In Brief

Launch examines Bitcoin in an article that discusses the controversial P2P electronic currency, outlining what they've learned after researching it, and making some predictions for the future.

Launch examines Bitcoin in an article that discusses the controversial P2P electronic currency, outlining what they’ve learned after researching it, and making some predictions for the future.

Bitcoins are a virtual peer-to-peer currency that can be sent and received directly from their site, or via and escrow service or currency exchange. The benefits are that your coins can’t be frozen, tracked or taxed, and transaction costs are very low.

From the article:

A month ago I heard folks talking online about a virtual currency called bitcoin that is untraceable and un-hackable. Folks were using it to buy and sell drugs online, support content they liked and worst of all — gasp! — play poker.

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