According to Wikipedia, Bitcoin is an experimental virtual currency, "introduced in January 2009 by a pseudonymous developer known only as `Satoshi Nakamoto'."
Robocoin is a new way to access this currency:
The Robocoin isn’t like other ATMs. It doesn’t take debit or credit cards. It’s a cash-only machine. You put your money in, and it gives you numbers — addresses that link to bitcoins, the world’s most popular digital currency. Or, if you already own some bitcoins, the machine can scan a QR code on your mobile phone and dispense cash.Bitcoin has fluctuated wildly, driven by 2 main factors: 1) uncertainty caused by political events and 2) concerns about the security of the coin in the face of threats by hackers and regulators.
At the start of 2013, the value of the Bitcoin was $13. It reached a high of $230 on April 9. The seizure of Silk Road assets caused the currency to collapse. Bitcoin is considered to be experimental, but the concept has tremendous potential and has attracted the notice of regulators.
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