31 Mar '13, 4am

#Bitcoin Hits $1Bn & 11 Million Bitcoins In Circulation: Still Bewildering A Whole Generation Of Economists

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year, set a new record for itself yesterday afternoon as the price listed on the largest online exchange rose past US $92. With nearly 11 million Bitcoins in circulation*, this sets the total worth of the currency just over one billion dollars. For a bit of perspective, that's how much Facebook spent on its acquisition of Instagram last April. But Bitcoin is not a company. It's a digital currency that runs on a global peer-to-peer network without the backing of a nation or any other central authority. The recent ascent has traditional economists scratching their heads. “It’s something of a mystery that Bitcoin has a positive value at all since it wasn’t launched in the way a new currency is typically launched,” says Lawrence White , an economist who teaches...

Full article: http://spectrum.ieee.org/tech-talk/computing/networks/bit...

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spectrum.ieee.org 30 Mar '13, 5pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Remember this name: Bitcoin Hits $1B ... ... Th...

spectrum.ieee.org 31 Mar '13, 12am

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin Hits $1 Billion

spectrum.ieee.org 29 Mar '13, 10pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Bitcoin Hits $1 Billion

spectrum.ieee.org 29 Mar '13, 3pm

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

#Bitcoin Hits $1 Billion via @IEEESpectrum

spectrum.ieee.org 30 Mar '13, 12am

Bitcoin , the world's first open source cryptographic currency , which has been on a tear since the beginning of this year...

Total Bitcoin value passes $1 billion

theverge.com 30 Mar '13, 6pm

The combined value of all Bitcoins in circulation surpassed $1 billion this Thursday, as the exchange rate for each indivi...

Bitcoin Hits $1 Billion (Morgen Peck/IEEE Spect...

techmeme.com 30 Mar '13, 12pm

— Bitcoin, the world's first open source cryptographic currency, which has been on a tear since the beginning of this year...

'Challenging the dollar': #Bitcoin total value top $1 billion

'Challenging the dollar': #Bitcoin total value ...

rt.com 31 Mar '13, 1pm

Bitcoins are vulnerable to being stolen by hackers, thieves and fraudsters, though the Bitcoin community has made efforts ...

BREAKING: BITCOIN HITS $100

businessinsider.com 01 Apr '13, 2pm

The digital currency Bitcoin just hit $100. The coins have been on a gigantic tear, as you can see only recently they were...

Bitcoin Hits $1 Billion: The total worth of the virtual currency has reached a new high. Economists are mystif...

Bitcoin Hits $1 Billion: The total worth of the...

spectrum.ieee.org 02 Apr '13, 5pm

Bitcoin , the world’s first open-source cryptographic currency , which has been on a tear since the beginning of this year...

Brilliant Programmer Robert McNally Explains What Bitcoin Really Is

Brilliant Programmer Robert McNally Explains Wh...

businessinsider.com 01 Apr '13, 11am

Some former gold bugs certainly think so. And it's value has skyrocketed in recent months. Last week, Bloomberg .com colum...

Bitcoin Hits $101 - Doubles Since Cyprus

zerohedge.com 01 Apr '13, 2pm

I don't think the majority of ZH readership is opposed to the idea of bitcoins (crypto-currency not directly created by th...

Total value of Bitcoin surpasses $1B

Total value of Bitcoin surpasses $1B

slashgear.com 30 Mar '13, 9pm

The total value of the P2P currency, Bitcoin, has surpassed $1 billion. On Thursday, the exchange rate for the currency su...

What The Rise Of Bitcoin Teaches Us About Money

What The Rise Of Bitcoin Teaches Us About Money

businessinsider.com 01 Apr '13, 9am

Decentralization could be both good and bad for Bitcoin. I think there’s a certain missing element of trust in an online m...

Bitcoin Is Now a Billion Dollar Industry

Bitcoin Is Now a Billion Dollar Industry

theatlanticwire.com 29 Mar '13, 1am

A tremendous thing happened in the weird world of bitcoin on Thursday. For the first time in the currency's history, the t...