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.
|WTF Is Your Social Media ''Strategy''?|
|Social Comparison on Facebook Can Lead to Depression|
|"Google, Facebook, Microsoft, and the other tech titans have had to fight for their lives against their own government."|
|The Propaganda of the 21st Century: Fake Social Media Identities to Spread Pro-American Propaganda|
|The YouTube Time Machine|
|CaptchaTweet: Write Tweets in Captcha Form|
|“It's not more expensive to build and it's hugely cheaper and more efficient to live in.”|
|“But what about when those technologies destroy the environment?”|
|What Nothing Really Means in Seinfeld|
|Can a Ceiling Fan be Converted into a Turbine Generator?|
|The (Very Scary) People of Public Transit|
|How to Avoid Jury Duty|
|U.S.S. Enterprise Owner's Manual|
|Fake Name Generator|
|Naked Preacher Lady [NSFW]|
|If Sir David Attenborough Restored Vintage Toys|
|“How easy it is for anyone who tracks our digital activities to gain insight into our personalities.”|