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    How Do Bitcoin Transactions Work?

    The following is a re-post from Coindesk a world leader in news and information on digital currencies such as bitcoin, and its underlying technology – the blockchain...

    How Bitcoin Transactions Work

    Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced.

    Holding onto bitcoins is great if you’re a speculator waiting for the price to go up, but the whole point of this currency is to spend it, right?

    So, when spending bitcoins, how do transactions work?


    What Is Bitcoin?

    By now you have heard of "BITCOIN" and probably wonder exactly what it is?

    Is it some kind of seedy underworld gambling thing?

    Or is it REALLY A NEW FORM OF MONEY as many have touted?

    Or is it just the latest thing at the new Chucky Cheese (lol!)...

    The following 37 minute video will give you a thorough understanding of what BITCOIN is and where its supply comes from...