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Bitcoin

766 bytes added, 19:26, 9 December 2013
==Background==
Bitcoin is essentially a software program that slowly releases new bitcoins to the network of computers (bitcoin "miners") running the software. The program is designed such that coins become more and more difficult to mine as time passes. The limit of 21 million bitcoins is expected to be reached around 2040. <ref>{{cite web|url=http://www.wired.com/wiredenterprise/2013/11/bitcoin-survival-guide/all/|name=Bitcoin Survival Guide: Everything You Need to Know About the Future of Money|org=Wired|date=December 9, 2013}}</ref>
 
As the value of bitcoin surged in late 2013, it began to attract the attention of major media outlets as well as regulatory authorities. At issue is whether the use of bitcoin is tied to illegal activities such as movement of drugs and stolen goods, money laundering or tax evasion.<ref>{{cite web|url=http://www.forbes.com/sites/robertwood/2013/11/18/bitcoin-tax-tips-for-congress-and-everyone-else/|name=Bitcoin Tax Tips for Congress and Everyone Else|org=Forbes|date=December 9, 2013}}</ref> Due to the decentralized nature of bitcoin, it remains outside a central monetary authority.
==John Lothian News Special Report, December 2013==
On December 7, 2013, John Lothian News published a special report, "A Bitcoin for Your Thoughts" featuring:
*a column from JLN publisher John Lothian about his thoughts on Bitcoin,
*a short primer on the aspects of Bitcoin, and
* a selection the best articles we have found in recent weeks.
 
To view the report, click [http://www.johnlothiannews.com/2013/12/bitcoin-currency/ HERE].
== References ==
<references />
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