Congress held a hearing on Bitcoin and small businesses Wednesday. Though no action was taken, the discussion could impact the virtual currency and businesses that currently accept it (or are considering it) for payment.
In case you're still in the dark, Bitcoin is the world's first decentralized, peer-to-peer virtual currency. This means that it's not backed by any banks, credit card companies, or governments, according to The Washington Post.
So before you get on board with Bitcoin, here are three tidbits to ponder from the House Committee on Small Business' Bitcoin hearing: