The End Of Bitcoin's Beginning
The Mt. The Gox exchange might prove to be the end for Bitcoin, but it is certain the end. Mt. Mt. A leaked internal document suggests that Gox may have been the victim to a major theft in which more than $300 casino native american cryptocurrency million of Bitcoin disappeared from its accounts. Because Bitcoin is not a physical entity, I have put "disappeared” in quotes. Bitcoin is a product of a computer algorithm, whose origins and ultimate purpose are not known. There are many users who use it, including people who wish to keep their transactions private and people who might want to hide some of their wealth from authorities. Bitcoin enthusiasts love to refer to it as a cryptocurrency or digital currency because of its encrypted nature. It is now clear that Bitcoin is not a currency, despite the dramatic fluctuations in its price. It is a commodity, whose value fluctuates according both to its quality as wel...