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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 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.

ow that we're coming into the final stretch before the iPhone 4S is released, photos, videos and even a few benchmarks have begun to trickle online by people who have received their shipments ahead of October 14. Earlier today we were treated to a nice video by Stuff.tv that demonstrated a few of Siri's many abilities out in real world conditions - currency exchanges, temperatures and alarms setups. Now we have a much more thorough video from one lucky YouTube user that features the depth of Siri's knowledge along with a few oddball questions for good measure. Conclusion? Siri is looking more and more impressive by the day.