Bitcoin is the first decentralized digital currency you can send through the Internet. Started in 2009 by Satoshi Nakamoto, Bitcoins can already be used to pay for some products and services -- and even traded for analog money.
As GigaOM explains in their analysis of the Bitcoin phenomena:
That's the difficult part, of course. Why would anyone use a virtual currency that has no "real" value, and is based on a system run by a group of shadowy hackers? Some programmers have started to accept payment in Bitcoins, but that's not really a great indicator of a robust monetary platform -- in a sense, it's just like people exchanging goods or services in a barter system, something that is a big part of what economists call the "underground" or shadow economy. Supporters (including the Electronic Frontier Foundation) promote the idea that Bitcoins are free from government interference and can't be frozen or devalued by anyone.
Currently, one Bitcoin is worth about $7.30 CAD.
|Jeremy Clarkson Explains Amazon Air Prime|
|“The use of AI assistants may dramatically accelerate and broaden what might be looked back on as a global period of cognitive decline.”|
|“This is the future of fake news.”|
|Documentary on Technological Unemployment|
|Self-Driving Cars That Go Find Parking by Themselves|
|CaptchaTweet: Write Tweets in Captcha Form|
|“Bulgaria is hemorrhaging citizens at a rate of 164 per day.”|
|What Nothing Really Means in Seinfeld|
|How to Make a Cheesecake that Looks Like Cheese|
|“It's not more expensive to build and it's hugely cheaper and more efficient to live in.”|
|iPhone 6, the First Smartphone to Disrupt NSA's Spying|
|The (Very Scary) People of Public Transit|
|“Social media is the publisher, not just the postman.”|
|How to Avoid Jury Duty|
|“How easy it is for anyone who tracks our digital activities to gain insight into our personalities.”|
|“Featuring over 2,000 flags in motion to Ludwig van Beethoven.”|
|“Without ads, how does Netflix manage to make money?”|