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PRISM's effect on bitcoin prices. Say what you will about the revealing of the US government’s program for phone surveillance as well as data collection from American tech companies known as “PRISM”. Since the story broke, it has clearly had an effect on the price of bitcoins. Don’t believe it? Take a look at this timeline of events from last week posted by the EFF when compared to a chart of the price of bitcoins on the Mt.

Gox market. The sell-off has continued. On Sunday, a time when the market for bitcoins is slow-moving historically, the price dropped during heavy volume trading. The link between bitcoin price and public opinion has been well discussed. That may be in contrast to what many bitcoin experts believe makes decentralized currencies important to people. “One of the things governments around the world do currently is they finance their wars and the things that they do through inflation. One could question whether or not people think that given that programs like PRISM are now out in the open. Africa: Bitcoin Fuels Africa's Banking Revolution (Page 2 of 2)

Leaping forward Many parts of Africa have managed to effectively leapfrog the era of wired telecommunications by taking advantage of cheap, contract-free mobile phones to keep in touch. In turn, the massive demand for communication has driven private sector investment to ensure the growth of wireless networks across the continent. It was therefore only a matter of time before a company woke up to the potential of a service like Kipochi. The advent of Bitcoin has provided the perfect vehicle for the next stage in the revolution.

What mobile phones have done in Africa is meet a need in a way that is affordable to the majority of the population in many African countries. There are risks, however. The growth of mobile money also represents something more profound. The transformative power of technology for Africa is actually a story of the transformation of Africans from recipients to customers, and the emergence of Africa as a place of opportunity and entrepreneurship. Bitcoin. CampBX Bitcoin Trading Platform - Buy and Sell Bitcoins Instantly. BitcoinMoxy.com. Mt.Gox - Bitcoin Exchange. Bitcoin market place - Buy and sell goods with Bitcoin.

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