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Price Check! Buying and Selling Bitcoins at Whole Foods

Wednesday, December 18, 2013

Every Monday night, a Manhattan Whole Foods fills with a unique breed of "buy-local" enthusiasts. They're not there for the Brooklyn-made pickles or the Westchester apples. They come because they want to buy and sell bitcoins.

The gathering is called Satoshi Square after Satoshi Nakamoto, the pseudonym for the mysterious person or organization that created the digital currency in 2009.  Reporter Audrey Quinn visits the exchange as attendees trade bitcoins for cash. Face-to-face trading seems counter to the anonymity usually associated with bitcoins, but Satoshi Square regulars say in-person bitcoin exchanges actually bring them closer to the true nature of the currency.

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Comments [3]

Kashfiya Rafa from California

CryptoCafe is going to be big in the world of Bitcoin, be sure to sign up for the big release announcement. The website is owned by a public company called Myriad Interactive, the stock symbol is MYRY and its predicted to be very big!

Myriad Interactive Media Begins Development of Bitcoin Platform CryptoCafe.com

Thanks :)

Jan. 01 2014 11:17 AM
ja. from internet

Recipe for free Bitcoin

1. Download client Bitcoin: http://multibit.org/
2. Copy "Your address" bitcoin in tab "Request"
3. Register on the site: http://freebitco.in/?r=13739 and add your address Bitcoin
4. Every hour you get a completely free Bitcoin :)

Dec. 29 2013 06:22 AM
Jonathan Epner from Bronx

While I appreciate the way that Manoush Zomorodi's wry descriptions of the Bitcoin market subtly poke fun at the absurdity of this decade's version of Tulipmania, I think the comments are a bit too subtle. The Bitcoin market is clearly a pyramid scheme with a clear and predictable end: those who did not get in and cash out in the early days will be stuck with a digital wallet full of misery and not much else.

There is no legitimate reason to trade on a digitally encrypted currency. While cloaked in a new tech hipsterish libertarian dressing, Bitcoin exists only to: launder money, avoid taxes, or speculate on a pyramid / bubble scheme. None of these are to be commended, and I think they deserve more of a direct critique by one NYC's leading media organizations.

Dec. 18 2013 09:12 AM

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