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Scoop.it!
Bitcoin is not alone. The virtual universe has spawned a few dozen alternatives, with varying reserves, computer mining requirements and privacy. ("In the alternative galaxy of virtual currencies, newly created money can become worth millions..
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A software engineer from Springfield, Missouri, Blankenship is putting his money on PeerCoin, one of the biggest of the virtual currencies that are being promoted as alternatives to bitcoin.
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Summary: We are still talking about the potential of virtual currencies, despite all the considerable advances in technology over the last 30 years, the significant spread of globalization, and how it might impact financial transactions.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
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