Friday, December 06, 2013

In the Murky World of Bitcoin, Fraud Is Quicker Than the Law - NYTimes.com

Excerpt from another timely Bitcoin reality check
"So far, though, Bitcoin has been driven up primarily by people who are betting it will rise and rise because there is a finite supply. The initial computer program established that only 21 million Bitcoins would ever be created.
Because there are no limits on who can buy Bitcoins, they have attracted investors of all stripes. The value of all the Bitcoins in existence is now more than $12 billion after a volatile surge increased the value by more than 1,000 percent over the last month."
In the Murky World of Bitcoin, Fraud Is Quicker Than the Law - NYTimes.com
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