Mt. Gox chief marketing officer Gonzague Gay-Bouchery, left; CEO Mark Karpeles, right.
The virtual currency Bitcoin isn’t backed by any assets or central authority. It’s only three years old and its exact origin is a mystery. And yet, for some reason, tens of thousands of people have determined that a single Bitcoin — essentially a unique sequence of letters and numbers — hit $105 US dollars earlier today, the most in its short history. At a time when the euro seems increasingly unstable, financial publications like Businessweek are asking if Bitcoin may the world’s last economic safe haven.
In the early days of Bitcoin, the price was decided by a small community of users who traded the currency on forums. Today users use...
via The Verge - All Posts http://www.theverge.com/2013/4/1/4154500/mt-gox-barons-of-bitcoin
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