Apr 14, 2013

Bitcoin (an experiment)

But perhaps a more important development is that a number of high-profile online businesses, among them WordPress, Reddit, Namecheap, and Mega, have recently begun accepting bitcoins in payment for their services. There are now many thousands of individuals and businesses already doing business in bitcoins. At bitcoinstore.com, you can buy electronics—including cameras, musical instruments, blood-pressure monitors, and computers—using just bitcoins. There are bitcoin-only casinos, like SatoshiBet, and a bitcoin-based Intrade-style prediction market called Bets of Bitcoin. The infrastructure for implementing the storage and exchange of bitcoins, too, is exploding: vendors, exchanges, facilitators of in-hand trades, dealers in bitcoin debit cards. There are systems for producing “paper wallets” that you can print out for the safe storage of bitcoins, and secure e-wallets for those with a tendency to misplace papers.
Much more is here.  

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