michaelhirchler

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Bitcoin Is Changing The World

The story of Napster helps to explain the excitement about Bitcoin, a digital currency, that is based on similar technology. In January a unit of Bitcoin cost around $15 (Bitcoins can be broken down to eight decimal places for small transactions). By the time The Economist went to press on April …

What Are Bitcoins & Could They Endanger the Global Economy?

Bitcoins are a form of virtual currency that are just starting to get some attention. Right now, one Bitcoin is worth somewhere in the $90 range, so almost 100 of your dollars equals one of something that you cannot touch or see.<p>How did a virtual currency come to have a very tangible hold on global …

Is the Bitcoin boom just a bubble?

The value of individual Bitcoins hit a record high of almost $147 before falling back to $117 on Wednesday – as the value of all Bitcoins in …

Yes, you should care about Bitcoin, and here’s why

Advertisement<p>31 Comments<p>Everybody’s talking about Bitcoin these days, which is quite remarkable given the highly technical nature of the …

Bitcoin Purchasers Should Just Keep Their Dollars Instead

Forget Bitcoin. You’ve already got the currency that’s maintained its value over last several years, writes Daniel Gross.<p>Bitcoin—the virtual, …

How to buy and sell Bitcoins -- Part 2: Practical

So you want to buy and sell Bitcoins, but how is it done? In the second part of this two-part series, I'll show you how to transfer money from your …

How to buy and sell Bitcoins -- Part 1: Theory

In the first part of my two part series of how to actually buy and sell Bitcoins, I look at the theory and the underpinnings of the Bitcoin …

If Bitcoin Walks Like A Bubble And Quacks Like A Bubble...Not That It Matters Either Way

The Daily Telegraph manages to get itself a little confused today:<p>Bitcoin, the controversial electronic currency, has passed the $200-mark for the first time, setting new records despite talk of a bubble.<p>No, really, just no. It is not despite Bitcoin reaching a new high that some (including me) are …

Don’t understand Bitcoin? This video explains it in less than 4 minutes

The virtual currency Bitcoin is hot. In the past week, the price of a single Bitcoin has more than doubled and currently sits at about $240 on Mt. Gox, the largest Bitcoin exchange.<p>If you’re new to Bitcoin, you’ve probably got a lot of questions. How does it work? Who controls it? Where do I buy …