If you haven’t encountered the idea of a Bitcoin yet, you probably will soon. And, if you’re like me, you’ll scoff, then raise an eyebrow, then speculate and then get distracted. Hopefully, I can get you through this before you reach step four.
The Bitcoin is a purely digital and completely decentralized currency which is acquired through purchase or mined digitally. The process of mining works very much like an actual mine only the mine shafts are mathematical algorithms, the depth is complexity and anyone can participate. Sounds crazy, right? Like ‘crazy-aunt-on-her-third-margarita crazy’. Well, the execs at PayPal are fascinated by it, over $150 million in Bitcoins are traded daily and major sites like OkCupid are now accepting them as payment.
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