SynWorlds » 2013 » December

Archive for December, 2013

SynCurrency: Mining Bitcoins
December 18th, 2013

Via Quartz, an interesting look at mining bitcoins: New bitcoins are created roughly every 10 minutes in batches of 25 coins, with each coin worth around $730 at current rates. Your computer—in collaboration with those of everyone else reading this post who clicked the button above—is racing thousands of others to unlock and claim the […]

Read more »
Posted in Blog | Comments Off

SynCurrency: Bitcoin Under Pressure
December 11th, 2013

Courtesy of The Economist, a detailed look at bitcoin’s development: ALL currencies involve some measure of consensual hallucination, but Bitcoin, a virtual monetary system, involves more than most. It is a peer-to-peer currency with no central bank, based on digital tokens with no intrinsic value. Rather than relying on confidence in a central authority, it […]

Read more »
Posted in Blog | Comments Off