Sunday, December 14, 2014

A New Kind Of Money

A New Kind Of Money

#Bitcoins is anonymous, decentralized, electronic currency. That's a nice concise sentence, but it bears some explanation. 

You do not have to register with a bank to create a #bitcoin account. When you get started you'll create a Bitcoin adderss that only you can control, but there is no record of who owns which address.

As long as you take some basic precautions, you can use Bitcoins completely anonymously. Bitcoins wasn't created by the government. It was created by a small group of Researchers who were interested in the idea of currency that was outside the control of any organization.

There is no centralized regulatory authority for bitcoins as there is for dollars, euros, & every other currency on the planet.


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