Hi,
Thanks for the links!

I just created my bitcoin account : 1Noi6fooirhc27TK4AhRnMTVYdTExGaawn

But how is this different from paypal? I tried to add $100 and they take about $4 as fees and give me $96 only. Btw, i created my account on mywallet

Also,

i see that only 21 million bitcoins can be generated. Okay...so according to current rate of about $11 per bitcoin..the max amount of money flowing in the network can be 21 million*11 = $231 million dollars.

So my questions are

1) What happens after 2023 when all bitcoins are in the network and no new bitcoins can be generated?

2) Do i need to pay 4% fee when transferring money from bank to bitcoin?

3) Do i earn bitcoins? mining? providing any services? selling things?

4) How do i convert them (bitcoins) to $$ and not get traceable ?

Hi,
I just came to know about bitcoin...i am understanding it that bitcoin is open source p2p virtual currency. I need more information about how to use it and also what is bitcoin mining. Can anyone explain me the basic points or guide me to the proper website where i can clear my doubts?