Understanding Bitcoin

Yesterday the price of Bitcoins, the alternative computer currency, rose above $1000.  More companies are accepting Bitcoins – Virgin Media apparently accept them as payment for their Virgin Galactic flights.  And there is a man from Newport in South Wales who chucked away a computer containing a ‘digital wallet’ of Bitcoins worth £4m!

So……if you are mystified – ‘what are Bitcoins?’  Or if you’d like to know whether it is worth trying to  mine them using your own computer to crack the codes, listen to our 2 part series on Bitcoins where Pod Academy’s Alex Burd talks to world expert on Bitcoin, Vili Lehdonvirta of Oxford University’s Internet Institute.

 

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