Tag Archives: Silk Road

Bitcoin: goes mainstream, breaks $31, bounces off $10

Its been a big week for Bitcoin, everyone’s favorite p2p digital cryptocurrency. There was a spot on CBS a post on Smart Money and two Senators pushed for “something to be done!” Most all of the recent buzz can be linked to the Gawker article about Silk Road, an underground digital market place that sells drugs. But in this case the buzz was big enough to attract some interest from the main stream media, albeit from the weird offshoot of needing to fill a 24 hour news cycle.

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Bitcoin’s Silk Road

A recent Gawker article about online drug sales highlighted the virtual currency Bitcoin’s use in black markets. Bitcoin has been on a roll lately, receiving publicity and raising awareness. That fact is reflected in the value of a Bitcoin vs the US dollar. That’s a hell of an increase in a short time.

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