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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>