It’s called Bitcoin, and it’s an anonymous digital currency with no central authority or distribution, who’s only value is given to it by the people who have or want it. Currently there are only 21 million BitCoins in existence, therefore it has no global value. At least, not for the time being.
It’s exchanged via person to person, generated by its users using some sort of mathematical equations solved by “smart” technology. It’s not rocket science, but it is involved. Bitcoin can only be spent in the few places that accept it and in some instances can be converted into real money.
So, I can put my computer to work generating money that’s nontaxable that I can either spend or save in a virtual bank to spend later?
What’s the catch?