Bitcoin News
Daily diary of what's happening with Bitcoin.
Writer Timothy B. Lee (@binarybits) provides an update on Bitcoin now that it is trading at a level about 60% higher than it was when he last wrote on it (a little more than a month ago). Excerpts from Ars Technica:
“What explains the newfound popularity of the cryptocurrency? We suspect the factors we identified in last month’s article—vices like pornography and gambling—continue to be a significant factor in the currency’s value. But other new uses for the currency continue to pop up.”
“There has been a growing volume of transactions between Bitcoins and Linden Dollars, the official currency of Second Life.”
And, Timothy — who admits to once having been a Bitcoin skeptic, writes the disclaimer:
“Disclosure: The author owns some Bitcoins.”
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