BitCoin is a truly interesting if not terrifying turn of technology.
This has the potential to be a completely untraceable currency suitable; perfect for moving money around underground - freedom lovers as well as the terrorist and criminal types...
This article is very informative and provides good context.
Though I'm still a little unclear how the TRUST occurs without a central body especially with Real Money in a P2P and if this is HYPE?
UPDATE: 2011-06-17 - First heist of BitCoin - $500,000!! (link)
This has the potential to be a completely untraceable currency suitable; perfect for moving money around underground - freedom lovers as well as the terrorist and criminal types...
This article is very informative and provides good context.
Though I'm still a little unclear how the TRUST occurs without a central body especially with Real Money in a P2P and if this is HYPE?
UPDATE: 2011-06-17 - First heist of BitCoin - $500,000!! (link)
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