3 burning questions about bitcoin in higher ed

Everything you need to know about bitcoin, from its lack of origin to its staying power

bitcoin-colleges-fad1. What is bitcoin?

Bitcoin is an open-sourced online currency, a completely digital form of money that can be shared through a peer-to-peer payment network. Created in 2009 by Satoshi Nakamoto, a name many believe to be an alias, bitcoins can be used to purchase just about anything online, from pizza to pornography.

Though this “crypto-currency” lacks any national origin or backing, it still operates with an exchange rate like physical money – meaning it usually costs traditional currency to obtain the digital kind. Right now, one bitcoin costs about $800, though the market is constantly changing.…Read More