06 May '13, 8pm

Here's an explaination so you can stop saying "What the hell is a BitCoin!?"

Here's an explaination so you can stop saying "What the hell is a BitCoin!?"

The Bitcoin is a digital currency that is entirely anonymous and isn't controlled by any government or entity. Existing on peer-to-peer digital forum, consumers purchase Bitcoins and store them in an online Bitcoin wallet free of banking or government intervention. The popularity of Bitcoin has soared to astounding heights in a speculative market, which has guaranteed the existence of a Bitcoin bubble. Based on complicated mathematics and cryptography, the rise of Bitcoin has converted a wealth true believers through its promises of total anonymity while eliminating the possibility of government-bred inflation.

Full article: http://www.chacha.com/gallery/5780/what-the-heck-is-a-bit...

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