Bruce Billsonisms
The Bitcoin is a new type of currency that was started in 2009 by an unknown individual using the apellation of Satoshi Nakakmoto. The way Bitcoins operate means that there is are middle men in the transaction, that is, banks are not involved. For buyers, this means no transaction fees and enhanced privacy as real names need not be disclosed. Bitcoins are gaining acceptance among more merchants: they are now used to purchase webhosting services, pizzas or even manicures.
Source: http://money.cnn.com/infographic/technology/what-is-bitcoin/
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