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Author Topic: What is Bitcoin?  (Read 1321171 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 ijazkhan01

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Re: What is Bitcoin?
« Reply #240 on: January 18, 2020, 05:23:58 AM »
Bit coin is a digital currency which doesn't need any banking system
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Offline kimrichard

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Re: What is Bitcoin?
« Reply #241 on: March 04, 2020, 03:41:02 AM »
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Offline leesadaisy

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Re: What is Bitcoin?
« Reply #242 on: March 31, 2020, 11:58:21 AM »
Bitcoin is the world’s first cryptocurrency which was developed in the year 2008; it was given as a reward to the process involved in Mining. Apart from mining, the ways people tried to get Bitcoin in the earlier days was through trading on forums and Internet Relay Chat. To acquire bitcoin, many companies gives you a solution. To opt with the best crypto solution, you can seek PULSEHYIP >> https://www.pulsehyip.com/bitcoin-exchange-script

Offline wesley3WZ

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Re: What is Bitcoin?
« Reply #243 on: April 06, 2020, 12:36:58 AM »
What I wonder is, who is a the creator of BTC ?

Offline praxantpacific

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Re: What is Bitcoin?
« Reply #244 on: April 11, 2020, 07:36:54 PM »
Bitoin, the first cryptocurrency, is a decentralized form of digital cash that eliminates the need for traditional intermediaries like banks and governments to make financial transactions. :) :)

Offline Goldario

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Re: What is Bitcoin?
« Reply #245 on: April 15, 2020, 10:05:03 PM »
Thanks for share the video.
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Offline Frank876

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Re: What is Bitcoin?
« Reply #246 on: April 21, 2020, 12:05:53 PM »
Bitcoin is the most popular cryptocurrency, it is a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries. It is mostly used for online payment, electronically if there is an agreement between buyers and sellers.

Offline bloggo

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Re: What is Bitcoin?
« Reply #247 on: April 28, 2020, 09:55:57 AM »
Bitcoin - it is the thing, which showed us that money can be used in another way.
Many years people thought, that only fiat money, oil and gold can cost something. But it's not true. Even some digital things, which you can touch and see can cost something.

Offline ChelliSo

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Re: What is Bitcoin?
« Reply #248 on: May 01, 2020, 07:03:12 PM »
In short, Bitcoin is a virtual currency or reference to technology. You can make transactions by check, transfer, or cash. You can also use Bitcoin (or BTC), where you direct the buyer to your signature, which is a long line of security code encrypted with 16 different symbols. The buyer decodes the code with his or her smart phone to get your crypto-currency. In other words, crypto-currency is an exchange of digital information that allows you to buy or sell goods and services. The transaction acquires its security and trust by running on a peer-to-peer computer network that is similar to Skype, or BitTorrent, a file sharing system.

Offline GGLex

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Re: What is Bitcoin?
« Reply #249 on: May 01, 2020, 09:27:09 PM »
Nice info! thanks

Sometimes I have troubles defining bitcoin to other people, this video makes things easier

Offline NutMEX

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Re: What is Bitcoin?
« Reply #250 on: May 06, 2020, 12:42:57 PM »
It is a lifeboat for the economy during the crisis

Offline LLL

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Re: What is Bitcoin?
« Reply #251 on: May 09, 2020, 12:11:51 PM »
Hi -- I also posted in newbies---  I have general idea of what bitcoin is but I'm having a heck of time making the purchase. Is there anyone out there that can help walk me through it? Possibly over the phone-- just some general questions as to where to locate the symbols we want to buy, etc.  Thanks in advance for your consideration.

Offline Dan_D

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Re: What is Bitcoin?
« Reply #252 on: May 15, 2020, 07:16:11 AM »
Thanks for valuable info!

Offline Shital

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Re: What is Bitcoin?
« Reply #253 on: May 15, 2020, 09:36:37 AM »
Bitcoin was invented by someone using the name Satoshi Nakamoto. It is a digital and global money system currency which allows people to send/receive money across the internet, even to someone they don't know. Money can be exchanged without being linked to a real identity.

Offline Johnkite

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Re: What is Bitcoin?
« Reply #254 on: May 26, 2020, 06:57:35 AM »

In the field of blockchain, people usually misunderstand and confuse between terms like bitcoin and blockchain. Even though both are related to each other, there is a huge difference between their roles. The vast majority of people who know about blockchains, from around the world think that both words are the same, but, as a matter of fact, one is a complementary factor to another. The term bitcoin came from the bitcoin blockchain. There are a lot of misconceptions among people about how cryptocurrency is related to the blockchain.
The word bitcoin was first introduced in the world of blockchain by an anonymous person called Satoshi Nakamoto, whose origins still remain unknown.  The term bitcoin was penned for the world's first-ever blockchain called “Bitcoin” blockchain in which Nakomoto introduced the world’s first decentralized cryptocurrency also named the same. Now the first blockchain was invented and named as bitcoin, the bitcoin cryptocurrency was running smoothly on the bitcoin blockchain. The whole world got interested in the newly arrived cryptocurrency and all started to buy it.As the demand is directly proportional to the price the wide demand for the first cryptocurrency got purged and it reached its peak. The price purge of the bitcoin was a tremendous surprise for the entire world. It also attracted investors around the globe to make a big-time investment.At that time when everyone was so busy buying bitcoin, another blockchain got introduced to the market called Ethereum. The ethereum was more advanced than the bitcoin blockchain in terms of software development. It introduced a feature called “smart contract” which was a viable source for the entire software development field.After the arrival of many more blockchain, the confusion between blockchain and bitcoin also rose. Many people around the globe began to interpret that the blockchain and the bitcoin are the same.
Reference : Blockchain EXPERT Blogs


 

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