This is interesting. Not sure how many of you all have heard of this or are familiar with how it works. I've been researching it for a presentation and I am torn on my decision with this one. It's basically generating an anonymous e-currency (or buying Bitcoins to spend/trade) and bypassing transaction fees you would normally pay via traditional forms of payment like Paypal. No single bank/government is in control of its circulation. Much of it is very new to me. The whole P2P nature of this system definitely has some weaknesses but I suppose it could be a viable alternative.
The PDF here is short and sweet if you're curious about the details: makeuseof.com/pages/download-virtual-currency-the-bitcoin-manual
It isn't something I would invest too much in at this point. I guess we'll see where it goes.
Thoughts? Experiences? Do share!