BT is somehow like pgp.. it's a code that can be fractioned..
Bitcoin is like PGP in that in uses public-key cryptography for digital signatures, but differs in all other respects. I don't know what you mean about "code that can be fractioned"...
To store / own bt you need a wallett..
Each wallett have an unique address and that's were bt are linked..
Actually, bitcoins are stored in the blockchain, a public ledger that everyone has access to. Addresses link bitcoins to public keys, and the wallet stores the correspoding private keys which are used to sign transactions.
Hem.. Hum.. I sent 300 us$ to this guy but still nothing shows up in my wallett am I being burned ?
aint life grand ?
If you don't know anything about him other than that he is referred to as "this guy", then it's a distinct possibility... However, it's also possible your software hasn't fully synchronised with the network (which will take a very long time (usually several hours) the first time you do it, so be patient). Assuming you're using the standard client, you will see a green check mark in the bottom right corner when it is fully synchronised. If you're seeing circling yellow arrows instead, you just need to wait a while (assuming there's nothing wrong with your connection, which you check by hovering the mouse over the icon immediately to the left of the circling arrows - as long as you've got at least 1 active connection, you're good).