People worldwide have opened 41 million bitcoin accounts, according to the Bank of England. While the total value of bitcoin commerce isn’t known, Gil Luria, an analyst at Wedbush Securities Inc., estimates global spending on goods and services has doubled in the past year. Parents are dispensing allowances in bitcoins so their kids learn to be digital citizens. Marijuana smokers are buying buds from bitcoin-enabled vending machines. Consumers in emerging markets such as Brazil and Russia are starting to use bitcoin to hedge against currency volatility. [Bloomberg]
10 Year-Old Summering In The Hamptons With Full-Time Nanny, Filet Mignon Dinners, Private Jet Rides Doesn't Think Doubling His Allowance Is Too Much To Ask
Attention mom and dad of this anonymous pre-teen: apparently it's time to loosen the purse strings, ya cheap pricks.