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<p>[QUOTE=&quot;vest007, post: 1996291, member: 72258&quot;]For beginners.... Bitcoin is a cryptocurrency where the creation and transfer of bitcoins is based on an open-source cryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution. The concept was introduced in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system.</p><p>&nbsp;</p><p>Right now the exchange rate is 1 BTC = 90 USD...</p><p>&nbsp;</p><p>As people get more concerned with the loss of value of the US Dollar, they will turn to other options, such as gold and bitcoins... BTC is relatively new.... but I think it can offer quite a bit of competition to bullion metals... </p><p>&nbsp;</p><p>[media=youtube]lRpwRpLdLDc[/media][/QUOTE]</p><p><br /></p>

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