Originally Posted by mayabong

Bitcoins is based off of this white paper. If you want to know the thinking behind it, read it. http://www.bitcoin.org/bitcoin.pdf

I have a pretty good understanding about how it works, but its not necessary to have 100% nerd understanding. The fact is, it works. I have made lots of purchases locally with my "worthless" bitcoins and I've even bought gold and silver with them. I've made lots of $$ playing texas holdem online for bitcoins.

I have no idea about circuits and transistors, I guess that means I cant use a computer or my iphone.

Still don't know why you talk about life savings.. Its just a means of transfer. You can treat it as an investment as some do but I dont.