While the Mexican peso and the Polish zloty had a good year, there was one currency that outperformed them all — by an order of magnitude. That’s no secret to those reading this, but it will be to reader’s of Sober Look (@SoberLook), a financial blog with a global audience Excerpts:
"It’s not issued by a country, nor is it a precious metal or a rare-earth. Bitcoin is an electronic currency that can be exchanged for some goods and services, particularly online. The currency is not controlled by a central bank."
"For more background on Bitcoins see this story from Wired Magazine (Wikipedia does a terrible job describing this process)."
"Therein lies the flaw of the Bitcoin concept: transaction anonymity attracts illicit activity."
"So why has the currency tripled this year? A number of rumors have been circulating in the online forums trying to explain the rally."
"Nevertheless Bitcoin is the 2012 winner for the best performing currency against the dollar."
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