BitCoins exploded…well, not really. They just happened to go mainstream. The virtual currency was actually introduced in 2009 by pseudonymous developer, Satoshi Nakamoto (we are yet to confirm “his” existence or involvement), who wanted to solve the problem of cross-boarder trade. Did he have in intention to decentralize currency? Was Nakamoto trying to make a statement about the true free market system that capitalism was supposed to be defined by with market regulatory systems? All questions that make the currency so elusive.
For those who get it, the idea of a cross-border free market currency (with a limited supply) seems game changing for virtual and global exchanges. For those who don’t, it is a community of hackers doing mysterious things on the internet and trading using mysterious virtual entities. One is new and innovative and the other is not so new (Second Life, Hot or Not) and perhaps scary. Which will it be for you?
To help you make up your mind, I gathered some more information from around the internet over this past week’s Bitcoin “curiosity” explosion.
Bitcoin Market Analysis & References: