Bitcoins

What is bitcoin?
A bitcoin is a online currency, like the USD or the EUR, except, you can't hold a bitcoin. The only difference is that you can't hold a bitcoin and you can't pay everywhere with thelm. Although some companies accept bitcoins, mainly online companies. So you can't go shopping in the city and start paying with bitcoins.

Bitcoin is created by a programmer or group of programmers, this still remains a mistery, known as Satoshi Nakamoto and it has been around since 2009.

If you want a bitcoin yourself, you need to buy one online, there are several sites for it, like tradehill or Mt. Gox. You can also get one by "mining", this way your computer is gonna check with a mathematical process if a hidden series of letters and numbers match with an unclaimed bitcoin. Now this ain't that simple anymore, all the simple combinations are already claimed. These days serious miners have multiple computers running to search for the right combination. There are even viruses on the internet that makes your computer a slave for them so they use your computer to mine for them.

The bitcoin doesn't have a fixed value, it changes all the time. If you realy want to know what the bitcoin is worth at the moment just go to http://bitcoincharts.com/ here you can find all the information about bitcoin and it's exchange.