BitCoin

Bitcoin, which was introduced to me by a networking colleague of mine, is an interesting subject. It is a new internet currency that has nothing to actually give it worth. Yet for some reason that I can't yet grasp 1 bitcoin is equal to almost $5 in real money and is transferable in to US dollars.

How you get bitcoins?

BitCoins are "mined", as some may say, by a computer connected to a "bitcoin pool" that processes the blocks that make bitcoins! after bitcoins are made they are transferred to a bitcoin wallet which is a file on your computer that can only be open by the official bitcoin client. The client is the program that allows a user to transfer bitcoins around to pay from things (some places actually take bitcoins as payment directly).

I have been experimenting with this for about 2 weeks or so and, even though it sounds like one, I don't think this is a scam because everything has worked so far.

Well, adding to this, it looks as though bitcoin is slowly decreasing into nothing. Oh well, maybe that's because its worth is based on nothing at all! I had my skepticism about it from the beginning.