Bitcoin releases Version 0.3

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Submitted by Teppy on Saturday July 10, 2010 @10:26AM

Teppy writes "How's this for a disruptive technology? Bitcoin is a peer-to-peer network based digital currency with no central bank, and no transaction fees. Using a proof-of-work concept, nodes burn CPU cycles searching for bundles of coins, broadcasting their findings to the network. Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government."

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Bitcoin releases Version 0.3

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- Re: (Score:1)
  
  by bitcointo (1853216) writes:
  
  Here is a purchase proxy for Amazon.com and other participating companies.Bitcoin to shop. http://bitcointo.com/ [bitcointo.com]
The future of online secure transactions? (Score:1)

by diablo-d3 (175104) writes:

Having a secure transaction platform is extremely useful due to centralized services like Paypal being untrustworthy and generally evil. I think Bitcoin is worth looking at for this task.

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"Most people would like to be delivered from temptation but would like it to keep in touch." -- Robert Orben

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Bitcoin releases Version 0.3

Re: (Score:1)

The future of online secure transactions? (Score:1)