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Thread ID: 125198 2012-06-13 09:56:00 What is Bitcoin? Renmoo (66) PC World Chat
Post ID Timestamp Content User
1281439 2012-06-13 09:56:00 Hi all,

Bitcoin = http://www.weusecoins.com/

Just found an article on Bitcoin on /. and I have been reading the FAQs about it but I can't seem to grasp a few points:

1) How's bitcoin generated in the first place? (as in, how's digital money generated in the first place?) Can real-life money be traded for digital money?
2) What determines the "currency exchange" between bitcoin and real-life currency?
3) How's bitcoin more "reliable" than, say, the Euro?

Thanks :)
Renmoo (66)
1281440 2012-06-13 12:28:00 en.bitcoin.it wmoore (6009)
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