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What Is Bitcoin, and How Does It Work?

If you find the concept of Bitcoin confusing, you are not alone. The virtual currency has been a constant source of controversy, but it is still not well understood.

More here – The New York Times

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Comments

  1. Jeni White says:

    I have started to see lots of posts encouraging people to open accounts and trade Bitcoin on Facebook. Most of them saying that you just can’t lose if you do it – always a concern when that happens – it’s precisely those who open those accounts who probably will lose, I’m guessing….

  2. I agree 100% with you Chris. I don’t understand Bitcoin and I can’t value it. With a currency like the $US or the $Aust the investor can place a value on them based on the country’s economy. What backs the Bitcoin. I won’t touch it with a barge pole.

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