Source: freerepublic.com
By now, we’re all tired of hearing about the virtual currency turned investment craze known as Bitcoin. Created in response to the 2008 financial crisis, anarcho-capitalists hailed it as the decentralized future of commerce. But as prices soared and the biggest names on Wall Street bought in, Bitcoin became mostly known as a speculative, unregulated investment. Think Beanie Babies, but you can also use them to buy drugs and engage in human trafficking. Perhaps the most remarkable Bitcoin storyline recently has been just how much computational horsepower it takes to create the virtual currency: some 26 quintillion calculations per second....