What is Bitcoin?

"Bitcoins are digital currency you can send through the internet. Bitcoins are transferred person to person (P2P like a bittorrent) without going through a clearinghouse, like PayPal. You can use them in any country, your account can not be frozen and there are no arbitrary limits."

And, I assume, your transactions can not be traced. Not yet, that is.

Watch the video for details.

Bitcoin P2P Virtual Currency

Edit: see also The War on Digital Currency

 

What is Bitcoin?
The Bears Explain Bitcoin
Bitcoin Explained

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