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Description: On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of Bitcoin.

Source: NYTimes.com

Date: Dec 21, 2013

Link: http://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/?_php=true&_type=blogs&_r=0

Questions for Discussions:

  • Explain the way Bitcoin is “mined” and how the rate of creation is controlled.
  • How does this compare to the way a normal currency is handled by a central bank?
  • Should anyone be interested in mining bitcoin?
  • Should central banks be concerned?

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