There has been a lot of talk in the news recently about a new decentralized virtual currency called Bitcoin. It has actually been around since 2009 but didn’t garnish much attention until millions of dollars started flowing throw it. Want to send someone money to pay for an item? You can avoid banks and merchant processing fees altogether and send the payment straight to the desired party. Perhaps the most interesting property about bitcoin is no one can shut it down and the bitcoin supply is regulated by the algorithm it runs on. This is a huge plus since the government can no longer get their hands on your money, regulate it, or inflate it by printing more of it. There is a great video on https://www.weusecoins.com's homepage giving a high level overview of how bitcoins work.