The Guardian Bitcoin lobbyists meet US authorities amid growing focus on digital currency The Guardian Unlike traditional currencies, Bitcoin is not backed by a central government, but instead created by a computer program.
Dim Jrier's insight:
Similar to the digital microsoft point, how relative is a bitcoin to the modern ecnomy? Like we talked about in class, a currency is as valuable as people are willing to pay for it. As this isn't backed by anyone however, could be we be seeing a bubble?
Brazil makes $60 billion bid to halt currency slide CNN Brazil's central bank said Friday it will launch a $60 billion program to halt a slide in its currency, which has fallen in recent days to its lowest level since 2008.
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