Up until about a year ago, I was really into the Bitcoin scene but moved away from them for a number of reasons.

Reading through the thread here, there is some good basic info but also info that is not correct.

If you really want to how Bitcoin works, along with all the pros and the many perils, go to any of the Bitcoin concentric websites. I recommend BitcoinTalk to start with. Here you can read and post questions in the forum to people who are actually involved and knowledgeable in Bitcoins.