Could someone please explain bit-coins?

0	What are they? What are they for? Etc Thanks bit coins help-button asked Jun 05 '11 at 15:48 Gorer22 871●69●76●91

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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

chadt4
12.5k●99●157●257

0	See here for more details answered Jun 05 '11 at 16:14 shaundunne 46●4●4●8

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