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Bitcoin, explained - Vox

Bitcoin is the world's first truly open financial network. MasterCard and PayPal place limits on who can build applications using their platforms and what those applications can do. The Bitcoin network has no such limitations. This openness could lead to a fast pace of innovation in the coming years.

The internet provides a good point of comparison. In the 1980s, the internet was complicated and...

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Bitcoin’s Price Surge Has Made Mining Lucrative ... -

Mining Bitcoins uses more electricity than entire countries.

Greed has many costs.

Siegfried Layda/Getty Images

The price of a Bitcoin reached a record high of $16,601.77 Thursday morning before falling to $15,500, in what has been a weeklong tear in a price that was $10,000 a month ago and just $1,000 in January.

As the value of the digital currency has climbed, so has the amount of energy...

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