What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
Bitcoin is one cryptocurrency which is basically a digital currency.
This currency of form and storage is digital. The inventor of Bitcoin for the first time was a / programmer (not yet certain-red) programmer who used the name Satoshi Nakamoto.
bitcoin can be used to purchase various services such as games up to website hosting. For now, the number of services receiving Bitcoin is still quite limited