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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