Introducing Bitcoin, the new, newest thing in the global medium of exchange. We know our current mediums as variously, cash in hand, stock values on a piece of paper, gold bars in a vault, sterling silver on our wrists, real property immovable on the ground, in the ground (oil, coal, diamonds), and under the sea.
The thing about Bitcoin is that as ordinary individuals, we may only have a vague idea of what Bitcoin is — gathered say from media commentary. Most of us don’t yet have a sense of whether such an intangible product is for real, no feeling for where it is, what it is, where it came from, whether it is something we will ever use, or whether it could possibly impact our financial lives.
http://www.royalgazette.com/article/20151212/COLUMN07/151219918
