Dude, Where's My Bitcoin? Tales of Real People Dealing With a Virtual Currency
Wednesday, December 18, 2013
Bitcoins. Bitcoins. Bitcoins. These days, you can’t swing a digital cat without reading a story about the digital currency that’s got tech and financial reporters all in a froth. It’s complicated (though h/t to Quartz and its explanation about how it all works) and at times, hard to figure out how to make it relevant to everyone else. That is until I heard two stories about bitcoin that make up this week’s New Tech City. First, there’s Gina Fox, a self-described "old mom" from Rhinebeck, New York, who misplaced as many as 100 bitcoins. So you know, in real life dollars, that could be worth about $100,000. Can she find them? Then, the second story, bitcoin goes locally-sourced near the organic aisle at a Whole Foods (and not in Brooklyn…yet…). Where bitcoin dealers meet for some face to face trading. Slightly odd considering it’s a virtual currency.