Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. ...
Access your money from anywhere in the world with an internet connection.
A great audio description of the Bitcoin system can be heard on the TWIT.TV podcast - 'Security Now' number 287 entitled 'BitCoin CryptoCurrency' starting at about 41 minutes in from the beginning of the podcast.
The podcast is a bit technical but it describes the system very well.
http://twit.tv/sn287 or http://www.grc.com/securitynow.htm www.bitcoin.org
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