Believe those who are seeking the truth. Doubt those who find it. Andre Gide

Monday, October 24, 2011

The rise and fall of Bitcoin

Apparently, it's not so easy setting up a competing currency with a stable value. Bitcoin seems to be having a hard time as of late, losing more than 90% of its value since it's June peak; see here (h/t Fernando Martin). It will be interesting to see how the Bitcoin issuers respond to these challenges.

P.S. Steve Williamson provides a nice economic summary of bitcoin here

1 comment:

  1. Hello David, companies are using Bitcoin technology to continue to push into the mainstream. They are becoming better at protecting their customers and working with regulators. Anyways, you have pretty good insight on financial topics. I have been a regular reader of yours. Keep sharing the informative stuffs like these.

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