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Online-Only Currency BitCoin Reaches Dollar Parity

Posted by ryuzaki0 on from the computationally-intensive dept.

IamTheRealMike writes "The BitCoin peer to peer currency briefly reached exchange parity with the US dollar today after a spike in demand for the coins pushed prices slightly above 1 USD:1 BTC. BitCoin was launched in early 2009, so in only two years this open source currency has gone from having no value at all to one with not only an open market of competing exchanges, but the ability to buy real goods and services like web hosting, gadgets, organic beauty products and even alpaca socks."

3 of 517 comments (clear)

  1. In other words by Monkeedude1212 · · Score: 4, Funny

    The US Dollar will soon be worthless?

    *ducks*

    1. Re:In other words by Anonymous Coward · · Score: 4, Funny

      The differences between the US and Zimbabwe are that the US is the world's #1 economy, the US is a center of innovation, the US preserves inalienable rights. Because of the faith and credit of the US, we can basically print as much money as we like.

  2. Obvious question by skine · · Score: 5, Funny

    Do alpacas really wear socks?