Users pay on average $12 per month to be part of the "A-List," which allows them to view profiles anonymously. There are over 4 million active users.
The site says real prices will still be in dollars and will use real-time exchange rates for Bitcoin. Each Bitcoin is currently valued at $68, following a volatile two weeks in which the price jumped from $30 to $250 and back.
When asked why, Sam Yagan, one of the company's founders, had this to say: "Our plan is to liquidate our holdings daily and turn them into US dollars. There's an open question as to how much liquidity there is. I think there's going to be a tremendous amount of volatility. One of the reasons why we want to be early in the mix is so we can learn."
View this great video explaining Bitcoin here:
Bitcoin Explained from Duncan Elms on Vimeo.
Written by: Andre Yoskowitz @ 16 Apr 2013 20:47
