‘Brave Businesses Buy Into Bitcoins: Is It A Bubble?’ – ‘ReadWrite’
The latest post on ‘ReadWrite’ is titled “Brave Businesses Buy Into Bitcoins: Is It A Bubble?”.
Nick Statt says, “Bitcoin is known as an underground digital currency with neither government regulation nor a central bank. It relies on peer-to-peer transactions and complex cryptography to bypass traditional payment models.
Once thought of as no more than a fringe Web fascination, the currency has rocketed into to the mainstream conciousness. A catastrophic valuation dropoff last week made headlines around the world, often highlighting topics like the Winkelvoss twin’s huge bitcoin stash and the Reddit user who invested his entire life savings in Bitcoins – and cashed out at an enormous profit”.
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