Bitz (Currency)

Bitz are a digital currency, commonly used on the afternet due to early deals with online stores and ad agencies, created by dataBank and managed by the Bitz Economic Panel. They could originally be received by clicking ads; online purchases in COINs can provide Bitz, while ads that lead to online purchases provide bonus Bitz upon purchasing a related product with COINs. The current system, Bitz 3.0, also allows the mining of Bitz in a manner similar to cryptocurrencies such as Bitcoin and Etherium.

History
Bitz were originally created in 12003 GHE by Kaleb Carson, with the goal of creating a new ad-supported currency that is freely tradable with COINs, but would discourage use on Black Markets by refusing to convert Hex to Bitz or vice-versa.

In 12016, the qBitz Card, a physical card meant for spending Bitz at brick-and-mortar stores, was revealed at TechniCon. The qBitz concept has not yet been implemented for use by the public, although it has been confirmed to still be in development.

Bitz and COINs
Bitz can be used as a substitute for COINs and vice-versa, however the two currencies can only be converted in the form of an afternet transaction for a physical product or for software downloads. Subscriptions, services and all other transactions cannot be purchased with a mix of both currencies.

Bitz and Hex
Hex cannot legally be accepted in return for Bitz. Trading Bitz to recieve Hex is also illegal, although police are more successfully able to track and prosecute someone for selling Bitz than for selling Hex.