Bitcoin: Difference between revisions

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As of 2011-5 there are just over 6 million Bitcoins in existence. At current prices, the total value of the Bitcoin economy is about 22 million USD.<ref>[http://bitcoinwatch.com/]</ref>
As of 2011-5 there are just over 6 million Bitcoins in existence. At current prices, the total value of the Bitcoin economy is about 22 million USD.<ref>[http://bitcoinwatch.com/]</ref>


The Bitcoin economy is still small relative to long-since established economies and the software is still in the beta stage of development. But real goods and services, such as used cars and freelance software development contracts, are now being traded. Bitcoins are accepted for both online services and tangible goods.<ref name="bitcointrade">{{cite web |url=http://www.bitcoin.org/trade |title=Bitcoin Trade |publisher=Bitcoin.org |archivedate=22 December 2010}}</ref> The [[Electronic Frontier Foundation]] and [[Singularity Institute]] accept bitcoin donations.<ref>[https://www.eff.org/helpout#bitcoin EFF Bitcoin donation page]</ref><ref>[http://singinst.org/donate/ SIAI donation page]</ref> Traders exchange regular currency (including US dollars, Russian rubles, and Japanese yen) for bitcoins through exchange sites.<ref>[http://bitcoincharts.com/markets/ Bitcoin Charts]</ref>{{Self-published inline|date=December 2010}}<ref>{{cite news
The Bitcoin economy is still small relative to long-since established economies and the software is still in the beta stage of development. But real goods and services, such as used cars and freelance software development contracts, are now being traded. Bitcoins are accepted for both online services and tangible goods.<ref name="bitcointrade">{{cite web |url=http://www.bitcoin.org/trade |title=Bitcoin Trade |publisher=Bitcoin.org |archivedate=22 December 2010}}</ref> The [[Electronic Frontier Foundation]] and [[Singularity Institute]] accept bitcoin donations.<ref>[https://www.eff.org/helpout#bitcoin EFF Bitcoin donation page]</ref><ref>[http://singinst.org/donate/ SIAI donation page]</ref> Traders exchange regular currency (including US dollars, Russian rubles, and Japanese yen) for bitcoins through exchange sites.<ref>[http://bitcoincharts.com/markets/ Bitcoin Charts]</ref>{{Self-published inline|archivedate=December 2010}}<ref>{{cite news
|date=2010-10-10
|date=2010-10-10
|title=Could the Wikileaks Scandal Lead to New Virtual Currency?
|title=Could the Wikileaks Scandal Lead to New Virtual Currency?
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|image_title_1 =
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|iso_code = none;<ref>{{cite web|url=http://www.currency-iso.org/iso_index/iso_tables/iso_tables_a1.htm|title= Current currency & funds code list | publisher=SNV-SIX Interbank Clearing |accessdate=10 February 2010}}</ref> BTC used colloquially<ref>[http://www.bitcoin.org/faq Bitcoin website]. Main page, FAQ, and (extensively) ''Trade'' page all use the abbreviation "BTC".</ref>
|iso_code = none;<ref>{{cite web|url=http://www.currency-iso.org/iso_index/iso_tables/iso_tables_a1.htm|title= Current currency & funds code list | publisher=SNV-SIX Interbank Clearing |archivedate=10 February 2010}}</ref> BTC used colloquially<ref>[http://www.bitcoin.org/faq Bitcoin website]. Main page, FAQ, and (extensively) ''Trade'' page all use the abbreviation "BTC".</ref>
|using_countries = Supranational, Internet-based
|using_countries = Supranational, Internet-based
|inflation_rate = Approximately predetermined<ref name="whitepaper">{{cite book|last=Nakamoto|first=Satoshi|title=Bitcoin: A Peer-to-Peer Electronic Cash System|url=http://www.bitcoin.org/sites/default/files/bitcoin.pdf|accessdate=14 December 2010|date=24 May 2009}}</ref>
|inflation_rate = Approximately predetermined<ref name="whitepaper">{{cite book|last=Nakamoto|first=Satoshi|title=Bitcoin: A Peer-to-Peer Electronic Cash System|url=http://www.bitcoin.org/sites/default/files/bitcoin.pdf|accessdate=14 December 2010|date=24 May 2009}}</ref>