With 600 yuan to 1 pocket and a hidden in other smartphones, Patricia theo fink recently attacked the deal fed the rise of a new capital - a virtual currency, its oscillations have been lovers and speculators through the highs and lows of make people sick.
Argentina's software developers in bitcoin transactions - injection cybercurrency for a bundle of real dollar bills, he handed over to an Australian tourists starbucks in Buenos Aires. Visitors can't spend money on the black market rate risk become more and more rough, one of the black market in the capital market in Argentina. Fink to pad his electronic wallet.
In the safety of the cafe, the visitors transfer fink bitcoin through their applications on smartphones, and went away with cash.
"This is something new," says fink, 24, ap transactions via Skype description. "It's job."
It is like this deal - than in the past a month can reach to 70000 people each day - promoting bitcoins from odd world mainstream use of Internet, a significant breakthrough, made its debut four years ago a currency online.
When they first start performing the ping command in the Internet, bitcoin can hardly buy you. Now, there are few bitcoin can not buy. Hard currency from hard drugs, song's survival gear, automotive consumer products, retailers are welcome virtual currency, and the unofficial symbol is a similar $, double-click the B is prohibited.
Advocates describe bitcoins as the cornerstone of utopian economics: no borders, no change fee, no end time, and no one to tell you, you can't do your money.
Only days ago circulation COINS worth $200 million, from a small part of last year. But the collapse of bitcoins, late Wednesday recovered some ground space of a few hours before, down more than 60% of the value. Critics say that roller coaster of currency changes are another sign of bitcoins, is a bubble waiting to burst.
In the face of all the hype, is a question mark as to the origin of bitcoins.
First summarizes the mechanics study of virtual currency in the chung signed online - may be a pseudonym - COINS made its debut in 2009. How to create COINS, trade how to authenticate, how to manage the whole system power forward without a central bank, no financial regulators and users of sophisticated hackers base everything is summed up in computing capacity and know-how.
ConvergEx group chief market strategy, or, like Nicholas cora, describes it, "such a multi-level talent."
The system is the key to "miners" - high-end computer users to provide the required processing power, to maintain a transparent, consistent running all trades of bitcoins network of networks. Tally system is one of the most important ways to prevent fraud, and miners, occasionally help new bitcoins reward support system.
These COINS in the past few days has become the hot destination of a dangerous goods.
At the beginning of this year, rising from about $13 price, single bitcoin blasted through the $100 mark, according to the mountain last week. (bigger), a web site, users can exchange more traditional currency COINS here.
On Tuesday, the price of a single bitcoin has topped $200. On Wednesday, up to 266 before the flash crash to drag him to back down to only 100 dollars. As of Thursday, bitcoin trading for about $150.
Rebel currency might seem to be very unstable, but so do some of the more traditional counterparts. People say bitcoins Cyprus got new momentum after a banking crisis, push the customers to find creative ways to transfer money. Fink, Argentina, be helpful for bitcoin, because he believed that they kept him from his country's high inflation. Other musicians - auto dealers from the United States Iran - use of the currency, to avoid international sanctions, or open up new markets.
But things go to the nature of bitcoins also makes it attractive JiaoKe, the dark side of the Internet.
Bitcoin is one of the most outstanding tourist destination drug dealers still silk road black market website propaganda their products in the consumer friendly atmosphere releasing a powerful amazon or eBay - use the shopping cart icon, rating system and a large number of users comment on five o 'clock. The site use Tor one anonymous online network, to cover up its position, the server and bitcoin payment, make sure no paper trail.
A British user told the Associated Press, he developed an interest in the first time, and he is in China, where he live order banned the silk road. After moving to Japan, he turned back to the site for a chance.
In Japan, "buying recreational drugs is difficult, especially if you don't know from where people grow up, said:" the user, who declined to be identified, because he doesn't want his connection to the silk road was made public.
He warned that the site of a disadvantage is that the drug could take several weeks to get to "so there's no spontaneity."
Drug dealers are the only of bitcoins to cash. Raging behind hackers LULZ security, online the movement caught the attention of the world, as early as in 2011, received thousands of dollars in value to the promising followers, the money will go to the United States federal bureau of investigation (fbi) attack of bitcoin.
Clearly established by bureau of leaked to the Internet last year, according to a report of bitcoins ", because do not have a centralized authority, detect suspicious activity, determine the users and transaction records, law enforcement is problematic."
It warned, bitcoin may be "more and more useful tools, beyond the field of network" - including the child pornography, trafficking and terrorism of all kinds of illegal activities.
The federal bureau of investigation (FBI) didn't immediately respond to a comment in the email.
Late last month, the Treasury's financial crimes enforcement network, or law enforcement networks, announced that it is to extend its money laundering rules of bitcoins American dealers and shuttle service, this means that the company has, in cybercurrency trade will more detailed records and reports in order to keep high value transactions.
Many frustrated in the bitcoin community attaches great importance to the virtual economy



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