Bitcoins. Have you heard of them? I just did today, when I read yesterday’s newspaper.
According to the news, the first-ever-in-the-world Bitcoin ATM is opening today in Vancouver, British Columbia. The way it works is, you scan your palm on the machine (quite literally “wave” – see what I did there?) and you can then put as much as $3,000 into your Bitcoin account, or “wallet.”
Sounds easy enough, but then I wanted to know how one spends all this money. The answer: on the internet! Apparently, WordPress accepts Bitcoins. (I haven’t looked it up, I’m just going by what the news says.) But how does WordPress know that the Bitcoins I’m spending are actually my Bitcoins? After all, a palm scanner isn’t a regular household appliance….yet. So I decided to google “How does a Bitcoin work.” I got this: Bitcoin: How it works, which didn’t help me much at all. On first glance it looks a little bit like PayPal. I lost it at the map. Check it out for yourself.
If this system of Bitcoins doesn’t fall flat on a wave of confusion, it just might end up what separates the middle-aged from the youth of today. My mother can’t use a debit card – can’t understand the concept. Maybe this is where the youngest tip of the baby-boomers like me get to wave bye-bye to Generation X.