to have some kind of clue as to what's going on.
legendary
Activity: 1512
Merit: 1036
Quote
Instead, the currency is run by computer code that distributes new bitcoins at a set rate to people who devote web servers to keep the code running. The bitcoins are then bought and sold for regular U.S. dollars online.

That's actually surprisingly close. How far we've come. All these new media stories sound positive.

Web servers? Running Apache mod_bitcoin, I'm sure...
cho
full member
Activity: 155
Merit: 100
Boar with me
Number 2 in Trending Now !!
hero member
Activity: 868
Merit: 1002
Quote
Instead, the currency is run by computer code that distributes new bitcoins at a set rate to people who devote web servers to keep the code running. The bitcoins are then bought and sold for regular U.S. dollars online.

That's actually surprisingly close. How far we've come. All these new media stories sound positive.
legendary
Activity: 1078
Merit: 1003
Oh lawdy.  Bitcoin on Fox?

Now I know it's the end of the world.
full member
Activity: 210
Merit: 100
Number 6 on the trending list, this is going well.
http://www.foxnews.com/trending/
hero member
Activity: 518
Merit: 500
http://www.foxnews.com/tech/2013/03/29/digital-currency-bitcoin-surpasses-20-national-currencies-in-value/

Quote
More than $1 billion dollars worth of a digital currency known as "bitcoins" now circulate on the web – an amount that exceeds the value of the entire currency stock of small countries like Liberia (which uses “Liberian dollars”), Bhutan (which uses the “Ngultrum”), and 18 other countries.

Eww. I visted Fox News' website. I feel dirty in a way that now amount of showering can make better.
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