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12 questions you were too embarrassed to ask about Bitcoin

This has been a big week for Bitcoin. On Monday, the Senate Committee on Homeland Security and Governmental Affairs held the first-ever Congressional hearing on Bitcoin. Later in the day, the currency’s value reached an all-time high of more than $800.

That has left a lot of people scratching their heads. What’s Bitcoin? How do you use it? And why would anyone want to? Read on for answers. (Inspired by Max Fisher’s classic explainer on Syria)

By Timothy B. Lee

Full Story: http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/19/12-questions-you-were-too-embarrassed-to-ask-about-bitcoin/?hpid=z4

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