Author Topic: What is Bitcoin?  (Read 2109642 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
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Offline rafeelclark

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Re: What is Bitcoin?
« Reply #390 on: November 28, 2022, 04:51:04 PM »

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Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin exchange functions like a traditional stock exchange: it matches buyers with sellers and facilitates trades between them. However, unlike a traditional stock exchange, a bitcoin exchange is not regulated by any government body.

Bitcoin exchanges allow users to buy and sell bitcoins using different fiat currencies or altcoins. Bitcoin exchanges function like traditional stock exchanges: they match buyers with sellers and facilitate trades between them. However, unlike traditional stock exchanges, bitcoin exchanges are not regulated by any government body.

what is a bitcoin exchange?

A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin exchange functions like a traditional stock exchange: it matches buyers with sellers and facilitates trades between them. However, unlike a traditional stock exchange, a bitcoin exchange is not regulated by any government body.


Bitcoin exchanges allow users to buy and sell bitcoins using different fiat currencies or altcoins. Bitcoin exchanges function like traditional stock exchanges: they match buyers with sellers and facilitate trades between them. However, unlike traditional stock exchanges, bitcoin exchanges are not regulated by any government body.


Bitcoin exchanges provide a platform for traders to buy and sell bitcoins using different fiat currencies or altcoins. Bitcoin exchanges function like traditional stock exchanges: they match buyers with sellers and facilitate trades between them. However, unlike traditional stock exchanges, bitcoin exchanges are not regulated by any government body.

Offline MishellLarson

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Re: What is Bitcoin?
« Reply #391 on: November 30, 2022, 10:49:23 AM »
Awesome info thanks
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Offline MishellLarson

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Re: What is Bitcoin?
« Reply #392 on: November 30, 2022, 10:53:28 AM »
I don't think we should be in a hurry. A lot of factors affect the dynamics of the market. We need to wait.
Основы трейдинга https://gerchik.com/trainings/basic

Offline edelynwalker

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Re: What is Bitcoin?
« Reply #393 on: December 09, 2022, 09:46:53 AM »
Bitcoin is a digital currency that is created and held electronically. It is the first decentralized digital currency, as the system works without a single administrator or central bank. Bitcoin is based on blockchain technology, a distributed ledger enforced by a disparate network of computers. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

Offline CoinMany6

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Re: What is Bitcoin?
« Reply #394 on: December 16, 2022, 12:16:41 PM »
Bitcoin is a decentralized cryptocurrency and an innovative payment network. It’s free of central banks and provides a peer-to-peer network to transfer money. Every transaction is transparent and immutable. Investors use Bitcoin as a means of exchange as well as a store of value to hedge against inflation.
Who gave birth to Bitcoin? Satoshi Nakamoto, the anonymous name of the creator of Bitcoin. Satoshi began to think of a new currency when he saw central banks publish cash which caused inflation during the economic crisis. Fiat could be of less value due to inflation and people couldn’t do anything. He created Bitcoin with the purpose to provide an alternative payment method without the control of the central government.

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Re: What is Bitcoin?
« Reply #395 on: December 25, 2022, 12:23:56 PM »
Thanks for your post.
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Offline wilkinesaudrey

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Re: What is Bitcoin?
« Reply #396 on: December 26, 2022, 06:12:17 AM »
Remember, always keep your key

Offline ockysern

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Re: What is Bitcoin?
« Reply #397 on: December 29, 2022, 09:29:50 AM »
[font=Söhne]Bitcoin is a decentralized digital currency that uses cryptography for security and is not controlled by any government or financial institution. It was created in 2009 by an anonymous individual or group of individuals known as Satoshi Nakamoto[/font]

Offline ESALADA

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Re: What is Bitcoin?
« Reply #398 on: January 05, 2023, 10:44:32 AM »
Bitcoin is a cryptocurrency or virtual currency, specifically the first one to be developed.
It can often serve the function of a currency. However, it can also be used as a financial asset, people buy them and when their value goes up they sell them.

We can consider them as a decentralized alternative to digital currencies. That is, a euro or any other currency with which you pay online is organized and controlled by entities and banks. Meanwhile, the bitcoin is not controlled by anyone, there is simply a series of connected computers in which their movements are replicated to make it a secure method.

The value of each cryptocurrency is variable, just as if they were stock market assets, and in recent years there are a lot of changes in its value. Sometimes it rises like wildfire, and other times it plummets.

hope I have helped

Offline CTARblu

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Re: What is Bitcoin?
« Reply #399 on: January 06, 2023, 10:39:26 AM »
I watched this video for the first time, some of the information will be useful. Thank you very much.

Offline selena_homes

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Re: What is Bitcoin?
« Reply #400 on: January 12, 2023, 01:07:21 PM »
hi all. I have been on this forum for a long time and I am very interested, thank you for the information and thoughts, and I recommend you one interesting site that I recently discovered. there is up-to-date information on how to raise your earnings on the Internet without training. there are tips and recommendations based on mathematical analysis but in an accessible form. follow this link you can read and ask https://unalog.org/ [nofollow] this is not advertising, only advice and analysis. there is also information on how the casino works from the inside. Thank you 8)

Offline amelinmae23

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Re: What is Bitcoin?
« Reply #401 on: January 31, 2023, 11:18:25 AM »
Bitcoin is the first decentralized digital currency in the history of human. It was launched in 2008 by a secret person or organization named satoshi Nakamoto. Still i am one of the user of the BTC. Even i have posted a clearcut article in my early days you can check out that here.

 

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