Online-Only Currency BitCoin Reaches Dollar Parity 517
IamTheRealMike writes "The BitCoin peer to peer currency briefly reached exchange parity with the US dollar today after a spike in demand for the coins pushed prices slightly above 1 USD:1 BTC. BitCoin was launched in early 2009, so in only two years this open source currency has gone from having no value at all to one with not only an open market of competing exchanges, but the ability to buy real goods and services like web hosting, gadgets, organic beauty products and even alpaca socks."
In other words (Score:5, Funny)
The US Dollar will soon be worthless?
*ducks*
Sorry (Score:3, Funny)
...but I only accept payments in Beenz or Flooz
Obvious question (Score:5, Funny)
Do alpacas really wear socks?
Re:Sorry (Score:2, Funny)
But THIS time it's DIFFERENT! This time there's crypto-decentralized-cloud-p2p-trust-digitalness in it! It's more privatey! That makes it way better and more underground, so it's required that everyone on Slashdot will switch to it at once.
Re:not another currency, please! (Score:4, Funny)
Not entirely true.
Gold is high density, malleable and corrosion resistant so it makes great bullets.
The True Measure (Score:4, Funny)
and even alpaca socks.
They have finally arrived.
Re:In other words (Score:4, Funny)
The differences between the US and Zimbabwe are that the US is the world's #1 economy, the US is a center of innovation, the US preserves inalienable rights. Because of the faith and credit of the US, we can basically print as much money as we like.