Bitcoin - digital currency reaches dollar parity
About a year ago I installed this free program: Bitcoin
Set it to "Generate Coins" and mostly forgot about it. Then recently came across this news: BitCoin virtual currency reaches parity with Dollar.
When I checked, discovered I had several hundred bitcoins. There are several sites where you can trade or exchange these into other currencies, like MtGox.com and bitcoinmarket.com.
Aside from generating currency (albeit slowly) you may be more interested in it's privacy/anonymity when trading which may explain its popularity among cypherpunks. And Bitcoins certainly do not involve any federal privilege or benefit (& I think you can grasp the power of trading outside the Fraudulent Reserve System).
Bitcoin: Crypto-Anarchism and the Digital Money Revolution
Quote:
Imagine if we lived in a world where your bank accounts could never be audited, seized or controlled by the state. Imagine if the currency system itself made organized theft impossible. In the future, I predict this is precisely how currency systems will operate. While this may sound like a bold claim, economic analysis demonstrates why my prediction may become reality.
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http://www.policymic.com/articles/49...ney-revolution