Bitcoins at Puget Sound

This past week, the University of Puget Sound became the first University to accept an alumnus gift via Bitcoin, according to the Seattle Times. Here’s a primer on Bitcoin from Puget Sound senior Emily Neville.

Despite this growing prevalence of Bitcoin, some alternative currencies out there may have the ability to supplant Bitcoin. HT to Tyler Cowen for pointing to The Economist on Zerocoin, an alternative currency with many Bitcoin-esque features plus an additional one – the ability to virtually launder money. In short, where “bit washing” or obscuring the origins of currency using Bitcoin, isn’t possible, it is integrated directly into the functionality of Zerocoin. Zerocoin is currently preparing to launch – more info here.

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