What is bit coin?
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This is just a copy and paste..
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Wikipedia
A computerized cloud currency.
A computer generated, digital Ponzi scheme.
A Communist plot to use 20% of the world’s electrical power to cool huge banks of computerized calculators. (But seriously, the Communist plot bit isn’t true.)
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Value that can be exchanged from person to person privately with no bank involved. I recently read this statement. That is the entirety of my knowledge on this subject.
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