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Bitcoin Currency Surpasses 20 National Currencies In Total Value
Velcroman1 writes "More than $1 billion worth of bitcoins now circulate on the web – an amount that exceeds the value of the entire currency stock of small countries like Liberia, Bhutan, and 18 other countries. Bitcoin is in high demand right now — each bitcoin currently sells for more than $90 U.S. — which bitcoin insiders say is because of world events that have shaken confidence in government-issued currencies. 'Because of what's going on in Cyprus and Europe, people are trying to pull their money out of banks there,' said Tony Gallippi, the CEO BitPay.com, which enables businesses to easily accept bitcoins as payment. 'So they buy gold, they put it under the mattress, or they buy bitcoin,' Gallippi said."
Perhaps Bitcoins can be packaged into securities, given a AAA rating, and sold to retirement funds. Win-win!
Sounds a bit like Wall Street.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
As opposed to Wall Street stock exchange computers, which run on hellfire and are cooled by the blood of the innocent.
Forget magic. Any technology distinguishable from divine power is insufficiently advanced.