From f0ae4295baa1d6573347fe6ffecac68a559f47bf Mon Sep 17 00:00:00 2001 From: Adam Soltys Date: Tue, 27 Nov 2012 21:50:10 -0800 Subject: Content --- views/about.html | 24 ++++++++++++------------ 1 file changed, 12 insertions(+), 12 deletions(-) (limited to 'views/about.html') diff --git a/views/about.html b/views/about.html index 17492ada..edbd8d3e 100644 --- a/views/about.html +++ b/views/about.html @@ -35,20 +35,20 @@

Bitcoins are units of digital currency that can be transferred over the Internet. - They get sent to and stored at a bitcoin address which is like a digital - bank account that you can access with a - password. Registering and using a new address is as free and - easy as email... try it! + 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 -- try it.

Transactions between bitcoin addresses are - recorded in a public record that's published on - the Internet. It keeps track of what amounts are + recorded in a public file and published on + the Internet. This file, or "block chain", keeps track of what amounts are stored at what addresses.

- Every 10 minutes, 50 new bitcoins are + About every 10 minutes, 50 new bitcoins are generated by a mathematical algorithm and distributed to people who contribute computing power to the network. The software to participate in the network is free and open source so anyone can run it on their computer. @@ -59,7 +59,7 @@ 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 amounts. + it possible to transact very small portions of them.

@@ -80,7 +80,7 @@

You can use bitcoins to securely store and backup your savings and gain access to them - from anywhere that has Internet. They tend to + 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 @@ -91,7 +91,7 @@

Bitcoins enable you to send free, immediate payments to your friends and family - from a phone or laptop so you can pay a co-worker + 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. @@ -155,13 +155,13 @@ this article for some other good suggestions. The number of companies accepting bitcoins is growing quickly. We're working to get more stores accepting them in - Vancouver because we believe it'll be 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 indirectly subsidizing the big banks and credit card - companies whether we use their services + companies whether we personally use their services or not.

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