Hundreds of them have sprouted, with fanciful names like Primecoin, Dash, and Verge. They have developed cult-like followings among the tech-savvy. Their values fluctuate wildly. Some people say these mysterious bits of computer code will someday replace money as we know it. What exactly are these cryptocurrencies, and what makes people think they are worth anything at all? To answer these questions, let’s first look at how money evolved. Bitcoin pricebat to usd Obsessed with hiding her toys and food bowl, she would repetitively push the carpet with her nose, often resulting in a bleeding and scraped mess. She would actually self-mutilate in her obsession with trying to bury her toys.

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Create an account The Biden government this week signed off an emergency probe into how much power bitcoin and crypto miners are using, with the Energy Information Administration (EIA) set to begin the urgent collection of data this coming week.