BitCoin is a new, all-digital, peer-to-peer (p2p) currency, which can be used to replace cold, hard cash when buying and selling goods and services online.
Great services like eBay and web stores let you do your research at home and then buy exactly what you need without having to hunt for it in brick and mortar stores. All well and good, but suddenly cash isn't cutting it any more. After all, it's hard to hand someone a few notes and coins when they live on the other side of the world.
Wouldn't it be great to be able to use cash on the Internet, too? To have the ability to store your own money on your own computer? To buy what you need online without dealing with banks and middlemen? That's where BitCoin comes in. Cash for the Internet is here.
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