Anyone attempt to explain why the exchange rate for coins has increased so much recently?
I use bitcoins fairly regularly for transactions and I use MtGox as the exhange house. From the beginning of the year the rate was ~£3 and change the price has gone up in the last month to ~£5 and some change.
Im not an expert or involved in the community but Im an armchair economist and obviously want a good deal when Im exchanging. Prices on the other side don't seem to have changed much. So is it a spot of inflation? Or some other reason.
Also if someone from the UK can recommend a better method than waiting up till 4 in the morning for MtGox to credit your account Id love to hear it. Not really a fan and the shoddy and lazy service along with the rocketing exchange rate has made me hunger for change.