The recent crash of popular bitcoin exchange MtGox has given some commentators the opportunity to hint at the collapse of bitcoin itself. There are historical comparisons to be drawn here with the 2001 dotcom crash or the South Sea Bubble of 1720. However, these examples can only offer a partial explanation of recent events.
QuicklyPay.it is a new “IOU” mobile app that allows you to manage split bills and group payments securely. What sets it apart from other IOU apps like Splitwise is that you can send and receive cash directly using the digital currency Bitcoin.
The cryptocurrency Bitcoin has been in the news lately with a sudden surge in value followed by a spectacular crash – not to mention the unfortunate tale of $US4 million in bitcoin on a hard drive that was accidentally dumped in a rubbish tip. Bitcoin was the first widely used cryptocurrency, but few people know it is not the only one. So how do the top five cryptocurrencies by capitalisation compare?
Dear Lifehacker, Everywhere I go, I see Bitcoin popping up. Many web services accept payments in the form of Bitcoin, and some even sell their homes for the stuff. I know it’s a digital currency, but where does it come from and how is its value determined? More importantly, should I bother earning it and using it for any reason? Thanks, Bitconfused