For those that haven’t been following the wild ride that is BitCoin over the past few years/months/weeks/days quite a lot has been taking place.
As BTC continues to rise in value, exchange platforms like Mt.Gox are getting hit hard with DDoS attacks in attempt to influence markets. Some are saying this is the work of hackers trying to make the price dip so they can gobble up cheaper BTC.
On the other side of the coin (pun fully intended) is a form of altruism that’s sprouting up from users who own the currency. Many are finding themselves exponentially richer because of the price surge that’s occurred over the past month. A lot of those people are choosing to pay it forward.
For instance, there are people are who are using it to feed the needy and help social initiatives in their neighborhoods. Example: https://www.smore.com/e36w
A lot of people have invested in BitCoin because they’ve become disillusioned with current the global economy.
We’ve known for decades that there are enough resources in the world to make sure everyone has a decent quality of life, yet still, many suffer.
BitCoin is an attempt (a novel one at that) aimed at changing the world we live in. Many will use BTC as a chance to get rich, but it’s good to see others exercising compassion with their newfound wealth.