Mt.Gox Launches To Explain What The Heck A Bitcoin Is

It’s Thanksgiving! And, judging by the fact that you read tech blogs, you’re probably at least a bit of a geek. Know what that means? Today’s the day you get to answer all of your extended family’s tech questions! Hurrah!

For the last few years, that’s probably meant explaining the difference between iPhone and Android. This year, you’ll probably get to explain what the heck this “Bitcoin” thing is at least twice.

Fortunately, one of the top Bitcoin exchanges has just launched an informational site that ought to make things a bit easier to understand.

Putting their domain to a pleasingly non-spammy use, Mt.Gox has just relaunched the domain as an introductory repository of information focused on all things Bitcoin. While they could’ve just put up a big static page that says “WANT BITCOIN? GO TO MT.GOX” and called it a day, it seems like they’re actually trying to stay relatively neutral; while Mt.Gox is mentioned a few times on the page, it’s generally alongside mentions of other exchanges.

While the site doesn’t explain everything (they only briefly touch on how Bitcoin mining works, for example, presumably to avoid getting too technical), it’s a pretty solid primer and they cram a lot of information into a rather tight package. If nothing else, it’s a good way to brush up on the higher level details before your friends and family start askin’ about it.

Oh: and if the recent hype has you thinkin’ that Bitcoin is a brand new thing, check out the timeline on the bottom of this page. Bitcoin’s been coming together for years.

[Fun fact: Mt.Gox is an acronym for Magic: The Gathering Online eXchange. Mt.Gox was originally a place for people to trade Magic: The Gathering Online cards. They switched to focusing on Bitcoins in 2010. Best pivot ever?]