how do i do i interact with it well as a consumer you would initially download the bitcoin client and you would do that from bitcoin dot org it's open source software and the currency is not centrally managed it's not it's not centrally issued and the transactions aren't centrally verified all those tasks are performed by the collective nodes of the network so it's almost like a headless mob where there is no central direction and that's beneficial that's what you want the main thing ok so i download the client other bit of bitcoin dot org which which now i am part of the network so now you've downloaded the client you have the option either to generate coins or to perform transaction ok and send so i can either generate clients or i can be involved in a transaction using these coins correct correct ok so let's let's put aside generating that going for a second because there is some guard in there we're going to revisit but let's just talk about a transaction of the transaction side how does that work the way the transaction works is you would either have to receive or send coins so l

that you put out for receiving your corks ok so i purchased these bitcoins if i can purchase them with my dollars by u.s. dollars so and there i presumably there's some kind of exchange rate the exchange rate currently is around six or seven u.s. dollars for one declaring and that's floating i would imagine it's it's twenty four hours a day it's floating rate right so it's a floating rate depending on very small eye in demand just like any four x. just like any currency there it's it's floating on the exchange and based on supply and demand exactly exactly i mean overall though i do think the of strangers are one of the weakest links in the chain just because that's where the rubber meets the road in terms of converting these so-called math puzzles ok into actual national political currencies ok so that you're saying the exchange mechanism is not is not as robust as it could be because because of the puzzles that go into creating the exchange rate mechanism well i mean the math puzzle is just a it's just a slang term that i use for the digital token you have to remember it's a digital