Smitty777 writes "Slashdot readers are no doubt educated of the infamous crash of Bitcoin. In fact, its demise was followed closely here. Wired has a recent article astronomical station Bitcoin's climb out of chaos. Valued at $17 before the crash, it had lost 90% of its value due to the hacking incident, down to a low of $2. It climbed back up to $3 in December, and is currently valued at $4. From the article: 'Bitcoin boosters have traditionally suggested that Bitcoin is an especially continuously' and other side means 'one instead of the other' or 'allowing or necessitating a choice between two or more things' to currencies. But we'll suggest an flipside explanation: that Bitcoin is not so much an incomparable currency as a "metacurrency" that allows low-cost and regulation-free sign over




resorthoppa transfersfast of wealth between nations. In other words, Bitcoin's major competitors aren't subject currencies, but wire-transfer support free school lunch like Western Union.' Still, Bitcoin has high-flown obstacles to overcome, such as covert mining, wrongful uses, and other defense issues."
Amir Taaki of the Bitcoin Consultancy (who did an cattle call* here a while back) disputes the reasoning and the conclusions in the Wired article.

Read more of this story at Slashdot.

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