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Title: [2014-08-28] Bitcoin community is pretty tight knit Post by: zakoliverz on August 28, 2014, 04:51:19 AM http://clclt.com/theclog/archives/2014/08/27/interested-in-bitcoin
Bitcoin inside and out. In a recent interview with Vice, Brito explained that it is a digital currency — think Facebook credits, frequent flyer miles, Microsoft points — that is decentralized. The first of its kind, actually, because unlike Facebook credits, which are distributed through Facebook, Bitcoin isn’t distributed through a third-party intermediary. “There is no Bitcoin company, no Bitcoin building, not even a Bitcoin server,” Brito explained during the interview. It’s an attractive form of currency because there are no credit card fees, and international transactions are cheap. Right now, one Bitcoin (BTC) is equivalent to $515 USD. |