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authorAdam Soltys <[email protected]>2013-06-26 12:18:53 -0700
committerAdam Soltys <[email protected]>2013-06-26 12:18:53 -0700
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downloadcoinos-server-29650f3732856a8af1e9b23fd8df0cfa7d305745.tar.gz
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-<div class="row-fluid">
- <div class="span6">
- <h2>What are bitcoins?</h2>
- <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 a wallet is free and
- easy -- <a href="https://blockchain.info/wallet/new" target="_blank">try it</a>.
- </p>
-
- <p>
- New bitcoin addresses start with a zero balance. Transactions between addresses are
- recorded in a file that gets published on
- the Internet. The file keeps track of every transaction that's ever taken place and therefore knows the balance of every address.
- </p>
-
- <p>
- New bitcoins are generated every 10 minutes and distributed to people who volunteer computing power to run the bitcoin network. The
- <a href="http://bitcoin.org">software to participate</a> is free and open source so anyone can run it on their computer to earn bitcoins.
- </p>
-
- <p>
- Over time, fewer and fewer
- bitcoins will be created until finally there are a total of
- 21 million of them in circulation by the year 2040. Each one of them
- is divisible up to 8 decimal places, making
- it possible to transact small amounts.
- </p>
- </div>
- <div class="span6">
- <h2>Why use them?</h2>
- <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 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've
- been cut off by the major payment companies. Or, use bitcoins to securely
- store 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>
- </div>
-</div>
-
-<div class="row-fluid">
- <div class="span6">
- <h2>Where can I get some?</h2>
- <p>
- Contact one of our trusted <a href="/exchangers">exchangers</a>. We'll meet you in person to sell you bitcoins and will be happy to help you get started if you're new.
- </p>
-
- <p>
- There are several bitcoin markets operating online as well. 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 directly.
- </p>
- </div>
-
- <div class="span6">
- <h2>How is their price set?</h2>
- <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 currency due to their mathematically
- guaranteed scarcity, security, divisibility,
- and global recognition.
- </p>
- </div>
-</div>
-
-<div class="row-fluid">
- <div class="span6">
- <h2>What can I buy with them?</h2>
- <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 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 always
- subsidizing the banks and payment companies.
- </p>
-
- </div>
- <div class="span6">
- <h2>Where can I learn more?</h2>
- <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>