The virtual currencyBitcoin is making big waves these days. After a huge rally the Bitcoin has hit an all time high of over $266. Then yesterday it dropped by about 50%. The Winklevoss Twins are not moved by this crazy volatility and actually bought more. According to New York Times, the Winklevii own about Bitcoins at the value of $11 million.
Bitcoin was created by an anonymous Japanese person or group. To earn Bitcoins you need to solve mathematical riddles. Bitcoins can be traded on several exchanges.
If Bitcoin really will the future government independent currency remains to be seen. I am pretty sure that governments will step in when Bitcoin reaches a size that it will really compete with traditional currencies.
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
Robert Griffin III Has Dislocated Left Ankle
Washington Redskins quarterback Robert Griffin III suffered a dislocated left ankle injury during his team's 41-10 win over the Jacksonville Jaguars on Sunday. A return this season has not been ruled out.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.