The Future of Cryptocurrencies

Posted by Soulskill on Wednesday March 12, 2014 @07:35AM from the start-mining-Americoins-and-Mexicoins-and-Coinadas dept.

kierny writes "Today, Bitcoin, tomorrow, the dollar? Former Central Intelligence Agency CTO Gus Hunt says governments will learn from today's crypto currencies and use them to fashion future government-protected monetary systems. But along the way, expect first-movers such as Bitcoin to fall, in a repeat of the fate of AltaVista, Napster, and other early innovators. But the prospect of fashioning a better, more stable crypto currency system — and the likelihood that Bitcoin may one day burn — is good news for anyone who cares about crypto currencies, as well as the future and reliability of our monetary systems."

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Re:Is that so? by Farmer+Pete · 2014-03-12 08:07 · Score: 4, Funny

iCoins are the new thing. Apple is releasing them next week. You need an iPhone to use them. All iTunes transactions will require iCoins. You also can only buy them in $1000 USD increments.