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What Happened To Music Between 1994 and 2000?Bitcoin is a peer-to-peer payment system that uses its own currency, called bitcoin, to transact business around the world. Bitcoin / BTC (shorthand) - A form of digital currency created in , that is created and distributed on a peer-to-peer basis. It has no central bank -. Bitcoin System is a website that acts as a �go-between� for those who want to learn about investments and firms capable of providing the education they need to.