Bitcoins have been around for a few years now but given the current state of economic uncertainty, especially among certain EU member states, the investment seems more viable than traditional currency. This week we take a look at what this newfangled technology is all about and whether it is a passing technological fad, or if bitcoins are the wave of the future.
The New Yorker
What are bitcoins? How does the Bitcoin system work? As some international currencies begin
to lose credibility, will bitcoins become a more attractive option? This article serves as an informative primer on how bitcoins came into existence and how the international marketplace surrounding them is organized.
Bitcoin beginning to go mainstream
USA Today
As Cyprian currency’s future remains uncertain, a university in the country’s capital now accepts bitcoins as tuition payment. This might be expected in a country in such economic turmoil but what does it say about the US dollar as more businesses in the United States begin to accept the digital currency?
More bitcoins, more problems: How hackers are targeting bitcoins
CNBC
Bitcoin’s exchanges have attracted all types of users but with soaring value and guaranteed anonymity, exploitative forces have been hard at work trying to compromise the integrity of the system.
Bitcoins present an interesting opportunity for entrepreneurs and businesses plagued by anemic national economies but can be just as destructive when harnessed by those with unsavory agendas. The currency’s story will prove to be an interesting study in economics, as well as human nature in the months and years to follow. What do you think about this emerging economic force? As always, please share your thoughts by leaving comments below.
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Joe Ducar is a public relations intern for WordWrite Communications.
