The Atlantic blogger Jared Keller offers his take on Bitcoins. You’ll see more and more about Bitcoins as the info goes viral this week and next. Check out the Bitcoin.org site before reading too much about Jason Calicanious’ opinion. Make up your own mind.
Keller writes “As American consumption habits become increasingly focused on online transactions and e-commerce, companies have been striving to find a model for a digital currency that works. Facebook’s credit system is probably the most visible example, allowing users to purchase apps and games within the social network’s vast ecosystem. But should each website devise it’s own internal currency system? And is the Web too expansive and fragmented for a digital version of a currency exchange to work? ”
Keller is overlooking the fact that BitTorrent is viable and that linking millions of computers together provides a distributed, highly flexible, robust network of individual computers. No centralized service is needed for the currency to survive. Its about time a stable digital collectable like Bitcoin is make so widely available.
We’re researching Bitcoin digital collectibles and we’ll be rolling out services that are willing to exchange Bitcoins and other digital collectables for goods and services. It is as reasonable a way to do commerce as any.
Started in 2008, but … “Recent weeks have been exciting for a relatively new kind of currency speculator. In just three weeks, the total value of a unique new digital currency called Bitcoin has jumped four times, to over $40 million.” so writes TOM SIMONITE, from Technology Review.
Bitcoin is underwritten not by a government, but by a clever cryptographic scheme.”
OrcasCommerce.com is considering becoming an exchange point for Bitcoins. What do you think?
