Money

Bitcoin: a loop of faith

Bitcoin LogoIn addition to my own posts, I also write for CloudTweaks, an authority on cloud computing. My most recent post focuses on the rise of Bitcoin and what it might mean in an age of virtualization and decentralization.
Here is an excerpt:

If you find yourself in Allentown, Pennsylvania around lunchtime, feeling a little hungry but without any cash in your pocket, take heart: the Subway franchise on Hamilton Boulevard takes BitCoin. If you have the app on your phone, your sandwich will only cost you 0.006 BTC, or thereabouts.

BitCoin, the fabled virtual currency, developed in part by the Winklevoss twins, themselves famous for their early involvement with FaceBook, has upped its status in recent months, from being the currency most favoured by gun and drug runners on the Silk Road website, to receiving cautious endorsement from Fed Chairman Ben Bernanke…

To read more, please click here.

CloudTweaks

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