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Bitcoin; the once elusive currency reserved for shady transactions on the deep web has become popular over the past 12 months, but a recent collapse has its integrity in question. Firstly, it is important to understand what bitcoin is. For the uneducated, Bitcoin is a digital only 'currency' that is used like regular money, to make transactions, with the added bonus of (possibly) being anonymous. Due to an exploit in Bitcoin and in the online wallet service, Mt. Gox, Many people are raising an eyebrow about the reliability and integrity of the currency. Goldman Sachs, a HUGE investment banking company, recently weighed in and called Bitcoin a "speculative financial asset", not a currency. Personally, I think the currency, which was created with the purpose of being an anonymous hard currency, has failed because it has gone to the mainstream. The money isn't heavily secured, as the recent online bank heists have shown, and has no real advantage for the public. Bitcoin worked fine, amazing even, as a P2P currency only used by the deep web community, but its gotten to big and needs regulation to stay constant. This, however, is against the very nature of BTC and will therefore not be supported by the community. All in all, BTC is an interesting idea that worked on the micro scale, but cannot hope to function on the macro.

Bitcoin, a wildly popular virtual currency has reached the status of a billion dollar market. For those unaware, Bitcoin in an online currency and market, somewhat like Paypal. What makes it different is that it strives under no rules or government regulations. It works on a peer to peer basis, where a database journals transactions and ensure security among it's users. Created in 2009, Bitcoin hasn't been able to hit the mainstream market, that is, until now. Up until this point, Bitcoin has been seen as a shady form of currency, used mainly to conceal illegal transactions over the internet. However, due to the support it has been given by large networks such as Reddit, Bitcoin has been able to access a mainstream market, where it continues to grow and prosper today. It is clear that virtual currency will have a chunk of market space in the future, but how long until the government tries to shut it down or bare down regulations? And if these regulations are in place, will online markets such as Bitcoin be able to remain popular? Only time will tell.

The Bitcoin and "Coin" are two different virtual currencies with no intrinsic value, but still give the capability to purchase whatever you want as a consumer. Bitcoin is a digital crypto-currency that is ran over the internet. It runs off of bitcoin miners and traders. The currency "coin" however, still uses your countries own currency. It is a beta-project of a credit card, that can hold all of your cards into one. You can have your debit, visa, and mastercard all on the coin. This simplifies purchasing goods because you only need one card that can do many specific things. This article compares the two types of future currency. After reading this article I believe the "Coin" is a safer and more reliable option. It allows us to use actual tangible money, and this money is non-volatile and regulated by the government unlike Bitcoin which goes through many spikes in prices.

Bitcoin is a digital currency that can be used to pay for a variety of goods and services online. It works like paper money, as in it can make purchases online, but it is primarily used in data form so you can trade it between peer and peer online. It is accessed by an online service that is gained through mining. The mining process includes running software performances and in return you are awarded a small portion of Bitcoin. You can also purchase Bitcoins using a wallet software. It requires a bit of disk space though. This new form of currency can be the change in the electronic economics. It is different from the other forms of online payment options that we are used to, like debit or credit cards. It is easier to obtain such currency, and it does not cost actual money. However, it is accepted only at limited service or goods websites. Also, a wallet software account is required in many cases. In addition, it may not be convenient or the best choice for all the consumers. This currency has a specific focus on who it is designed to target.

The "Bitcoin rush" is very similar to what the gold rush was in the 1800s. Only a virtual version. BitCoins are a form of digital currency that  Driven by the Bitcoins value of around 256.00 USD, people have set up rooms with high-tech PC's dedicated to mining BitCoin.

Ebay, a service beloved by all, is an online market place for the buying and selling of goods. This week, Ebay has been at the forefront of innovation yet again. The tech giants are now allowing sales to be made in crypto-currency (aka virtual currency; think Bitcoin or Dogecoin). This is a very interesting move considering the companies usual apprehension over the digital world; having a long-standing policy against digitally downloaded items. Ebay is widely renowned and is used by people everywhere, and making virtual currency a payable option shows how far the idea has come. Bitcoin started out as a crypto-currency reserved exclusively for less than savoury characters on the dark web. However, the currency has been since thrust into the light and has become wildly popular; going for $600 a bitcoin. This is ultimately a win for Ebay and for us the consumers. Another way to pay can make new transactions much easier and efficient, no need to bring a third party in (PayPal). All in all, this new move by Ebay is another step in legitimizing online currency and making it available to the masses.