30 Aug '14, 1pm

Thought much about Bitcoin? You should...

You keep hearing about Bitcoin and virtual currencies... you know they are going to take over the world and we will not need "real" money any more (also known as Fiat money). Well the truth and rumor as usual are far apart. Bitcoin is a virtual currency that use wallets to store and spend money. Bitcoins are created by "miners". Mining is basically done by computers that run complex mathematical algorithms to solve equations. When the equation is solved, a Bitcoin is rewarded. There are major retailers like Dell, Overstock.com, Dish Network to name a few and there are certainly more coming. There have been two major challenges to the adoption of Bitcoin. The first is just the understanding of how to use it for the average non-techie type person. Thats being overcome with services like Coinbase.com and others. The second and more challenging is the fluctuation in the price ...

Full article: http://www.bubblews.com/news/6458000-so-what-is-bitcoin

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