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People are mortgaging their houses to buy Bitcoin
Bitcoin is sitting at $16,674 at the time of writing, after rocketing from $1,000 to more than $19,000 in the course of this year. Those types of eye-catching numbers (and the resulting media hype) are bound to draw the interest of casual folk. But, unless you've got money to burn (like Bitcoin billionaires, and Zuck's Harvard-era nemeses, the Winklevoss twins), most analysts will tell you the same thing: steer clear of the hyper-volatile currency. (Even those dabbling in it have lost tons of cash to cyberattacks on Bitcoin wallets).
Google Mine service reportedly leaked, lets Google+ friends share real goods
Google is big on sharing all things virtual, but it hasn't done a lot to spread the wealth in the physical world. That could change soon: Google Operating System claims to have spotted an in-development Google Mine service that can simplify lending tangible goods. Users can list what they're sharing, offer items to their Google+ circles and keep track of who has what. The web version can reportedly show a collection in 3D through a WebGL viewer named Katamari, and there's also an Android app in tow. The feature set sounds ideal for generous Google+ users; the real question is whether we'll get to use any of it. Mine is supposedly limited to internal testing for now, and only some of Google's initiatives ever leave its campus. Google hasn't confirmed the effort, but the company tells us that it's "always experimenting" with features and doesn't have anything to share "at this time." Connected borrowers will just have to be patient, then -- assuming the service launches at all.
Penguin slinks back into e-book lending for New York City libraries, with a possible catch
You might say Penguin has had a rocky relationship with libraries. That looks to be on the tentative mend, as the publisher and 3M have together cut deals with the Brooklyn Public Library and New York Public Library to bring Penguin's e-book catalog back as part of a test program. Under the terms of the one-year project, the libraries will pay retail-level prices once a year to keep any given e-book available, no matter how many times it's virtually borrowed by residents in the boroughs. The book publisher is taking a page from its delay-happy movie industry friends when it comes to new releases, though: fresh titles won't show up at the library until they're six months out from first sale. You won't be reading the latest Clive Cussler novel right away, then, and 3M's lack of relevant formatting means no Kindle borrowing just yet. Even so, it's good to know that we'll soon have no trouble borrowing Penguin's edition of The Mayor of Casterbridge without having to hop on the subway first.
3M launches its Cloud Library e-book lending service, hardware and apps in tow
Almost a year after it was first announced 3M's Cloud Library e-book lending service is getting a proper rollout. Introduced today at a beta site in St. Paul, the system is now ready for its kiosks, e-readers and apps to hit the hands and eyes of library patrons. The touch-based Discovery Terminals allow catalog browsing for visitors and selections can be checked out -- along with 3M's eReaders -- like other library materials. Already have a mobile device? E-books will play nicely with your iPad, Nook or Android device via the Cloud Library app. If you find yourself needing to read a bit on your computer, checked out items are compatible with both PCs and Macs as well. "With this technology, we are able to offer cutting-edge technology to all our patrons, whether they own their own e-reader or not," said Kit Hadley, director of the Saint Paul Public Library. A handful of other library systems across the US have also implemented the service. The list of those sites and all details on the introductory period await your click in the PR below.
Penguin halts over-the-air Kindle borrowing again, this time it's serious
Penguin already signaled it'd stop providing newer titles to OverDrive's lending service, but apart from a temporary interruption last year, Kindle borrowing of older books has escaped largely unscathed. That's no longer the case: as of this month, Penguin says that "eBooks loaned for reading on Kindle devices will need to be downloaded to a computer then transferred to the device over USB." Why add the extra hassle, compared to direct wireless transfer via Amazon's servers? According to Infodocket, Penguin has simply indicated that this form of distribution breached the terms of its agreement with OverDrive. However, the American Library Association (ALA) has a more developed explanation of what's going on in this nascent industry. It says that publishers are worried about the lack of "friction" involved in eBook lending, compared to the effort required to visit a physical library. This, the ALA thinks, is leading to fears that readers will borrow more and buy less. So, perhaps the wireless delivery of borrowed titles to Kindles was just too easy for Penguin's liking?
3M announces Cloud Library e-book lending service for '21st century' libraries
Both Amazon and Sony have already hopped aboard the e-book library lending train and now, it looks like they'll have to make room for 3M, as well. Yesterday, the company announced a new Cloud Library e-book lending service that will allow users to browse and borrow digital books directly from their iPads, Nooks and Android-based tablets. Under the program, 3M will outfit local libraries with its own software, hardware and e-book collection, which bibliophiles will be able to access via special apps, or 3M's new eReaders, which will be synced with available digital content. The company is also planning to install so-called Discovery Terminal download stations in libraries, allowing visitors to leaf through the collection from a touch-based interface. Thus far, both Random House and IPG have signed on to the initiative, though licensing details remain murky. There's also no word on when or where the service will launch, but 3M's Discovery Terminal and iPad app will be on display next month in New Orleans, at the American Library Association's Annual Conference. Full presser after the break.
Kindle Library Lending will let you take books out on your e-reader or Kindle app, launching in US this year
We love books. We just don't love carrying more than one of them around. It's great to hear, then, that Amazon has figured out a new Kindle Library Lending feature, which will allow US customers to check the ethereal form of books into their Kindle (all generations are supported) or Kindle app-equipped smartphone or computer. Annotations will be retained, in case you decide to take the book out a second time or purchase it through Amazon, in which case they'll come flooding back in like fond memories of a good read. The service matches Sony's similar ebook library checkout offering, which is no coincidence as it's powered by the same company, OverDrive. It's set to launch later this year and you can read more about it in the press release after the break.
Amazon blocks Lendle e-book sharing service (update: it's back!)
Whether via public library or personal collection, e-books may be getting harder to borrow and loan out -- HarperCollins put the squeeze on government-funded rentals last week, and today Amazon has allegedly disabled e-book sharing startup Lendle with one fell stroke. Lendle allows readers to trade e-book rentals, in a fashion, by tapping Amazon's API to list books they agree to loan out, and in return, gain access to a Lendle database of books available to borrow from readers like themselves. The service allegedly fell under the auspices of Amazon's existing 14-day, one-time-only loaning policy, but that didn't stop Amazon from revoking Lendle's access to the API, effectively shutting the service down. According to the no-reply email Lendle received, the reason is that the service doesn't "serve the principal purpose of driving sales of products and services on the Amazon site." Perhaps there's some deeper reason behind the move, but that explanation certainly sounds pretty narrow-minded. Update: Well that was quick -- Lendle is now reporting that Amazon has reinstated its API access under the condition that Lendle disables its Book Sync tool, which is a non-essential feature anyway. Great, just in time for bedtime stories on the west coast as well.
Amazon enables Kindle e-book lending
This is great news for the mom of at least one Engadget editor (who has been despairing at her inability to share e-books with Aunt Kathy). That's right: Amazon has enabled Kindle book loaning on select titles. Of course, there are caveats: books can be loaned only once, for a period of fourteen days. As you'd suspect, the loaned books can be read using the e-reader itself or the free Kindle app for any of your various devices (including iOS, BlackBerry, Android, PC, and Mac). While a book is being borrowed you can't read it yourself, and the publisher has the final word on which titles are eligible for lending. Exciting, right? At least as exciting as the opportunity to finally discover what The Secret Life of Bees might be.
