Tue 14 Jun 2011
I wandered across bitcoin not too long ago, during some random web crawling, and downloaded it in May. I installed it, ran it, realized I was behind a firewall, killed it, uninstalled it and forgot about it for a couple of weeks until this Wired article came out and sent the whole world a’twitter about bitcoin again.
The Wired article, in short, talks about an underground website that sells illicit drugs and whose sole allowable currency is the Bitcoin. The website itself is shrouded in anonymity in the TOR network which itself is an excellent little piece of technology which I’m planning on running out of space to describe here just now, but you should look into it.
The Bitcoin spiked in popularity. You can buy and sell Bitcoins in open marketplaces such as Mt Gox (whatever that means) or Lillion Transfer if you’re using some more international currencies, or you can use them directly on sites that take them, such as this Alpaca sock store. Prices quickly went from a few dollars to around $30, although they’ve now backed off a bit to around $20/BTC (Bitcoin).
Ok, so where are we? We can buy cocaine and alpaca socks with Bitcoins. Great. But what ARE they, again? How can you get some, and should you care?
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