There is a lot of buzz nowadays about bitcoin. Some people are saying it is a good investment. But I'm sure you are wondering how it works. I've been following bitcoin on and off for a couple of years now, and it seems it is starting to tip into the mainstream media with lots of rumors running around it. Before you get caught up in the rumors, have a look at what bitcoin is. This is a great video that explains how the system works. Many people are switching due to the distrust that is forming around defaulting and corrupt banking systems. Could bitcoin be the answer, or just a stepping stone to a new type of currency?