Tuesday, June 4, 2013

If gold is fear index, bitcoins are act of sheer desperation

The bitcoin is the most successful example of a phenomenon known as the crypto currency, that is a currency produced by solving a complicated algorithm on a supercomputer or many lesser computers. In short there is a hard sum that only a computer can solve.



via supercomputer crypto* - Bing News http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=4581eaf2ec2e4cda9e6db327c297820f&url=http%3a%2f%2fwww.thenational.ae%2fbusiness%2findustry-insights%2feconomics%2fif-gold-is-fear-index-bitcoins-are-act-of-sheer-desperation&c=ViwHngOGyzJl8o94opcWPxbkdQ2wqr0sYLLj8HO-czw&mkt=en-us

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