Please Help Me Understand BitCoins

[shamefulprincess]

Nice forum. I am actually looking for some help understanding BitCoins.

If anyone has any advice or suggested reading for a novice such as myself it would be greatly appreciated! Where do you buy them? Where do you keep them? How much is a BitCoin worth? Are they safe to buy/use? I would love to have a better understanding of the whole BitCoin scene so I can share my new found understanding with my friends at nodepositforum.com. I get asked questions about BitCoins all the time and have to tell them I don't understand how they work enough to answer. Help?

Thanks in advance!

 

[11C1P]

I don't like paper fiat currency, which I can actually hold in my hand, and use most anywhere. Using an electronic currency that I can't even hold, or readily use most places is of even less interest to me. The whole reason I found this forum was cause I would like to see a return to real real money made of silver and gold, or at a bare minimum being backed by those metals once again.

 

[pmbug]

DCRB is our resident bitcoin hobbyist/enthusiast. We have quite a few threads here where he has shared his experience acquiring and using bitcoins:

http://www.pmbug.com/forum/tags/bitcoin/

 

[mike]

Here's all you need to know about bitcoin: Nobody will take credit for its creation.