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Author Topic: [2014-07-27] ET: Gold for bitcoin new fad  (Read 963 times)
polynesia (OP)
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July 27, 2014, 05:12:32 PM
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Gold for bitcoin new fad as e-currency count nears 500-mark

http://economictimes.indiatimes.com/news/economy/finance/gold-for-bitcoin-new-fad-as-e-currency-count-nears-500-mark/articleshow/39103080.cms
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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polynesia (OP)
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July 28, 2014, 04:32:04 PM
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This story seems to have been picked up by other publications as well.

http://gadgets.ndtv.com/internet/news/gold-for-bitcoin-is-indias-new-fad-566354
http://www.livemint.com/Money/7cu7VnxBPreC4dDKiYFQZN/Gold-bugs-meet-Bitcoin-believers-in-bid-to-supplant-the-doll.html
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