BitCoin PROGRAM ATM Information - 2011

Bitcoin is an experimental new digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Bitcoin is also the name of the open source software which enables the use of this currency.

The software is a community-driven open source project, released under the MIT license.

Bitcoin ATM's are coming! Bitcoins are digital peer to peer currency. Let Todd Bethell take you on an insider's look into the much anticipated global bitcoin ATM...

Bitcoin supports native wallet encryption so that people who steal your wallet file don't automatically get access to all of your Bitcoins. In order to enable this feature, chose "Encrypt Wallet" from the Options menu. You will be prompted to enter a passphrase, which will be used as the key to encrypt your wallet and will be needed every time you wish to send Bitcoins. If you lose this passphrase, you will lose access to spend all of the bitcoins in your wallet, no one, not even the Bitcoin developers can recover your Bitcoins. This means you are responsible for your own security, store your passphrase in a secure location and do not forget it.

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