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http://www.business-standard.com/article/international/after-china-russia-bans-bitcoin-over-money-laundering-concerns-114020800332_1.html The bitcoin value has dropped significantly, if they step up security measures to prevent fraud and money laundering it's possible they can make a come back. Is this the end of the crypto currency frenzy? Is this an opportunity for Litecoin investors? What's Iran's stance on crypto currencies?
Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency. http://bitcoin.org/ Bitcoin is the most widely used alternative currency: As of March 2013, the monetary base of bitcoin is valued at over 360 million US dollars So we know have digital currency. We are living in the beginnings of a cyberpunk world Most transactions have been digital for a long time now. Also, you can't have cyberpunk if every gadget looks like an iPhone. We are lacking the punk aspect. For me personally its a bit complicated. having a digital wallet and other stuff makes it as tedious as the regular currency.,
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