Over the last few months this seemingly simple question has crossed the minds of academics, reporters and many others. In the Centre for Digital Business our discussions have focussed on the real impact that bitcoins will have on mainstream eCommerce.
For the moment we have no definitive conclusion. However, the technology press picked up on the rapid increase in the exchange value of these things called bitcoins and, slowly, ripples of awareness have spread more widely. The enthusiasm is explainable.
The exchange rate for bitcoins has risen from around $US100 in recent months to as much as $US1,000.