Author Topic: What is Bitcoin?  (Read 2001909 times)

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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
Latest stable Electrum version

Offline Shital

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Re: What is Bitcoin?
« Reply #285 on: May 11, 2021, 08:41:46 PM »

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Bitcoin is a type of cryptocurrency. There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to. All bitcoin transactions are verified by a massive amount of computing power.

Offline justinpeter

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Re: What is Bitcoin?
« Reply #286 on: May 12, 2021, 01:06:00 AM »
I am very glad to watching this informative video about blockchain technology! thanks all

Offline Change Hero

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Re: What is Bitcoin?
« Reply #287 on: May 26, 2021, 12:38:11 PM »
What is Bitcoin?

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



Have you guys heard about the ChangeHero? An instant cryptoexchnage platform! Totally approved! Check my profile for the link!

Offline AnastasiiaGrid3892

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Re: What is Bitcoin?
« Reply #288 on: May 27, 2021, 01:56:20 PM »
Thanks for information. In addition, I would recommend you to read this article, it's quite useful: https://baxity.com/how-to-withdraw-bitcoins-to-a-bank-account [nofollow]

Offline coindavid

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Re: What is Bitcoin?
« Reply #289 on: June 01, 2021, 07:43:03 AM »
What is Bitcoin?

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



Thanks for your nice Video about Bitcoin.

Offline Shital

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Re: What is Bitcoin?
« Reply #290 on: June 02, 2021, 06:28:01 PM »
I feel like trading in Forex is still a bit less risky than investing it in Bitcoin. There is no doubt the element of risk present in Forex Trading, but at least we could predict it somewhat with Trading strategies. 

Offline CryptoStar19

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Re: What is Bitcoin?
« Reply #291 on: June 17, 2021, 02:21:03 PM »
Bitcoin is the hardest soundest store of value in the world. It's the best investment option we have had in years and a certainty in terms of tremendous ROI over time. We should all be grateful bitcoin exists, furthermore we should all be grateful that we have the privilege of knowing about bitcoin while it's still in relatively early stages of adoption.

Offline CryptoStar19

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Re: What is Bitcoin?
« Reply #292 on: June 22, 2021, 01:42:48 PM »
Bitcoin is the financial savior that is accessible to the average joe... it's the great economic equalizer of our generation.

Offline Shital

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Re: What is Bitcoin?
« Reply #293 on: June 24, 2021, 05:57:38 PM »
Each Bitcoin is considered to be a computer file which would be stored in a 'digital wallet' app on a smartphone or computer. People could be sending Bitcoins or even part of it to your digital wallet, and you could send Bitcoins to other people. Every single transaction would be recorded in a public list known as the blockchain.

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Re: What is Bitcoin?
« Reply #294 on: July 06, 2021, 05:39:45 PM »
Bitcoin is considered to be basically a computer file that would be stored in a 'digital wallet' app on a computer or smartphone. People could send Bitcoins to your digital wallet, and you could send Bitcoins to other people. Every single transaction is considered to be recorded in a public list which is known as the blockchain.

Offline sakurakimura1012

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Re: What is Bitcoin?
« Reply #295 on: July 14, 2021, 06:20:29 AM »
Some countries and cities could use Bitcoin as a legal currency for trading. But most of them are not. As time went by, I believe the virtual currency will be used to replace the physical money. And now, what is NFT and is it related to Bitcoin?

Offline CryptoStar19

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Re: What is Bitcoin?
« Reply #296 on: July 14, 2021, 01:33:59 PM »
Bitcoin's in the world's first digital store of value.

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Re: What is Bitcoin?
« Reply #297 on: July 16, 2021, 05:24:02 PM »
Bitcoin is a decentralized digital currency that you would be able to purchase, sell and exchange directly, without an intermediary such as a bank.

Offline Culttoday

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Re: What is Bitcoin?
« Reply #298 on: July 21, 2021, 10:02:50 AM »
Bitcoin is high-level money made in January 2009. It follows the considerations set out in a whitepaper by the bewildering and pseudonymous Satoshi Nakamoto.  The identity of the individual or people who made the innovation is as yet a secret. Bitcoin offers the guarantee of lower exchange charges than conventional online installment instruments and, not at all like officially sanctioned monetary standards, it is worked by a decentralized position.
Bitcoin is a sort of cryptographic money. There is no physical bitcoin, just correspondence kept on a freely available report that everyone has direct permission to. All bitcoin trades are affirmed by a huge proportion of handling power. Bitcoin isn't given or supported by any banks or governments, nor is an individual bitcoin important as an item. In spite of its anything but being legitimate delicate in many pieces of the world, bitcoin is famous and has set off the dispatch of many other cryptographic forms of cash, overall implied as altcoins. Bitcoin is ordinarily contracted as "BTC."

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