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Bitcoins - can anybody explain ?

Bitcoins - can anybody explain ?

Old Mar 16th 2013, 6:18 am
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Default Bitcoins - can anybody explain ?

http://en.wikipedia.org/wiki/Bitcoin

I don't really get it . I read on Al Jazeera's website that they're worth $40 dollars each right now .
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Old Mar 16th 2013, 8:37 am
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Default Re: Bitcoins - can anybody explain ?

reading that hurt my head! Didn't underdstand a word of it!
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Old Mar 16th 2013, 10:20 am
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Default Re: Bitcoins - can anybody explain ?

First time you guys have come across it?

It's a totally anonymous currency used online to pay for things/services. Server bandwidth, IT services, creative skills, drudgery, and other more nefarious areas (hookers and blow, hitmen and dodgy material sites)
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Old Mar 16th 2013, 10:29 am
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Default Re: Bitcoins - can anybody explain ?

Great way to launder money !

Its electronic currency which is traded (thru no central banks) - the current spot rate against USD is $46.46.
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