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Bitcoin Virtual Currency: Digital "fools' gold" (video)

Bloomberg's Jonathan Ferro explains the business of Bitcoin and the problems associated with the virtual currency as the largest Bitcoin exchange experienced wild swings in the value of the currency during Thursday's trading day. He speaks on Bloomberg Television's "On The Move" April 12.

Golden Cyberfetters - Paul Krugman: What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that’s not at all what is happening in Bitcoin.

see also Cryptocurrency | MIT Technology Review

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