03 Apr '15, 1pm

So, what is this bitcoin thing?

So, what is this bitcoin thing?

To the mainstream population, virtual currency remains a great mystery. Virtual currency is a tool of the informed and an arcane secret to the uninformed. This division between the tech savvy and the mainstream audience has yet to be bridged by any virtual currency entrepreneur. However, education remains the great bridge builder in this situation. The problem is crafting a simple guide to bitcoin that is easy to understand and allows users to clearly understand the steps to getting started with bitcoin. First users simply need to understand the basic nature of bitcoin. "The easiest way to define bitcoin is money for the mobile age," Michael Vogel, CEO of Netcoins said. "Bitcoin is both a payment platform and a monetary system." The second concept every user needs to understand is that because of bitcoin’s decentralized nature, there is no authority that controls bitcoin. ...

Full article: http://www.mobilepaymentstoday.com/articles/so-what-is-th...

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