Bitcoins: The New Age of Currency

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  • Who Accepts Bitcoins?
  • Take a Trip to Outer Space
  • Purchase Anonymously
  • Digital Bank Robbery
  • The Future
  • Digital Currency at the Tip of You Digits
  • What Is a Bitcoin?
  • What Are the Advantages?
  • How do Bitcoins Work?
  • Bitcoins Rise in the US

Digital Bank Robbery

Unlike cash, you cannot forge a bitcoin. However, bitcoins are still subjected to “bank robbery.” European bitcoin payment processor BIPS lost the equivalent of about $1 million in November after a distributed denial of service (DDoS) attack overwhelmed its server. Additionally, China’s GBL exchange abruptly went offline in October, with $4.1 million in users’ bitcoins going missing.

(Photo: REUTERS/Stephen Lam)

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