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 a new currency which transaction can be made online with no middle man and no taxes at all. This was created in the year 2009. This has been a good venue in investing and trading. People are into it becs. Most of them are getting rich in there investments and trading.