I heard about Bitcoin and its endless possibilities to use Bitcoin irrespective of a particular geographic location. But my doubt is How does one accept and give a Bitcoin, Does it have its own market value like a USD where the rate of the Bitcoin fluctuates, Do we have to pay a separate tax for accepting/paying through Bitcoin unlike the visa/master card.?
I have also heard things like miners who produce bitcoins but if people are producing bitcoins unlike the mint then where is the security for the coin?
Some time back, the local Banking authority (State bank) has issued ban on the usage of bitcoin. So is it possible that can we still use this/it can be used by foreign nationals for purchases done abroad?