January 16th, 2014 by Louis Basenese + 4.22% Upside 101 Market 105 Trefis JPM. JPMorgan Chase. Rate Benjamin Gorlick – COO of Bitcoin mining collective, Cloud Hashing There will soon be 260,000 stores in Japan accepting bitcoin using the Air Regi app. And in the Daily Reckoning, Louis Basenese writes: “There are now over 831 cryptocurrencies exchanging hands on the ‘open markets.’ The vast majority trade for just pennies, just like Bitcoin did back in 2010. Bitcoin is the first peer-to-peer (P2P) digital currency and payment system to gain significant interest. This month its marketcap surpassed $1 billion. [Below is a description of what Bitcoin is, and isn’t, and why it has caught on to the extent it has.] 8. This Whole Bitcoin Thing is Fascinating & Troubling – Here’s Why Bitcoin was down big yesterday, and it is down again today and falling. Though one cryptocurrency expert says Bitcoin is here to stay. Here’s what he says… from Louis Basenese via Daily Reckoning. Reason #1: There’s Too Much Money to be Made. As the world’s first “cryptocurrency” trading between nerds, Bitcoin began life as an Louis Basenese lays out for you the “Secret $20 Bitcoin Blueprint.” If you want to get your hands on a winning lottery ticket of your own, we suggest you read on. We only wish we had that
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