Most often it's referred to as a non-government electronic currency. Bitcoin can be often named a cybercurrency or, in a nod to their encrypted origins, a cryptocurrency. Those explanations are appropriate enough, but they miss the point. It's like explaining the U.S. dollar as a green piece of paper with pictures on it.

I have my own, personal means of explaining Bitcoin. I consider it as store credit minus the store. A prepaid telephone without the phone. Precious material with no metal. Appropriate sensitive for no debts, public or personal, unless the party to whom it is tendered wishes to just accept it. A musical instrument supported by the total religion and credit just of its unknown builders, in whom I thus position number religion, and to whom I provide number credit except for ingenuity 如何買比特幣 .

I wouldn't touch a bitcoin with a 10-foot USB cable. But a fair amount of people curently have, and quite a few more soon may. That is partially because entrepreneurs Cameron and Tyler Winklevoss, most readily useful known for their role in the beginnings of Facebook, are now actually seeking to use their scientific experienced, and income, to create Bitcoin into the mainstream. The Winklevosses trust to start an exchange-traded fund for bitcoins. 

An ETF would make Bitcoin more widely available to investors who absence the technological know-how to buy the electronic currency directly. By April, the Winklevosses are said to own presented around 1 % of all existent bitcoins. Developed in 2009 by an confidential cryptographer, Bitcoin operates on the assumption that such a thing, actually intangible components of signal, might have value as long as enough persons choose to take care of it as valuable.