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Bitcoin (sign: BTC) is a decentralized digital currency based on an open-source protocol, created by a pseudonymous developer named Satoshi Nakamoto. One bitcoin is divided into 100-million smaller units called satoshis. There is a hard limit of 21-million bitcoins in total, which are released at a scheduled rate until the year 2140.
Internationally, bitcoins can be exchanged by personal computer directly through a wallet file or a website. They can also be exchanged through physical banknotes and coins.
Unlike most currencies, bitcoin does not rely on a central issuer, like a central bank or government. Instead, bitcoin uses a transaction log across a peer-to-peer computer network to record transactions, verify them and prevent double spending. The verification process awards effective bitcoin nodes or "bitcoin miners" with a limited release of bitcoins and transaction fees (if any). This process requires intense computing power, electricity and significant investment as it solves hashes through bruteforce to verify transactions and add them to the network's transaction log.
"I need someone to help me with a bitcoin purchases. More information will be provided to the freelancer"
[2/17/13 4:19:44 AM] Great Gatsby: "ASAP, needed