Many people in the internet world are trying to answer the question, what is Bitcoin, and more importantly; how to make money with bitcoin. However, in order to understand what Bitcoin is and how to make money, you need to start by knowing how it came to be.

In 1998, Wei Dai described the term Bitcoin on the cypherpunks list by suggesting it as a new form of money controlled by cryptography and not a central authority. However, it is not until 2009, when the concept was published by one Satoshi Nakamoto. Today, Bitcoin is described as a combined network that powers a payment system using a completely digital money. Actually, it is the first one-to-one payment network that is completely regulated and controlled by its users.

You can consider it an internet based cash.

Your control as a user is even confirmed in that there is no government controlling Bitcoin. It is also free of fraud because all transactions are recorded in a public manner and in block chain as soon as they are validated with proof. It is just like the email technology that no one owns. Even its developers can only make enhancements on the software itself and not force any changes to the protocol involved. This is because when using it, you can choose from any software and version. The only requirement for users is the use of a software that follows similar rules as Bitcoin only works well when its users are in a complete consensus. This is a feature that ensures all parties involved have a strong will to protect the consensus.

Trust is not a requirement you need in the business of transacting Bitcoins. This is because anyone, including you, has full access to the source code. You can transparently consult on any issues concerning the transactions on a real-time basis. All your payments are made without engaging any third party and your work is also easy with the reliable cryptographic algorithms involved. In fact, the network is always secure even if some users tend to be untrustworthy.

If you are looking for information on what Bitcoin is, the best place to start is the internet. It is full of information from all angles. You can start by reading forums and blogs, where you get to learn the political, economical and technical factors influencing the Bitcoin digital system and learn how to make money with bitcoin. A great place to start is www.howtomakemoneywithbitcoin.net/trading-for-profit. On this site, you can learn everything you need to know about the system in a satisfactory manner. Even if you are already a member of the system and already know a little bit, it is important to check on the news for updates. The updates are very important and some of your worries can be sorted out. When joining the Bitcoin community, consider being inquisitive and open minded for you to quickly understand how it works and how to make money with it. The experts in the system are willing and ready to assist through the many open forums and blogs. Most of them also post detailed articles regarding their experience as users of the system.

Those who have the notion that the system is complicated have not truly researched and got the answers to the question what is Bitcoin. Actually, many people still find the system very difficult to understand and trust. However, with the increasing awareness and information availability, that is set to change.

Here is a great video that explain how you can make money with bitcoin.