Bit Who? 5 Things You Need to Know About Bitcoin

[CryptoCurrencyInc.com]

Bit Who? 5 Things You Need to Know About Bitcoin

Bitcoin is slowly but surely finding its way into our lexicon, our news reports, and maybe even our wallets. So what is Bitcoin? How does it work? How do you get Bitcoin? Should you be using it? Should you wait? What the hell are you talking about, Dayna?

According to the Bitcoin website, "Bitcoin is an innovative payment network and a new kind of money." This answers only one of the above questions. For the rest of the answers, I turned to Bitcoin expert and author Christopher Carfi. Carfi's new free downloadable ebook, Conversational Bitcoin: The Bitcoin basics you need to know, tries to answers all the questions.

As a start, here are five things you need to know about Bitcoin now:

http://www.huffingtonpost.com/dayna-steele/bit-who-5-things-you-need_b_4681022.html

[Smileyftw]

The Bitcoin payment network is distributed globally, and is highly resistant to hacking and most other bad behavior.

[Sonny]

Asked about government financial infrastructures around the world and how Bitcoin will fit in with these systems or redefine them, Carfi said, "Certain countries, such as Thailand and Iceland, historically have been hostile toward Bitcoin. BitLegal is tracking Bitcoin's status in many countries around the globe."

Iceland? What happened in Iceland?

[bitpop]

Asked about government financial infrastructures around the world and how Bitcoin will fit in with these systems or redefine them, Carfi said, "Certain countries, such as Thailand and Iceland, historically have been hostile toward Bitcoin. BitLegal is tracking Bitcoin's status in many countries around the globe."

Iceland? What happened in Iceland?

It's a felony

[Sonny]

Asked about government financial infrastructures around the world and how Bitcoin will fit in with these systems or redefine them, Carfi said, "Certain countries, such as Thailand and Iceland, historically have been hostile toward Bitcoin. BitLegal is tracking Bitcoin's status in many countries around the globe."

Iceland? What happened in Iceland?

It's a felony

wow, I didn't read anything about it.
Could anyone share the link with me?

[bitpop]

Asked about government financial infrastructures around the world and how Bitcoin will fit in with these systems or redefine them, Carfi said, "Certain countries, such as Thailand and Iceland, historically have been hostile toward Bitcoin. BitLegal is tracking Bitcoin's status in many countries around the globe."

Iceland? What happened in Iceland?

It's a felony

wow, I didn't read anything about it.
Could anyone share the link with me?

http://en.m.wikipedia.org/wiki/Legal_status_of_Bitcoin#Iceland

http://www.reddit.com/r/Bitcoin/comments/1t8zf3/bitcoin_trading_illegal_in_iceland_according_to/

[Sonny]

Asked about government financial infrastructures around the world and how Bitcoin will fit in with these systems or redefine them, Carfi said, "Certain countries, such as Thailand and Iceland, historically have been hostile toward Bitcoin. BitLegal is tracking Bitcoin's status in many countries around the globe."

Iceland? What happened in Iceland?

It's a felony

wow, I didn't read anything about it.
Could anyone share the link with me?

http://en.m.wikipedia.org/wiki/Legal_status_of_Bitcoin#Iceland

http://www.reddit.com/r/Bitcoin/comments/1t8zf3/bitcoin_trading_illegal_in_iceland_according_to/

Thanks very much for the link.

Well, it is legal to mine, own or spend bitcoin for goods and service.
I am shocked to see your comment "It's a felony" at first, but it seems it is not as bad as I thought.

[bitpop]

Asked about government financial infrastructures around the world and how Bitcoin will fit in with these systems or redefine them, Carfi said, "Certain countries, such as Thailand and Iceland, historically have been hostile toward Bitcoin. BitLegal is tracking Bitcoin's status in many countries around the globe."

Iceland? What happened in Iceland?

It's a felony

wow, I didn't read anything about it.
Could anyone share the link with me?

http://en.m.wikipedia.org/wiki/Legal_status_of_Bitcoin#Iceland

http://www.reddit.com/r/Bitcoin/comments/1t8zf3/bitcoin_trading_illegal_in_iceland_according_to/

Thanks very much for the link.

Well, it is legal to mine, own or spend bitcoin for goods and service.
I am shocked to see your comment "It's a felony" at first, but it seems it is not as bad as I thought.

I may have exaggerated :/