Bitcoins aren't just an abstract financial instrument living somewhere in the digital ether anymore. They're now a physical currency capable of taking a ride in your pocket or scratching off your lottery tickets.
The physical Bitcoins, called Casascius Bitcoins and created by a guy in Utah named Mike Caldwell, are made of brass, with gold electroplating on the 25 Bitcoin denomination. And, of course, they're tied to the peer-to-peer, open-source digital currency that's been exchanged on the Internet for a while now.
Porsche Sells For 300 Bitcoins In Latest Sign The Virtual Currency Is Going Kablooey
Somebody in Texas claims they just sold a Porsche for 300 bitcoins, the latest sign of a bitcoin bubble. Or the rise of our new bitcoin overlords.
An Austin family bragged Tuesday night that it had sold a 2007 Porsche Cayman S for 300 bitcoins, a virtual currency that has long been little more than a curiosity for financial reporters but is suddenly breaking into the broader consciousness, maybe just in time for the whole thing to go kablooey.
Ripple has grown over recent months, from an interesting concept with dormant projects into an actively developing ecosystem.
The Ripple Project (http://ripple-project.org/) aims to build a new form of money which derives from existing social relationships rather than from rigidly inefficient central banking systems. The project involves technological as well as economic, social, and other aspects.
It may be unwise to align ones self to bitcoins, whereby should it actually prove to be a scam, a person or groups' intelligence or allegiance might come into play.
For example, my dad left his position as a broker in the commodities market back in the 80's when investments his company promoted caused his clients and friends to loose money.
I'm just sayin...
bitcoinstore.com, an electronics retail outlet that only accepts Bitcoins as payment. Bitcoinstore.com stands out among potential competitors because the site's investors have only one goal – to urge major online retailers to start accepting Bitcoin.
"The idea behind the site entirely is to force Amazon and Newegg to accept Bitcoin by saying 'Hey, look at our prices, we beat you, now beat us,'" said bitcoinstore.com head of marketing Jon Holmquist.
To do that, bitcoinstore.com sells its products at 0 percent markup.
Entrepreneur Taylor More listed his two-bedroom Alberta bungalow, asking 405,000 Canadian dollars (£261,000; $395,000) - or the equivalent in Bitcoins. Bitcoins are now a widely used alternative payments system and one Bitcoin is currently worth about £37.