Bitcoin breaks A$1,000 mark

If you’ve got Bitcoins, you’re rich! The virtual, non-geo specific currency Bitcoin has just broken the one thousand Australian dollars mark. If you’ve seen the light and are running...

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If you’ve got Bitcoins, you’re rich! The virtual, non-geo specific currency Bitcoin has just broken the one thousand Australian dollars mark. If you’ve seen the light and are running off to start making your own bitcoins, I wouldn’t bother. Bitcoin was designed to currency that a finite amount were ever created and to create one now requires enormous compute power over a long period of time.

This means the only practical way to obtain a bitcoin now is to trade in them, just like other currencies except you’ll never hold it in your hand. As bitcoin grows in popularity (and value) we’re seeing more and more storefronts accept Bitcoin as a valid currency.

Let us know in the comments if you have any Bitcoins. You can watch the value of Bitcoins climb and fall at http://bitcoinwisdom.com/markets/mtgox/btcaud

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This post is authored by techAU staffers. Used rarely and sparingly when the source decided to keep their identity secret, or a guest author who isn’t seeking credit.