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.
|Remember the Internet?|
|Comic Sans EVERYWHERE for Chrome Released|
|An introduction to @Identica: Where The #Linux Elite Meet|
|Mozilla CEO: "If you don't understand the Internet, you don't have any place in government"|
|"They said they had been unaware that domains associated with their homeland were being sold for profit."|
|"A helpful guide created by an unqualified individual."|
|"An unabashed love letter to the 1982 motion picture Blade Runner."|
|Making a Movie Inside a Video Game|
|“Robots should be fitted with an 'ethical black box' to keep track of their decisions.”|
|“What if energy generation was a consumer electronic you could order off Amazon?”|
|"A real-time surveillance machine that has been developed for online advertising is rapidly expanding into other fields."|
|Fast, Clean, Cost-Effective Metal 3D-Printing|
|"You only need about 100 miles by 100 miles of solar panels to power the entire United States."|
|"State borders are a lot weirder than they first appear."|
|Google Map Shows You the Most Photographed Areas of the World|