Bitcoin, the nationless electronic cash beloved by hackers, bursts into financial mainstream

Foxnews ^ | April 11, 2013 | Associated Press

[kinsman redeemer]

...sounds familiar to me.

Now the whole world had one language and a common speech. As people moved eastward,[a] they found a plain in Shinar and settled there.

They said to each other, “Come, let’s make bricks and bake them thoroughly.” They used brick instead of stone, and tar for mortar. Then they said, “Come, let us build ourselves a city, with a tower that reaches to the heavens, so that we may make a name for ourselves; otherwise we will be scattered over the face of the whole earth.”

[martin_fierro]

A Fool and his Imaginary Money are soon parted.

[Marine_Uncle]

Rather interesting scam.

[Wyatt's Torch]

And crashed 77% since Wednesday...

The Bitcoin Crash Continues — Now Down 77% From Two Days Ago

Matthew Boesler

Bitcoin has fallen to $60 this morning.

Just Wednesday morning, it topped $266 before a dramatic plunge sent it to $120.

Then, Thursday, the world's largest Bitcoin exchange halted trading for 12 hours in an attempt to "cool down" the market.

When trading reopened last night, Bitcoin instantly plunged another 35% to $78.

Now, at $60, Bitcoin has lost 77% of its value from Wednesday's high.

[jiggyboy]

Even helping to finance a potential reunion tour of Blood, Sweat, & Tears would have been a wiser choice.

[Ernest_at_the_Beach]

WOW...

I don't think the central Banks are worried about THIS alternative.

[Ernest_at_the_Beach]

So I wonder what Cody is saying today?

[FreedomPoster]

For your consideration . . .

[GreenHornet]

Advocates describe Bitcoin as the foundation stone of a Utopian economy: no borders, no change fees, no closing hours, and no one to tell you what you can and can't do with your money.

I wonder if, at some point, you won't be able to buy or sell using this virtual currency unless you have some type of electronic chip implanted under your skin, aka, "the Mark of the Beast."