Illegal Bitcoin Mining Operation Tapping Cheap Power Busted in South Korea

South Korean police have arrested over a dozen individuals involved in an illegal bitcoin mining operation that used cheap electricity afforded to industrial complexes. The metropolitan police agency of Gwangju, a city in country's south, has revealed details of alleged illegal mining activities undertaken …
Google Alert – bitcoin

Bitcoin matters not because it’s fast, cheap, or easy; but only because nobody controls it. It grew spontaneously in the wilds of the internet without a central planner. After it, no alt could ever recreate this, as there’s no spontaneous market demand for a less secure Bitcoin.

Bitcoin matters not because it's fast, cheap, or easy; but only because nobody controls it. It grew spontaneously in the wilds of the internet without a central planner. After it, no alt could ever recreate this, as there's no spontaneous market demand for a less secure Bitcoin. submitted by /u/hamerH3a4
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Bitcoin – The Currency of the Internet

The Bitcoin Price Equivalence Shows What “Cheap” Cryptocurrencies Are Really Worth (news.bitcoin.com)

There’s been a lot of talk lately about market capitalization and circulating supply. As sub-$ 1 altcoins have shot up in price, some new investors have been making noises about their anointed coin being worth more than bitcoin one day. What these new entrants fail to take into account is digital scarcity: the notion that assets which are plentiful are cheaper than those with a limited supply for good reason. Bitcoin Price Equivalence is a new website that seeks to set that right.

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