the following pretty fair Bitcoin article (google translate - ask if you have questions) has been on many online newspapers in Germany today:
Focus Online (Ranking Nr. 5):
http://www.focus.de/finanzen/news/wirtschaftsticker/hintergrund-bitcoin-auf-rekordhoch-hackerwaehrung-im-hoehenflug_aid_937840.htmlStern (Ranking Nr. 6):
http://www.stern.de/wirtschaft/geld/bitcoin-auf-rekordhoch-hackerwaehrung-im-hoehenflug-1982731.htmln-tv.de (Ranking Nr. 9):
http://www.n-tv.de/technik/Hackerwaehrung-im-Hoehenflug-article10281271.htmlStuttgarter Nachrichten (Ranking Nr. 85):
http://www.stuttgarter-nachrichten.de/inhalt.internet-der-bitcoin-umstrittene-hackerwaehrung-im-hoehenflug.bbbb5270-c1c9-4a19-af96-e62a14ede19e.htmlNordbayern.de:
http://www.nordbayern.de/der-bitcoin-umstrittene-hackerwahrung-im-hohenflug-1.2748456Site-note on Bild.de (Ranking Nr. 1):
http://www.bild.de/geld/wirtschaft/wirtschaftsticker/wichtige-meldungen-aus-der-wirtschaft-29468584.bild.htmlBACKGROUND: Bitcoin at record high - hacker currency soarin
Hackers cash in the fast lane: 300 percent profit in three months - in the rise of Bitcoin is measured most successful currency of the hour. The digital currency comes from the anonymous depths of the cyber world and the promise of free money without control of central banks and governments. She climbs on from a record high to the next. Since the beginning of the Bitcoin exchange rate has risen from $ 13 to almost $ 50 last. The first professional investors get on in a big way - the way of the hacker scene on Wall Street is taken. Snapshot or continuous trend - what is behind the phenomenon?
The Bitcoin is virtual, but it can be exchanged on the Internet for euro or dollars. Since 2009 he has been in circulation and the distribution as cash increases. Even in everyday life, the digital currency has arrived in Berlin's trendy shops or New York, it happens more often that customers pulled out from the smartphone to pay with Bitcoins. The author of the concept of legend applies to Satoshi Nakamoto - a kind of phantom, who hides behind it exactly, is a mystery. Users can Bitcoins on the web related platforms such as "Mt.Gox" with "real" money purchase and sell to such, or they establish themselves on the same computer.
Long the Bitcoin was reputed to be mainly used for illegal purposes. Intelligence agencies and central banks the money hacker is an eyesore because transactions are not so trace. Experts also warn against vulnerabilities. Indeed: Again and again, online exchanges will be hacked, only in the last week should have been cleared Bitcoins, worth more than $ 12,000 from the portal "Bitinstant". But all the doomsayers, the virtual money alternative to the triumph. In dollar terms, the value has more than tripled since the beginning of 2013, all the other currencies in the shade.
What at first sounds after blistering has quite fundamental reasons. More and more business is conducted with Bitcoins. Meanwhile on the internet, everything can be bought from the Gesundheitssandale to gourmet beef with it. The shopping giant Amazon plans to introduce its own payment method called "Amazon Coin", many observers see parallels with the Bitcoin. The world of finance has already responded: The first hedge fund that wants to benefit from the exchange is recently on the start line.
The registered in Malta "Bitcoin Fund" is being promoted by his supplier ex ante as the "first and unique opportunity to invest in a new type of asset." Who has $ 100,000 and an entrance fee of an additional 0.5 percent on boarding, can. The U.S. financial magazine "Forbes", according to the fund has already collected $ 3.2 million in customer funds. Even the Frankfurt Financial Services Phylax speculated in the past year with Bitcoins. It is the most successful currency so far this year known even in designated foreign exchange specialists barely.
Who is in the studies of the major German banks to ask around Bitcoin, meets perplexed experts. "This is not an issue for us so far," it says almost unanimously. Whether this hype is neglected sleepy or cope remains to be seen. The inventors of the hedge fund scene who have loved the lead when it comes to new trends in the financial markets. However, so far shows Bitcoin history that the price is very volatile. Last year, he was at times up to four dollars. The market is clearly and accordingly illiquid. A central control does not exist.
That the Bitcoin still attracting fans is also due to its basic design. The currency units, users can create yourself on the computer by computer with high performance highly complex mathematical formulas to be resolved. In the ten minute intervals created about 25 new Bitcoins. But the money is automatically limited in time: So they do not expand without need, increasingly difficult encryptions be unraveled. The number of generated Bitcoins will be halved in four years. There can only be a maximum of about 21 million Bitcoins. Emerged so far are about half.
Through strategic capping the amount of money, many Bitcoin fans gains on rising distribution as cash for almost programmed. By rising prices again in the jargon as "mining" mentioned production method is attractive because the market value exceeds the cost of production significantly. Like any other currency stands or falls with the Bitcoin but confidence in him. Behind the established paper currencies are governments and central banks. Behind the Bitcoin is the ideal of free money. Whether this is the decisive advantage or disadvantage has to be seen.
I will add more, cause I'm sure this will soon be on even more newspapers. When an article gets on so many of them it surely has been sold by a third party to many more.
