Bitcoin Forum
May 11, 2024, 12:47:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-03-07] Wash. Post: Bitcoin refuses to flip: Virtual currency stays strong  (Read 822 times)
SirWilliam (OP)
Sr. Member
****
Offline Offline

Activity: 248
Merit: 250


View Profile
March 09, 2014, 11:05:33 AM
 #1


Bitcoin refuses to flip: Virtual currency stays strong despite bankruptcies, gyrating rates

Bitcoin is virtual money that cuts out banks and credit card companies, and has gotten more popular recently. Here's what you need to know about the original cryptocurrency.

By Craig Timberg, Sunday, March 9, 1:09 AM E-mail the writer

Future generations of Bitcoin billionaires may someday look back on 2014 with knowing smiles. Here was a year when thefts spread, exchanges collapsed, rates gyrated like a teenager’s moods. And yet the buying of bitcoins showed no signs of abating.

http://www.washingtonpost.com/business/technology/bitcoin/2014/03/08/0b1ad2f0-a631-11e3-8466-d34c451760b9_story.html
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
oakpacific
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


View Profile
March 09, 2014, 11:40:39 AM
 #2

Without all these heists, accidents, frauds, Joe-Sixpacks probably would never realize that Bitcoin is idependent of any individual/organization.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
Mike Christ
aka snapsunny
Legendary
*
Offline Offline

Activity: 1078
Merit: 1003



View Profile
March 09, 2014, 11:54:52 AM
 #3


Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!