Bitcoins? WTF ...

the story begins like this, all money is fake, i mean fiat(paper money), i mean fake, yes its just paper, it has absolutely no value, the only value it has, is the value you believe it has

the problem with fiat based money is that the issuing authorities can issue of much of it as possible

this is where bitcoin comes in, there can only be a maximum of 21 million bitcoins in circ ever and 21 million do not even exist yet

a new bit coin is created every time a complex numerical algorithm is completed

so one aspect of bitcoin is that it is limited in supply unlike fiat based paper money whose supply grows daily as banks create more and more money

the other aspect of bitcoin is that it is based on a p2p software which is decentrilised throughout the internet which makes it difficult to control

What the f*$@ is all this I keep hearing about bitcoins?
What the bloody hell are bitcoins and why would you use them?

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