#1 Video on Bitcoin Explained 101 Beginners Version; Digital Currency Re...

#1 Video on Bitcoin Explained 101 Beginners Version, Economists are up in arms, claiming that bitcoin's 1000% annual growth is faster than anything they've ever seen.
Bitcoin 101: The Digital Currency Revolution

Bitcoin  is a peer-to-peer digital currency that functions without the intermediation of a central authority.The concept was introduced in a 2008 paper by a pseudonymous developer known as "Satoshi Nakamoto".
Bitcoin has been called a cryptocurrency because it is decentralized and uses cryptography to control transactions and prevent double-spending, a problem for digital currencies. Once validated, every individual transaction is permanently recorded in a public ledger known as the blockchain.Payment processing is done by a network of private computers often specially tailored to this task.The operators of these computers, known as "miners", are rewarded with transaction fees and newly minted Bitcoins. However, new bitcoins are created at an ever-decreasing rate.
http://en.wikipedia.org/wiki/Bitcoin

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