The World’s Foremost Virtual Currency
“Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.”
Althought the video below is a couple months old, it makes the point that savvy professional investors are getting involved in the Bitcoin reformation.
Here’s a little bit of info from the video description: “The prospects for the alternative cyber-currency known as Bitcoin have brightened, with some serious financial players preparing to open it to investment. The Winklevoss twins, best known for suing Facebook’s founder Mark Zuckerburg over claims he stole their social network idea, are planning to float a Bitcoin trust. But even though the multi-millioniares are now going along with Bitcoin, the rebel currency still has a strong grasp over those drawn to its anti-establishment charm – as RT’s Marina Portnaya reports.”