Just in case there are any disinfonauts still wondering what this Bitcoin thing is, Venturebeat supplies an idiot’s guide:
Drama, greed, controversy, conspiracy, crime, risk, theft, speculation, wealth — such was the world of Bitcoin in 2013.
The crypto-currency captivated us with its soaring highs and plunging lows in 2013, rising from $10 to $1,200 in the course of a year. It surpassed the value of gold at its peak before crashing down to $500. Today it flutters between $380 and $682 on different exchanges.
We watched breathlessly as early Bitcoin owners became millionaires and authorities seized millions of dollars worth of Bitcoins from the the Web’s notorious black market, the Silk Road. We witnessed efforts to uncover the identity of Bitcoin creator Satoshi Nakamoto, and we listened to luminaries in finance and economics heatedly debate Bitcoin’s future.
Millions of people followed the saga, but far fewer chose to buy Bitcoin themselves amidst all the uncertainty and volatility.