Bitcoin is an open-source cryptographic currency that uses peer-to-peer technology, rendering central banks like the Federal Reserve essentially useless. Because central authorities do not own or control bitcoin, its value is determined subjectively by individuals who voluntarily decide to use and exchange bitcoin, as opposed to the whim of some controller. Unlike fiat currencies, bitcoin is limited in supply and is not debt-based. Sound interesting? Here are five simple steps that you can take to start using bitcoin.
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