Bitcoin Forum

Bitcoin => Press => Topic started by: cescan on July 06, 2013, 11:17:44 AM



Title: 2013-04-05 ft.com In no one we trust: the digital dollar’s rise
Post by: cescan on July 06, 2013, 11:17:44 AM
http://www.ft.com/cms/s/0/50451a72-9d43-11e2-a8db-00144feabdc0.html#axzz2YGHGOer0

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/50451a72-9d43-11e2-a8db-00144feabdc0.html#ixzz2YGOVPPAT

It’s a “digital currency”. Normal currencies have banknotes, each with a registration number. Imagine that, instead of printing the notes, you just kept a list of the registration numbers of each of the notes and who owned them. People could pay one another by transferring the registration numbers online. That’s how Bitcoins work. A network of computers is keeping track of who owns a pot of 11m of these numbers. It’s the price of putting a number in your Bitcoin account that’s soaring – this week it hit $147, a more than tenfold increase in price since January.


Title: Re: 2013-07-05 ft.com In no one we trust: the digital dollar’s rise
Post by: kiko on July 06, 2013, 11:53:19 AM
This was from April not yesterday, and was posted to the press section back then. Did you mean to post this article?


Title: Re: 2013-07-05 ft.com In no one we trust: the digital dollar’s rise
Post by: peterblack on July 07, 2013, 12:42:14 AM
Full article in Google Cache (http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CD4QIDAA&url=http%3A%2F%2Fwebcache.googleusercontent.com%2Fsearch%3Fq%3Dcache%3AMOxoP_kUugYJ%3Awww.ft.com%2Fcms%2Fs%2F0%2F50451a72-9d43-11e2-a8db-00144feabdc0.html%2B%26cd%3D1%26hl%3Den%26ct%3Dclnk%26client%3Dsafari&ei=y7jYUZzZHqb8iQLz0oDAAQ&usg=AFQjCNEj_2gp5MVUptjpq2V-_bCYm6F2vg&sig2=0GiEQBrzCBqeLSjLuMV0dA&bvm=bv.48705608,d.cGE)

Reading this article discourages me from ever subscribing to FT, IMHO


Title: Re: 2013-07-05 ft.com In no one we trust: the digital dollar’s rise
Post by: sunnankar on July 07, 2013, 02:44:10 AM
Full article in Google Cache (http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CD4QIDAA&url=http%3A%2F%2Fwebcache.googleusercontent.com%2Fsearch%3Fq%3Dcache%3AMOxoP_kUugYJ%3Awww.ft.com%2Fcms%2Fs%2F0%2F50451a72-9d43-11e2-a8db-00144feabdc0.html%2B%26cd%3D1%26hl%3Den%26ct%3Dclnk%26client%3Dsafari&ei=y7jYUZzZHqb8iQLz0oDAAQ&usg=AFQjCNEj_2gp5MVUptjpq2V-_bCYm6F2vg&sig2=0GiEQBrzCBqeLSjLuMV0dA&bvm=bv.48705608,d.cGE)

Reading this article discourages me from ever subscribing to FT, IMHO

Yes, FT is not high quality global journalism but instead politicized propaganda.