What Is Bitcoin?

 

Last weekend I heard some friends talking about a new currency you can "buy and sell" but which doesn't really exist. Bitcoin. I was very surprised and decided to find some information about it. This is what I found. I'm always amazed to see what people can think and do and the way things change based on what we originally consider crazy ideas.

If you find it interesting, click on the final link to read the complete article.

 

What is Bitcoin?

 

Maybe you've heard of Bitcoin—it wants to shake the entire global economy, and has become the financial bubble du jour with a skyrocketing value. It's online money—an alternative to dollars and euros. Well what's that mean? It's complicated, but we break it down.

Bitcoin is an anonymous digital currency...

Bitcoin is not real money. It's an online "currency"—virtual tokens that can be exchanged for goods and services at places that accept it, the same way you'd give someone a dollar for a cookie. But unlike a dollar, a Bitcoin has no serial number or any possible mechanism that could be used to trace it back to a buyer or seller. This makes it attractive to drug dealers and/or privacy advocates.

...with mega aspirations...

 

If you want to read the complete article by Sam Biddle, click here:

Bitcoin