Topic: Bitcoin, the City traders' anarchic new toy (Read 445 times)
Horribly out of date, and should probably be moved to Press or deleted if it's already been posted there.
Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.
Unlike conventional fiat money and other digital currencies, Bitcoin runs through a peer-to-peer network, independent of central control. Bitcoins are currently worth $4.88 each on online currency exchanges, where they can be bought and sold for about 15 world currencies.
Any where there is money to be made ... the banks are already there
http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401
Unlike conventional fiat money and other digital currencies, Bitcoin runs through a peer-to-peer network, independent of central control. Bitcoins are currently worth $4.88 each on online currency exchanges, where they can be bought and sold for about 15 world currencies.
Any where there is money to be made ... the banks are already there
http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401
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