bitcoin

Heading to New York for Inside Bitcoins?

Explore the Future of Bitcoin

Inside Bitcoins event is returning to New York City, April 7-8 at the Javits Convention Center. This event has a wide array of experts gathering to analyze the first digital, decentralized, peer-to-peer based global currency. For more information about the Inside Bitcoins event go to http://www.mediabistro.com/insidebitcoins/new-york/?c=bcoinnywtpage

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What is Bitcoin?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures. Excerpt taken from a CNN Money article By: Tal Yellin, Dominic Aratari, Jose Pagliery / CNNMoney : http://money.cnn.com/infographic/technology/what-is-bitcoin/

Bitcoins are now worth nearly as much as an ounce of gold. In 2013 their value climbed from around $10 to $1000 in November 2013. They are starting to be accepted by retailers for goods and services. A couple companies you may recognize are Subway, CheapAir.com.