What are they? What are they for? Etc
asked Jun 05 '11 at 15:48
Bitcoin is an open source currency that you can "mine" online via P2P software. You can then exchange it for real world currency. Currently, 1 bitcoin is equal to about $15 USD. There are only going to be 21,000,000 bitcoins generated ever, and they are structured to be deposited in fewer and fewer amounts as time passes and value increases, which means early adopters are at a considerable advantage.
answered Jun 05 '11 at 15:51