Bitcoin its a new World

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Bitcoin

Scribe: Samuel Otis

Email: samuel@thethinkering.com

Saudi Prince Alwaleed Bin Talal says, Bitcoin will implode. During a recent interview he declared, "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision."

The billionaire investor was pointed to the billionaire Enron as the direction for the digital currency. Enron was a Major US energy company that sank like the Titanic due to Executive fraud.

Bitcoin is a cryptocurrency designed to work as a medium of exchange that uses privacy to contol its movement. Bitcoin issued its first coin in 2009, to Satoshi Nakamoto, its predecessors include David Chaum’s and Stefan Brands ecash, and Adam Backs hashcash. By Q4 of 2012, Bitpay reported having an excess of 1,000 merchants accepting Bitcoins.

On Saturday, Bitcoin stocked surged to an all time high of $6,100 and early afternoon on Monday stood at $5844.19 per share down -2.35% on the day.

 

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