Sunday, July 24, 2011

Global Currencies: The Euro, The Yen, and the Bitcoin? - CNBC

Global Currencies: The Euro, The Yen, and the Bitcoin? - CNBC: "The dollar, euro and yen might be the primary language of currency traders today, but online, all the talk is about bitcoins.

The digital currency has been around for nearly two years now, but it burst onto the radar of the mainstream world in June, when Gawker published a story about an underground Website where you could trade the currency for illegal drugs. The chatter surrounding the story eventually faded, but a lot of people were left confused about bitcoins. What are they? How do they operate? And what, aside from illegal narcotics, can they be used for?"

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