Here ’ s our simple guide to Bitcoin
What is Bitcoin ?
Bitcoin is a peer-to-peer electronic cash system or “ cryptocurrency ” that doesn ' t rely on trusting one central monetary authority and allows for anonymous , untrackable and untaxable transactions .
Where can I spend bitcoins ?
Cause of the fact , that the Bitcoins is untrackable , alot of illigal payments are used by Bitcoins useres . Also called the Silk Road . Beyond Silk Road , you can also spend bitcoins on line at Reddit , Wordpress and Mega but so far there aren ’ t so many places in meatspace that accept it yet , with the exception of a few bars with connections to the Bitcoin community . You can see a more comprehensive list of where to spend bitcoins here . Paypal is discussing accepting the currency , which could give it some much-needed legitimacy .
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