2012-11-29 cityam.com - E-currencies reach a major milestone

[julz]

E-currencies reach a major milestone

Alex Dymoke
2012-11-29

http://www.cityam.com/lifestyle/technology/e-currencies-reach-major-milestone


FOR SOME, Bitcoin is an unregulated rogue currency for pornographers and drug dealers. For others, it is a victory for economic freedom, and a way of protecting business transactions from what they see as the inherent volatility of the banking system. But despite its contentiousness, the controversial e-currency is in rude health. Yesterday it reached a crucial milestone – its “halving day”.

...

As the arrival of halving day proves, Bitcoins are becoming more and more widespread. Over the last three years it has become the world’s most widely used alternative currency and its been tarred with a fair amount of controversy along the way.
...

This article contains some obviously out of date information which looks like a copy and paste job...

There is also a Bitcoin stock exchange, where companies can make initial public offerings and pay dividends with it. One website offering Bitcoin options trading was “listed” this month for an implied valuation of half a million dollars. Perhaps the most infamous of these sights[sic] is Bitcoinica, a platform offering margin trading, short selling and stop orders run by 17-year-old Chinese high school student Zhou Tong (pictured).

From wikipedia:
"City A.M. is a free, business-focused newspaper distributed in and around London, England. Its certified distribution was 132,076 copies a day in May 2012, according to statistics compiled by the ABC."

[Seal]

FYI, CityAM is a free newspaper distributed widely around London. Its target audience are commuters who work in finance in the city at rush hour... which is pretty much everyone who's riding the underground at that time. This is a VERY popular paper.

... also by the looks of it, the author is a regular trawler on the forums here. Anybody care to step forward?

[BkkCoins]

Unlike regular bank accounts, which require proof of address and identity, all that is needed for a Bitcoin account is an IP address.

If he trawls these forums then he doesn't read much otherwise he'd know that you don't even need an IP address to have a Bitcoin account. Granted, it's hard to imagine someone using Bitcoin that has never been on the internet.

the controversial e-currency is in rude health.

I don't even know what that is supposed to mean. "Rude health" means something has gone wrong?

I guess the inaccuracies can be chalked up to sloppy reporting and the desire to be controversial about mundane old news.

[julz]

As an Australian, I understand 'in rude health' to mean in very good health - but yes, it's not a particularly common phrase.