Bitcoin (฿ or BTC) is a decentralized digital currency based on an open-source peer-to-peer internet protocol. It was introduced by an anonymous hacker/developer that went by the false name Satoshi Nakamoto in 2009.
Bitcoins can be exchanged through a computer or smartphone locally or internationally without any intermediate financial institution which makes it unlike any other currency in the world because it cannot be manipulated by anyone. No government or company can issue more shares to dilute the price or “print” more money which results in inflation. In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal points. Most Bitcoin transactions are just fractions of a single Bitcoin because there is a very small transaction fee per transaction so it allows for many trades to be sent or received easily and without shelling out the kind of money you would need if you were using a service like Paypal.
To be completely honest the process of how Bitcoins are produced or “mined” is quite complicated so for now ill leave it at what I have but if enough people become interested I will gladly accept messages with questions or comments about the topic or I can make a page with an in-depth description of how they are produced, where they come from, how they gain their value, and possible futures of the Bitcoin world.
But to get started I will show everyone how to get what is called your Bitcoin wallet on the next page “Getting Started”. Your wallet is where you can send and receive Bitcoins anonymously. No personal information like credit/debit cards, address, or even names are required so privacy is extremely high in the Bitcoin market. Once you have your wallet set up then it is time to earn FREE micro-Bitcoins or fractions of Bitcoins. With the free Bitcoins earned you can either save them up and purchase real products with them, gamble them through online BTC casinos/arcade games that allow bets, or a variety of other options which all will be explained.
