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Archive for May, 2011

Bitcoin Local Exchange

May 25th, 2011 4 comments

We are starting to experiment more with Bitcoin at the space.  Bitcoin is a peer-to-peer digital currency system.  The first step for us is to setup a public local bitcoin exchange.  The purpose of a local exchange is to enable people to trade cash for bitcoins.  During the Tuesday meetings you can find somebody who has bitcoins and make an offer.  The idea for a local exchange is you can visible see the existence of the sellers bitcoins and there are no minimum amounts required to purchase/transaction fees.  For an idea of the estimated price per bitcoin check the going rate at Mt. Gox.

Depending on the popularity of bitcoins, you can expect to trade for services and things at the Hive.