Bitcoin has made headlines again yesterday, reaching an all-time
trading high of more than £21. This is a significant
development for the fairly new alternative currency, which started at Zero in
2009. Bitcoins has slowly and quietly become a global phenomenon which is
featured prominently in the media, and has started to attract the special
attention of global regulators.
So how exactly does Bitcoin work? Here are seven myths which
describe what Bitcoin is, and – more importantly – what it not is.