Just listened to an NPR discussion of bitcoin. Fascinating! Good for bad-guys, and good-guys.
Families sending money to family in Africa, avoiding huge transaction fees for pennies of bitcoin fees. The Silk Road market where you can buy all sorts of illegal things. The third world carries its money in their phones. WikiLeaks who takes BC as their only payment method, due to US pressure on international banking. A Market on the lives of political leaders, on the likelihood of assassination, and guys who get a take of the stakes once they prove they done it. BC is illusive. Like another "bit", bit torrent, it's so distributed and p2p that its hard to get your brain around it. Even the Fed Reserve admires it and is interested in its future. And in terms of legality, it an offense to steal it and a guy is being tried for a ponzi scheme involving BC. And its trading very high against the dollar. Has anyone gotten involved? Got a bitcoin? They interviewed a cupcake business that takes BC and they've made a bundle just on its huge increase in value. -- Owen
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
