Bit Coin

[gn7]

Unfortunately there is no easy way to explain the currency or how it is technically mined/created.

Once you understand currency as opposed to money, you learn that 90 % of the monetary system is bitcoin(small b). Just digital inputs created out of thin air all created because somebody, including the US government needed it, and promised to repay it with interest.
The difference is, Bitcoin is more like gold than the US dollar is in some ways. Its virtually a commodity like gold, silver, oil, or pork bellies and oranges. Except it isn't physical, just as the US dollar. The vast majority of the velocity of the Bitcoin is the trading of it against the dollar on the open market just as oil and gold is, not in the actual using to buy and sell. More Bitcoin is moved everyday thru speculating its future value than actual use as currency.

Garlic to a Vampire is like Bitcoin to a banker

To the banks, the fed, and the US government.