“Bitcoins are a monetary system outside the control of any one nation. They are entirely digital. You can’t hold them like a coin. They are based on complex mathematical algorithms and cryptography and various protocols that make them practically anonymous. But they can be used like money — usually in online transactions. After Bitcoins were invented in January 2009, the number of transactions per day hovered around 500 for two years. Now there are around 50,000 transactions a day for things ranging from buying a cup of coffee to hiring a lawyer.”

http://www.deseretnews.com/article/865588139/Bitcoin-fever-The-virtual-money-everybody-may-use-someday.html?pg=all

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