About Computers: Bitcoins: Why They're Such a Big Deal

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Computers From Paul Gil, your About Computers Editor As an amateur cryptocoin miner, I am mesmerized by the subculture and the controversy that goes with Bitcoins and Litecoins. It's like the gold rush of the 1800's, combined with the bleeding edge technology of ASIC computers! If you haven't taught yourself about the world of cryptocurrency, today might be a good day to start! Bitcoin Explained: Why This Cryptocurrency Is Such a Big Dea Warren Buffet scoffs at them. Vendors are starting to embrace them. Governments and banks fear them. Millions of users are chasing them in a digital gold rush. Criminals use them to move money without banks. What exactly are bitcoins, and why are they so controversial? Search Related Topics:  bitcoins  paypal  online banking What Can You Buy With Bitcoins? While it is true that bitcoins are popular with criminals seeking to move money, bitcoins are also gaining acceptance as legitimate payment tender. Many online web services accept bitcoin payments now, and the gargantuan Reddit.com also accepts bitcoins. Here's an interesting list of where bitcoins can be used... Litecoins, Dogecoins, and Other Alternatives to Bitcoin If Bitcoin is gold, then Litecoin would be silver, and Dogecoin and Peercoin would be copper. After that, there are dozens upon dozens of other cryptocurrencies that have spawned since the 2009 advent of Bitcoin. Search Related Topics:  bitcoin  litecoin  cryptocurrency 4 Apps to Manage Your Bitcoin Fortune If you do decide to invest in bitcoins, either through purchasing or through mining, you might find these apps quite interesting. Here are four tools for protecting and managing your bitcoin wealth... Related Searches Bitcoins Mining Computers Computer Gold Mines Bitcoins Mine Buying Bitcoins Featured Articles Can You Donate Bitcoins to Political Campaigns? History of Bitcoin Do We Spell It as 'Bitcoin' or 'Bitcoins'? A Lawyer's Thoughts on Bitcoins Bitcoin Mining Basics What Are 'Accepted' and 'Rejected' Shares in Coin Mining?   More from About.com Run Your First 5K Even couch potatoes can be ready for a 5K with just a couple months of training. Read more...> Help! I'm Too Busy Time and stress management tips to help you feel as though you have more time. Read more...>   Sign up for more free newsletters on your favorite topics You are receiving this newsletter because you subscribed to the About.com Computers newsletter. If you wish to change your email address or unsubscribe, please click here. If you would like to unsubscribe from all newsletters sent from About.com, please send an email to optout@about.com with "Unsubscribe" as the subject line. About.com respects your privacy: Our Privacy Policy Contact Information: 1500 Broadway, 6th Floor New York, NY, 10036 © 2014 About.com   More Recommended Reading at About.com: 47 Writing Jobs for Bloggers What Is an IP Address Conflict? Use the Web to Do a Free Background Check Advertisement