Recent content by Freyr

Yes. It's more similar to limited assets like gold than to fiat currencies. It's basically like gold that you can transfer over the internet. By the way, fiat money is also 90% digital. It consists mainly of some database entries at the central banks. The "tangible" money (banknotes and coins)...

Remember to store your coins in your own wallet. I lost approx $50k worth in BTC because I left them on MtGox.

There's another very good explanation on the web. Google for "Explain Bitcoin Like I'm Five" (I'm not allowed to post links, would post the URL otherwise)

Hi, I am new here. Hope to find some helpful information here to promote my business.