Bitcoin Basics For The '76 Percenters' Who Don't Have A Clue What It Is - Forbes | Peer2Politics |

Bitcoin technology was unleashed on the World Wide Web about five years ago, but 2013 marked a time of unprecedented growth for the digital currency. As the price of a bitcoin increased over 6000 percent in 2013, more developers, entrepreneurs, and investors flocked to the virtual currency market than ever before. However, Bitcoin is not a household name or widely used service. The majority of Americans don’t even know what Bitcoin is. Additionally, its reputation for facilitating illicit activities, price volatility, and security questions are all issues the Bitcoin community must explain before it can go mainstream. But those invested in the technology, like the people I met at the North American Bitcoin Conference, believe this is a disruptive technology that is just taking off with no end in sight.