by mk

I’m not sure what to make of bitcoin. As mentioned, although there are only 21M bitcoins possible, they are divisible into 2,100,000,000,000,000 units, which is a very large number.

Right now, they are trading for about $0.8 per bitcoin: http://bitcoincharts.com/markets/

I got myself 0.05 BTC at the bit faucet. http://freebitcoins.appspot.com/

The idea seems pretty ingenious. It is interesting that people could decide that governments shouldn’t play a role in currency production. Currency is faith, and if government control creates a lack of faith, these types of currencies might be the future.