Short Version 1) Should I buy Bitcoins? No. 2) But I keep seeing all this stuff in the news about them and how No. Tech journalism is uniformly terrible, always remember this. 3) How does this work? It doesn’t make any sense! No, it really doesn’t. It’s impossible to accurately explain Bitcoin in anything less than mind-numbingly boring technical terms so you should probably just not worry about it. Go do something useful instead.