Bitcoin mining risks
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Bitcoin and virtual currencies in the spotlight on Capitol Hill. Caldwell mints physical versions of bitcoins. Bitcoins have been propelled from the world of Internet oddities to the cusp of mainstream use, a remarkable breakthrough for a currency which made its online debut only four years ago.
Bitcoin is all over headlines this week. The virtual currency — digital money — that can buy you anything, if you know where to go, from a bag of groceries to a bag of heroin. The Winklevoss twins are into it — big investors. The Silk Road was into it — the online emporium for sex and drugs that took only bitcoin.
This week Ben Bernanke said banks may one day use it. Four years ago, it was worth a buck. Up next On Point: Tom Carper , U. Bitcoins, after all, can be sent and received without necessarily tying them to any real-world identity. The wallet will be open-source and free to use. Eventually, Wilson and Taaki hope to create a vast stable of Bitcoin-related tools.
The goal, for Wilson, is similar to what he tried to do with the Liberator: Newly-minted college graduates on the job hunt. Europe, India and China, are taking on American tech giants over privacy, monopolies, and more. But it also holds true to the original story.
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