Source: http://www.businessinsider.com/presentation-what-is-bitcoin-2013-3
Is Bitcoin the new gold?
Some former gold bugs certainly think so.
And its value has skyrocketedin recent months.
But many readers at this point are probably wondering ... what exactly is Bitcoin?
Robert McNally, an iOS developer at parking payment startup QuickPay, gave the following presentation to last year's Hackers' Conference in Santa Cruz, answering exactly that question.
With his kind permission, we have republished it here.
Let's begin ...
And start with basics.
In 2013, Bitcoin *is* money — at least for some — and that population grows each day.
See the rest of the story at Business Insider
