General Discussion

Someone else posted an explanation: bitcoin is a computer creation. It's based on something called block chain. Every time someone purchases a bit coin, a unique number has to be generated for it, and it has to be linked to a specific location in the block chain in order for the purchase to be authentic.
Apparently, this process requires massive usage of electricity, because the computers run constantly generating the block chain, and they have to be cooled because the process generates a lot of heat.
In addition, bitcoin only has whatever value the owner of the company says it has. In other words, the "value " can vanish like a fart in a hurricane.