Thanks to Disaster Response Team of America for the post…Can’t wait until we break that 1,000 mark!
[Ed. Note: Can you think of a better way to hide the gold market than to “promote” an alternative currency? Why would the federal reserve say something positive about any currency other than the USDollar? ~MRH]
by Mark O’Byrne, Gold Core:
Bitcoin was developed in 2009 and is a decentralized digital currency that enables low cost payments without the need for central authorities and issuers. Bitcoin is a peer-to-peer (P2P) currency system created in open source C++ programming code. Bitcoins can be accessed from anywhere in the world with an internet connection. Once a user has Bitcoins, they are stored in a digital wallet. Bitcoins can then be sent to anyone else who has a Bitcoin address.
U.S. law enforcement and regulatory agents expressed optimism and acknowledged risks for digital currencies. U.S. officials outlined the potential benefits and liabilities of bitcoin.
Federal Reserve Chairman Ben Bernanke said…
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