6. Should You Use Bitcoin?

Now that you know a little bit about how Bitcoin works (and how its value is determined), it’s time to think about whether Bitcoin is for you. That is, should you personally start trading in Bitcoin—or should you leave the whole thing to more adventurous folks?

Who Bitcoin Was Originally Designed For

As you know, Bitcoin is a virtual currency designed by a bunch of militant cryptographers—a cryptocurrency, really. These folks designed Bitcoin to serve purposes of importance to them and their ilk.

If you read Satoshi Nakamoto’s original treatise (titled “Bitcoin: A Peer-to-Peer Electronic Cash System”—Google it, it’s on the Web), you’ll see that his primary reason for creating Bitcoin was to enable online payments ...

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