I think bitcoin was created by a few software programmers.
It is basically out of nothing into something people give a value
to when a certain amount of bitcoin was created in the form
of say a number of bitcoins.
So, if people initially give it a value let's say 7 cents to start
the ball rolling, people can buy other bitcoins from someone
who owns a bunch of bitcoins for higher prices.
Once someone else is willing to buy bitcoins for say $1 then
the value of the bitcoin goes up in value. Now, I heard it is worth$13,000.
For me I will never use bitcoin.Gold is better medium for exchange something
of value. I think the US dollar is somehow tied to gold.
Bitcoin is similar to something that is created with nothing to make people
use it to make it into something that has value. That is what bitcoin is all about.