What is Bitcoin?
Bitcoin is a new currency that was created in 2009 by an unknown
person using the alias Satoshi Nakamoto. Transactions are made with no
middle men – meaning, no banks! There are no transaction fees and no
need to give your real name. More merchants are beginning to accept
them: You can buy webhosting services, pizza or even manicures.
Why Bitcoins?
Bitcoins can be used to buy merchandise anonymously. In addition,
international payments are easy and cheap because bitcoins are not tied
to any country or subject to regulation. Small businesses may like them
because there are no credit card fees. Some people just buy bitcoins as
an investment, hoping that they’ll go up in value.
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