Bitcoin prices were pretty flat from the end of September through early October, but then (relatively at least) doubled slowly. Then they doubled quickly. And then even quicker—before falling ... Matthew O'Brien at the Atlantic has a great piece back in April on why Bitcoin is not a currency but a pure bet. I have to agree. Simply looking at the chart above, one can clearly see that price ... That's Bitcoin, the virtual currency you can theoretically use to buy things online. See, there's a predetermined number of bitcoins that will only grow at a low rate until 2040—and then stop. Matthew O'Brien is an associate editor at The Atlantic covering business and economics. He has previously written for The New Republic. Bitcoin could be Paypal 2.0, but it will never be the dollar 2.0. Not when prices would have had to fall 98.5 percent the past year if they'd been set in terms of Bitcoin.. Matthew O'Brien
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