Editorial: BitCoins & LiteCoins; Mining the Future?

[dgstorm]

We have a slightly off-topic story to share with you guys today, but it is a subject that is garnering great interest around the world especially in the technology and financial sectors. That subject is the new internet digital currency called bitcoins and/or litecoins. Interest in this subject has been growing at a rapid pace and it has even been showing up in the main-stream media very often lately. News organizations from Yahoo! and Bloomberg to CNNMoney and the Wall Street Journal have been increasing their coverage of the strange virtual money phenomenon.

If you haven't heard of bitcoins or litecoins, don't feel too bad, it's still a fledgling trend despite having been around since 2009. Furthermore, it has mostly been the purview of very computer/tech savvy folks. Let me attempt a brief and crude summation to help you understand the concept.

Continue reading @: Editorial: BitCoins & LiteCoins; Mining the Future? | Pure Overclock

 

[Maura]

I saw something about this topic on an episode of The Good Wife (brilliant programme, btw!) a while back. Very interesting!

 

[iJamesH]

Could be a good alternative to paypal,western union and maybe some bank accounts.