Teppy writes "How's this for a disruptive technology? Bitcoin is a peer-to-peer, network-based digital currency with no central bank, and no transaction fees. Using a proof-of-work concept, nodes burn CPU cycles searching for bundles of coins, broadcasting their findings to the network. Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government." Here are the FAQ, a paper describing Bitcoin in more technical detail (PDF), and the Wikipedia article. Note: a commercial service called BitCoin Ltd., in pre-alpha at bitcoin.com, bears no relation to the open source digital currency.
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Related: Crypto Tools

BBCWatcher writes "Despite Oracle CEO Larry Ellison's recent statement that his company will continue Sun's hardware business, it won't be with Sun processors (and associated engineering jobs). The New York Times reports that Sun has canceled its long-delayed Rock processor, the next generation SPARC CPU. Instead, the Times says Sun/Oracle will have to rely on Fujitsu for SPARCs (and Intel otherwise). Unfortunately Fujitsu is decreasing its R&D budget and is unprofitable at present. Sun's cancellation of Rock comes just after Intel announced yet another delay for Tukwila, the next generation Itanium, now pushed to 2010. HP is the sole major Itanium vendor. Primary beneficiaries of this CPU turmoil: IBM and Intel's Nehalem X86 CPU business."