| inbluevt | Date: Sunday, 2013/10/13, 1:03 AM | Message # 1 | DMCA |
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When the Silk Road, the internet's biggest marketplace for illegal drugs, was taken down earlier this week, the price of Bitcoin plummeted.
The two were "intrinsically linked", according to Jeremy Cook, chief economist at currency brokers World First, but with Silk Road gone, does
Bitcoin have a future?
What are Bitcoins?
Bitcoins are an anonymous, decentralised, peer-to-peer digital currency.
In contrast to older forms of electronic money, no company controls Bitcoin, nor ever could: all the rules about how it works are embedded into the very operation of trade, including the rate of inflation and how to verify transactions.
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Related story about Silk Road founder's arrest
Message edited by inbluevt - Sunday, 2013/10/13, 1:04 AM |
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