BItcoins

A first of its kind cryptocurrency created in 2009 bitcoins were mostly used in sketchy online deals as they are decentralized an could be traded and cashed out essentially anonymously but are starting to take hold in more mainstream markets. Yesterday a bitcoin public ATM opened in Vancouver Canada. However it still takes a lot of criticism from most economist as its value isn't really based off of anything, creating an unstable value point that frequently fluctuates with what speculators are willing to pay for it. Plus it is not accepted as currency in many places. Also Bitcoins differ from most other currencies because its transactions are irreversible and is uninsured. To me the convience of having an virtual online currency is a solid idea but there is a ways to go in developing bitcoins to where they are widely accepted and more stable value wise if I was to ever use them or a majority people would use them. Which is unlikely since they are decentralized and most governments like having control over the predominant currency people use.