What is a bitcoin – bitcoin basics presented by Wayne Lippman. Bitcoin â” The New CryptoCurrency How did it get started? How is the currency created? Why does it have value? Who controls the value? Who Accepts Bitcoin? How Would I buy some Bitcoins? Why would I want some Bitcoins? Problems with Bitcoin currency. In 2009 A technical paper was posted on the internet by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System It described a sytem of cryptocurrency that was not backed by any government or any form of existing currency. Interestingly, there is no such person. Itâs a pseudonymn. Bitcoin is based on solving an encryption formula which requires extreme amounts of computing power. Each time you solve a portion of the formula you earn a âBitCoin.â Websites li
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