Johan LouwKempton Park, South Africa My family and me want to thank you for helping us find a great opportunity to make money online. Very happy with how things are going! Bitcoin is a form of digital currency, created and held electronically. No one controls it. What makes it different from normal currencies? Bitcoin can be used to buy things electronically.

No single institution controls the bitcoin network. A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

What is bitcoin based on? Conventional currency has been based on gold or silver. Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it.

The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to. The fraudsters may be or pretend to be Bitcoin users themselves. Similarly, promoters may find Bitcoin users to be a receptive audience for legitimate but high-risk investment opportunities.

Fraudsters and promoters may solicit investors through forums and online sites frequented by members of the Bitcoin community. Bitcoins for oil and gas.

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