About Bitcoin Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network. The original Bitcoin software by Satoshi Nakamoto was released under the MIT license. Most client  software, derived or "from scratch", also use open source licensing. Bitcoin is the first successful implementation of a distributed crypto-currency. Bitcoin as a form of payment for products and services has seen growth, and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. Fiat to Bitcoin If you have some USD and want to convert to BTC, try Coinbase if you’re in the US. Else, depending on where you are, you might want to look at   Bitstamp  or   BTC China . If you’re in Russia,  btc-e  might be a g