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Author Topic: What is Bitcoin?  (Read 584849 times)

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Offline cinderalla_chen

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Re: What is Bitcoin?
« Reply #45 on: May 12, 2016, 05:59:35 AM »
It is  basically a digital currency, which would be traded.


Offline cinderalla_chen

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Re: What is Bitcoin?
« Reply #46 on: May 12, 2016, 06:06:12 AM »
if you're interested. I suggest you to check out this year's Cloud Asia Expo for the lastest development.

Offline GKE

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Re: What is Bitcoin?
« Reply #47 on: May 12, 2016, 08:17:34 AM »
if you're interested. I suggest you to check out this year's Cloud Asia Expo for the lastest development.


I am already in. cannot wait to be there.

Offline Beth04

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Re: What is Bitcoin?
« Reply #48 on: May 17, 2016, 12:53:34 PM »
Bitcoin works via something called the blockchain. Every time you do a transaction, it gets included in a block (which is all the recent transactions bundled together) and every 10 minutes or so, that new block gets accepted into the stack of blocks called the blockchain. So that's how it works every 10 minutes the whole network breathes, and updates network wide with the new block of transactions. Mining serves the purpose of verifiying these new blocks.

newbielink:https://www.coinmint.co/ [nonactive]
« Last Edit: May 17, 2016, 01:42:44 PM by Beth04 »

Offline andreanewman

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Re: What is Bitcoin?
« Reply #49 on: May 21, 2016, 10:16:56 AM »
[size=0pt]A type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.[/size][/size]
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Offline Amazon

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Re: What is Bitcoin?
« Reply #50 on: July 20, 2016, 12:54:32 AM »
Great article!! Really nice insights. I think some people struggle with claiming bitcoin as a currency because it's not something that they can "hold." We can hold dollars and coins. Of course, the newest generation won't have any prob seeing btc as a currency since everything is digital to them as it is -- they don't know any different.
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Offline ambericey

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Re: What is Bitcoin?
« Reply #51 on: August 16, 2016, 07:40:10 AM »
It's a great pleasure to hear your share and learn a lot.

Offline KingdomFire

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Re: What is Bitcoin?
« Reply #52 on: August 28, 2016, 07:00:26 AM »
Bitcoin is one of those things that's really hard to explain what it is to someone, but it's easy to use..

Offline btcrobot

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Re: What is Bitcoin?
« Reply #53 on: September 16, 2016, 07:53:03 AM »
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Offline jeraldskie11

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Re: What is Bitcoin?
« Reply #54 on: October 26, 2016, 02:27:19 AM »
Thanks for this information! I hope it can help. :)
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Offline Bitport

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Re: What is Bitcoin?
« Reply #55 on: October 28, 2016, 01:44:59 PM »
Bitcoin is a freedom of choice
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Offline IWILLDOIT

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Re: What is Bitcoin?
« Reply #56 on: November 08, 2016, 07:29:23 AM »
Thank you for the info.

Offline multiplybtc35

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Re: What is Bitcoin?
« Reply #57 on: November 22, 2016, 06:59:27 AM »
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Offline petsae

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Re: What is Bitcoin?
« Reply #58 on: December 14, 2016, 11:03:28 PM »
This infographic is great! Thanks!
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Offline Vasu Dev

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Re: What is Bitcoin?
« Reply #59 on: January 21, 2017, 08:36:41 PM »
As per Bitcoin Wikipedia
"Bitcoin is a cryptocurrency and a payment system".
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