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Author Topic: What is Bitcoin?  (Read 1031807 times)

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Offline bitcoinforum.comTopic starter

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What is Bitcoin?
« on: January 01, 2013, 03:45:04 PM »
What is Bitcoin?

Web definitions: A decentralised digital currency created in 2009; A client for the above currency.
(en.wiktionary.org/wiki/bitcoin)

« Last Edit: March 12, 2016, 03:30:42 PM by bitcoinforum.com »
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
Latest stable Bitcoin version
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Offline lynkarya

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Re: What is Bitcoin?
« Reply #165 on: October 02, 2018, 05:08:31 AM »
A longer article on bitcoin features https://ninja.org/blog/what-is-bitcoin/

Offline BitcoinXCash

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Re: What is Bitcoin?
« Reply #166 on: October 02, 2018, 09:52:41 AM »
VERY helpful topic!

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Re: What is Bitcoin?
« Reply #167 on: October 03, 2018, 12:26:19 PM »
very helpful

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Re: What is Bitcoin?
« Reply #168 on: October 08, 2018, 11:52:15 AM »
Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin is the talk of the town these days. This sent a negative signal to the world in relation to Bitcoin.

Offline bitpon

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Re: What is Bitcoin?
« Reply #169 on: October 25, 2018, 06:43:41 AM »
hello i am new member and i am still understanding what bitcoins are *sorry for bad english
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Offline AndrejWarhola

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Re: What is Bitcoin?
« Reply #170 on: October 26, 2018, 11:24:59 AM »
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as "bitcoin."


The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros – they're produced by computers all around the world, using free software.


It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.

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Re: What is Bitcoin?
« Reply #171 on: October 28, 2018, 05:33:06 PM »
Each Bitcoin is basically a computer file which is stored in a 'digital [/size]wallet[/color][/size]' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital [/color][/size]wallet[/color][/size], and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the [/color][/size]block chain[/color]

Offline shariarporosh

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Re: What is Bitcoin?
« Reply #172 on: October 29, 2018, 06:44:09 AM »
very informative post, thanks for sharing with us this valuable info, now I have got a clear concept about It.  I appreciate

Offline shariarporosh

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Re: What is Bitcoin?
« Reply #173 on: October 31, 2018, 09:30:53 AM »
Bitcoin become the reserve currency of the world
-- No clue, but I bet a bunch of people hopes so

Offline gogas2

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Re: What is Bitcoin?
« Reply #174 on: November 09, 2018, 05:29:57 PM »
Nice Video, Thanks for sharing
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Offline coinologist

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Re: What is Bitcoin?
« Reply #175 on: November 13, 2018, 12:06:29 PM »
Great information, Thank you!

Offline AndrejWarhola

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Re: What is Bitcoin?
« Reply #176 on: November 15, 2018, 12:33:50 PM »

Offline DemLabs

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Re: What is Bitcoin?
« Reply #177 on: November 24, 2018, 07:56:15 PM »
Many useful links. Thanks guys

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Re: What is Bitcoin?
« Reply #178 on: November 27, 2018, 01:59:09 AM »
hello. i am new here. its a good thing i watch the video. very informative and gives me an idea of how bitcoin runs in the digital web today. i hope i can learn more thank you

Offline Areding

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Re: What is Bitcoin?
« Reply #179 on: November 27, 2018, 09:14:08 AM »
For me, cryptocurrency is a way to quickly pay off someone, without spending on significant commissions. I know for sure that my transfer will quickly reach any country and will not be delayed for several days or weeks by a bank employee. As a bonus, the crypt also allows you to pay anonymously.


 

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