Thursday, December 19, 2013

Bitcoin, Nationless Currency, Still Feels Government's Pinch - NYTimes.com

More Bitcoin roller coaster excitement
"A rapid succession of moves by governments around the world has cast doubts on the legitimacy of the virtual currency, and its price fell about 60 percent at one point on Wednesday morning from its high earlier this month. It recovered some as the day went on.
The price volatility is underscoring Bitcoin’s sensitivity to decisions by government officials despite its promised status as the first global currency free of government intervention and oversight. Money, it turns out, is still a government prerogative."
Bitcoin, Nationless Currency, Still Feels Government's Pinch - NYTimes.com
Post a Comment