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Author Topic: What is Bitcoin?  (Read 1010292 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 Areding

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Re: What is Bitcoin?
« Reply #180 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.

Offline cryptocrazy247

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Re: What is Bitcoin?
« Reply #181 on: December 02, 2018, 06:28:41 AM »
well said  :) :)
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Offline Tatyana

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Re: What is Bitcoin?
« Reply #182 on: December 03, 2018, 02:32:04 PM »
In nowadays cryptocurrency is not more then exchange money between rich people, politicians, criminals and luckies, who invested money in right time in right place.

This is my own subjective opinion, but in my country this type of payment is only for middle and upper class people. I hope it'll change in near future.

Offline coinologist

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Re: What is Bitcoin?
« Reply #183 on: December 12, 2018, 09:22:08 AM »
I found some really helpful getting to know pages on XCH4NGE: https://www.xch4nge.com/, they have loads on Bitcoin and you can buy, sell and store on their platform. They also are introducing a new method of payment processing through a corporate account so your account is way less likely to close.

Offline blockminded

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Re: What is Bitcoin?
« Reply #184 on: December 27, 2018, 04:30:46 AM »
Bitcoin was invented by Satoshi Nakamoto in 2009. Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin falls under the scope of cryptocurrency and was the first and most valuable among them. It is commonly called a decentralized digital currency.
At the current moment in time, Bitcoin is hovering around $6,500, remaining relatively flat over the last 30 days.

 

Offline LionCryptoBoy

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Re: What is Bitcoin?
« Reply #185 on: December 27, 2018, 08:46:03 PM »
Elegro wallet works great. That is what I was looking for a long time. This is an easy way to manage your crypto currencies, change it to fiat and so on. Highly recommend.

Offline kavyasahu

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Re: What is Bitcoin?
« Reply #186 on: January 07, 2019, 09:12:01 AM »
Bitcoin is a decentralized, peer-to-peer electronic crypto currency. There is no governing body or issuing authority for Bitcoin. Bitcoin network operates on cryptographic protocol and the public database is fault tolerant and resistance to corruption. Bitcoin network operateswithout a central repository or a centralized administration and the transactions directly takes place between users. 

Bitcoins can be converted to other real world currencies and can be used for payment. Bitcoins are created by mining. Mining is the process by which volunteers known as miners lend their computing power to verify transactions and record them in a public ledger. Miners keep the network secure.
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Online FutureICO

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Re: What is Bitcoin?
« Reply #187 on: January 08, 2019, 03:51:35 PM »
It’s very crucial that we begin up our journey with understanding what Blockchain Technology is because that’s where we will be able to understand what Bitcoin is and how exactly it works.

There are some SERIOUS opportunities in the Crypto world, but it’s just about capable of spotting such opportunities. It is only possible when we have the knowledge about it and then it becomes a possible thing, so that’s where our entire focus requires to be.

Offline michaellyamm

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Re: What is Bitcoin?
« Reply #188 on: January 14, 2019, 10:03:35 AM »
Bitcoin is a crypto-currency with a innovative payment network that forms a decentralized, peer-to-peer payment system, without the control of any centralised authority.


 

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