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authorAdam Soltys <[email protected]>2012-12-06 20:23:34 -0800
committerAdam Soltys <[email protected]>2012-12-06 20:23:34 -0800
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-<div class="row-fluid">
- <div class="span6">
- <h1>What are bitcoins?</h1>
- <p>
- Bitcoins are units of digital currency that can be
- transferred over the Internet.
- They get sent to a bitcoin address and stored in a digital wallet
- that you can access with a
- password. Creating and using a new wallet and address is free and as
- easy as email. <a href="https://blockchain.info/wallet/new" target="_blank">Try it here</a>.
- </p>
-
- <p>
- Transactions between bitcoin addresses are
- recorded in a public file and <a href="http://blockchain.info/unconfirmed-transactions">published on
- the Internet</a>. This file is called the block chain and it keeps track of what amounts are
- stored at what addresses.
- </p>
-
- About every 10 minutes, 50 new bitcoins are
- generated and distributed proportionally to people that
- contribute computing power to the network. The
- <a href="http://bitcoin.org">software to participate</a> is free and open source so anyone can run it on their computer.
- </p>
-
- <p>
- Over time, fewer and fewer
- bitcoins will be created until there are a total of
- 21 million of them in circulation by the year 2040. Each bitcoin
- is divisible up to 8 decimal places, making
- it possible to transact very small portions of them.
- </p>
- </div>
- <div class="span6">
- <h1>Why use them?</h1>
- <p>
- They're free, fast, secure, and global. Merchants
- don't get charged for accepting them and you don't
- get charged for transferring them, even
- internationally. There are no fees, prerequisites, or
- limits. You can register addresses anonymously and
- create as many accounts as you like. They can
- never be frozen because no central authority
- controls them. Whether you're sending a fraction of
- a cent or a million dollars, the network doesn't
- discriminate.
- </p>
-
- <p>
- You can use bitcoins to securely store
- and backup your savings and gain access to them
- from anywhere that has Internet access. They tend to
- appreciate in value over time because of their
- limited supply so they make a good investment.
- Unlike dollars and other national currencies, no
- government or issuing authority can print more of
- them.
- </p>
-
- <p>
- Bitcoins enable you to send free,
- immediate payments to your friends and family
- from your phone or laptop so you can pay a co-worker
- back for coffee, transfer wages to family overseas,
- or donate to organizations like WikiLeaks who have
- been cut off by the major payment companies.
- </p>
- </div>
-</div>
-
-
-<div class="row-fluid">
- <div class="span6">
- <h1>Where can I get some?</h1>
- <p>
- Contact one of our trusted <a href="/exchangers">exchangers</a>.
- </p>
-
- <p>
- There are also several bitcoin markets operating online. The largest one in Canada
- is <a href="http://cavirtex.com/">cavirtex.com</a> and is run out of Calgary. They link up buyers and sellers and facilitate trades by
- allowing you to deposit and withdraw Canadian dollars directly from your bank account. A list of other
- online exchanges and their rates can be found at <a href="http://bitcoincharts.com">bitcoincharts.com</a>.
- </p>
-
- <p>
- You can also use sites like <a href="http://localbitcoins.com/">Local Bitcoins</a>, <a href="http://bitcoinary.com/">Bitcoinary</a>, and <a href="http://bitcoin-otc.com/">Bitcoin OTC</a> to find people to trade with over the Internet if you want to take your chances with strangers.
- </p>
- </div>
-
- <div class="span6">
- <h1>How is their price set?</h1>
- <p>
- Most merchants accepting bitcoin will use an
- exchange rate from one of the online markets
- to determine their equivalent
- dollar value. The exchange rate is simply the last
- price that some seller was able to charge some
- buyer for bitcoins in the free market and is
- governed by supply and demand.
- </p>
-
- <p>
- Bitcoins aren't backed by any underlying
- commodity or insured by any authority. They
- have value as a form of currency due to their mathematically
- guaranteed scarcity, security, ease of use,
- distributed nature, lack of fees, divisibility, and
- global recognition.
- </p>
-
- <p>
- We peg our rates
- to <a href="http://cavirtex.com/">cavirtex.com</a>.
- </p>
- </div>
-</div>
-
-<div class="row-fluid">
- <div class="span6">
- <h1>What can I buy with them?</h1>
- <p>
- You can <a href="/merchants">spend them locally</a> at one of our participating merchants or check out
- <a href="http://bitcoinmagazine.net/where-to-spend-your-bitcoins/">this article</a> for some other good suggestions.
- The number of <a href="https://en.bitcoin.it/wiki/Trade">companies accepting bitcoins</a>
- is growing quickly and we're working to get more stores accepting them in
- Vancouver. We believe it'll be in
- their best interest to avoid the transaction fees
- charged by the credit card companies. Transaction
- fees end up getting built into the prices we pay for
- goods and services across the board so we're all
- paying for them indirectly.
- </p>
-
- </div>
- <div class="span6">
- <h1>Where can I learn more?</h1>
- <p>
- Come to our <a href="http://meetup.com/bitcoinvan/">monthly meetup group</a> or <a href="/exchangers">contact one of us</a>.
- </p>
- </div>
-</div>