Why mind-spinning Bitcoin is revolutionary
Originally published 2013-04-08 on Business Spectator. Bitcoin has been getting attention recently due to its meteoric rise in value against fiat currencies. Just over a week ago the market capitalisation reached $1 billion. Overnight it cracked the $2 billion mark, with each Bitcoin valued at $US194.90. Nobody yet knows the true value of 1BTC, and no one knows what will happen when this ‘price discovery’ comes to an end....