BitCoin, a decentralized digital currency you can send through the Internet or trade for analogue money, is now worth $33. The surge, reportedly, coincides with Japan-based MT GOX, "Bitcoin's biggest exchange, announcing a tie-up with US firm CoinLab to bring its operations to the States."
Unlike other currencies, Bitcoins are not issued by a central bank or other centralised authority. Instead they are created in a process called "mining", in which coins are issued to a user when they solve a complicated mathematical problem using their computer.
Part of the attraction is they can be used to make transactions that are difficult to trace, offering privacy to their users, and the currency has been adopted by Wikileaks and other sites to receive donations.
Bitcoins can also be exchanged for "real" money - the value of which is tracked by services like Mt Gox.
|Never Not Find What You're Looking For Again|
|FutureMe: Send Your Future Self an Email|
|"Stop Making Me Sign Up": Against the Annoying Requirement to Register to Visit a Website|
|Microwhat, Before-and-After Pictures of Microwaving Everything|
|12% of e-mail users have actually tried to buy stuff from spam|
|“Social robots will be uniquely personal.”|
|“Bioinspired Polymeric Woods.”|
|“The more employees are watched, the harder they try to avoid being watched.”|
|How to Avoid Jury Duty|
|“When Life Gives You Lemons.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|The (Very Scary) People of Public Transit|
|Why, Typewriters Are Alive and Well, Thank you|
|CaptchaTweet: Write Tweets in Captcha Form|
|Fake Name Generator|
|“Robots are key to a new wave of local agriculture.”|