Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Bitcoin is a protocol. Just like e-mail, bitcoin operates with a set of rules. Just like you can set up an e-mail address, then send and recieve messages and pictures. You set up a wallet, then send and receive bitcoin.
Ways to Purchase Bitcoin
Here is a link to exchanges: http://howtobuybitcoins.info/us.html
I am working on a referral list based on feedback from all of you. Let me know your experiences with the various traders and exchanges.
Local Bitcoins – This is a site where you can bitcoins from people locally with cash, by moneygram, western union, bank deposits and many other ways. When you place an order, copy and save the bitcoin wallet address and amount that you see on the confirmation page.