Bitcoin vs. Ben Bernanke

Published on May 5, 2013
by James Freeman

Could a virtual currency created by an anonymous Internet hacker someday replace the U.S. dollar? What seems like a ridiculous question has become more intriguing as trading in the digital money called Bitcoin has surged more than 300 percent in the past year to roughly 60,000 transactions per day.

Gavin Andresen, the 46-year-old lead software developer for the Bitcoin project, is eager to find the answer. “I’m hoping to learn,” he says, whether “a nongovernmental global currency” is possible.

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