MIT’s Technology Review recently published an article stating that speculation has driven the value of a Bitcoin (a digital currency) to jump 4 times, over a period of just three weeks. I attribute this in part to an increase in awareness around the virtual currency over the last 4 weeks (mostly due to the increase in Bitcoin features in online publications). This post therefore looks to examine the hype around this cryptocurrency.
Bitcoin is an alternative currency concept which proposes a system for tradeable monetary-like transactions in a peer-to-peer network. Its usability is much like virtual currencies used in online games where users trade virtual currency for goods or fiat currencies (currency that a government has declared legal tender).


