About Bitcoin

What is BitCoin ?

Read the following from an online source Stack exchange

Bitcoin is a new kind of money. It is  the first decentralized electronic currency not controlled by a single organization or government. It is an open source project, and it is used by more than 100,000 people. All over the world people are trading hundreds of thousands of dollars worth of bitcoin every day with no middle man and no credit card companies. It is a startup currency which has never happened before.

Bitcoin is the first digital currency that is completely distributed. The network is made up of users like yourself so no bank or payment processor is required between you and whoever you are trading with. This decentralization is the basis for Bitcoin is security and freedom.

Email let us send letters for free, anywhere in the world. Skype lets us make phone and video calls for free, anywhere in the world. Now there is Bitcoin. Bitcoin lets you send money to anyone online, anywhere in the world for less than a cent per transaction! Bitcoin is a community run system not controlled by any bank or government. There is no Wallstreet banker getting rich by standing between you and the people you want to send and receive money from.

Bitcoin is more efficient than all competing currencies. This will drive its adoption in the same way computers were adopted, in that computers made people more efficient in competing in the marketplace. A currency has value by it being widely used. Bitcoin is a startup currency with a deflationary bootstrapping economy. Its use spreads by providing the speculator incentive.

Bitcoin is going to be the biggest opportunity for innovation that the world has seen since the industrial revolution. An idea whose time has come.

http://bitcoin.stackexchange.com/questions/336/what-is-a-good-way-to-concisely-explain-bitcoin 

 

 

Buying Electronic Bitcoin

 

 

Bittylicious.com https://www.Bittylicious.com/

 

 

UK Based Bank transfer based company, fast, starting with small Bitcoin purchases which increase as your trade history progresses.

Deal directly with Bittylicious for the bank transfers.

You supply the wallet address and the Bitcoins arrive directly there, no security worries of having to store your recently purchased Bitcoin with Bittylicious.

 

Localbitcoins.com https://localbitcoins.com/

 

International Bitcoin trading site. Bank transfer and other on-line payment methods based, deal directly with individuals selling Bitcoin.

Generally fast, a little more complicated than Bittylicious, major difference is you are dealing with individuals rather than a company and your Bitcoins are paid into your Localbitcoin account which have then have to be transferred out to your own personal wallet.

 

 

 

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