Bitcoins, Privacy and Democracy


Bryen's Blog News

By Stephen Bryen

[NEW UPDATE MARCH 1, 2014: The AP reported today as follows: “The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.”  This follows the mysterious end of the British Bitcoin exchange which seems to have stopped functioning.  Bitcoin investors have no recourse.]

[Update: Norway and China say that Bitcoins are not a legal currency.  In addition,  now the largest Bitcoin exchange in China will no longer allow customers to use the Yuan to buy Bitcoins because of pressure from the Chinese government and from the Central Bank of China.  The Wall Street Journal says that Bitcoins have lost half their value in the past few weeks.]

Bitcoins are much in the news these days.  Described as a “virtual currency” the value of Bitcoins has risen precipitously, and dropped in value…

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