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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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The following users thanked this post: TheCoinCave, IWILLDOIT, kingbelcher, cryptojack, tlindpreico, cointech, Anita_S, FreeSpirit


Offline tlindpreico

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Re: What is Bitcoin?
« Reply #90 on: September 11, 2017, 06:05:05 AM »
Guys, did you hear about the coin that will be lunching?

Offline dillema018

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Re: What is Bitcoin?
« Reply #91 on: September 18, 2017, 12:57:45 PM »
Bitcoins are completely virtual coins designed to be self contained for their value with no needs for bank to move and store the money. Once you have bitcoin, they behave like physical gold coins, they possess value and trade if they were nuggets of gold in your wallet/pocket. You can use your bitcoins to buy goods, items and pay bills.

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Re: What is Bitcoin?
« Reply #92 on: September 22, 2017, 12:35:31 PM »
Learned a lot for a newbie like me. Many thanks. :)

Offline Setrionf

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Re: What is Bitcoin?
« Reply #93 on: September 23, 2017, 02:46:17 PM »
good explanations

Offline cloudminer

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Re: What is Bitcoin?
« Reply #94 on: September 25, 2017, 09:14:07 AM »
DO YOU KNOW YOU CAN MAKE 0.7btc in just 48HOURS?
I used the bitmain antiminer s9 hardware to mine on the blockchain mining network. The miner mines 0.4btc every 9.6 hours but this hardware only works with blockchain wallet. reach me on ceo.officesever at gmail dot com


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Re: What is Bitcoin?
« Reply #95 on: September 26, 2017, 12:16:19 PM »
Thank you for these hreat discussion.. learned a lot. :)

Offline jjackson

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Re: What is Bitcoin?
« Reply #96 on: September 27, 2017, 02:50:13 PM »
yeah, much interesting and usefull information...not only for newbie)

Offline bitoye

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Re: What is Bitcoin?
« Reply #97 on: September 28, 2017, 10:32:09 AM »
Bitcoins are the virtual form of currency which are first introduced in the form of white paper.
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Re: What is Bitcoin?
« Reply #98 on: October 11, 2017, 06:15:39 PM »
Bitcoin is a cryptocurrency created 8 years ago. It uses decentralised technology for secure payments and storing money that doesn't require banks or people's names. Now bitcoins are very popular. The future behind the crypto market.

Offline technogeek

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Re: What is Bitcoin?
« Reply #99 on: October 16, 2017, 05:34:28 AM »
Bitcoin is a virtual money in which privacy methods are used to manage the creation of currency and authenticate the fund’s transfer, working independently of a central bank. Two individuals can use it for an online transaction to each other.  In the last couple of weeks, you have apparently listened about Bitcoin uprising, a digital money that has been evolving at a good rate over the last several years. Bitcoin was lately in the news because of the virus attack in European countries along with others; i.e. [/size]Ransomware WannaCry[/color][/size]. These cyber-attacks were one of the largest attacks of this kind, affecting the systems around the world; and the anonymous hackers asked Ransom in Bitcoins. This is because transactions of Bitcoins are practically untraceable.[/color]

Offline cointech

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Re: What is Bitcoin?
« Reply #100 on: October 31, 2017, 01:12:31 PM »
Thanks, very helpful stuff.

Offline neowebwallet1

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Re: What is Bitcoin?
« Reply #101 on: November 04, 2017, 11:43:14 AM »
Bitcoin is pseudonymous, meaning that funds are not tied to real-world entities but rather bitcoin addresses. Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public. In addition, transactions can be linked to individuals and companies through "idioms of use" (e.g., transactions that spend coins from multiple inputs indicate that the inputs may have a common owner) and corroborating public transaction data with known information on owners of certain addresses.

Offline BillRox

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Re: What is Bitcoin?
« Reply #102 on: November 09, 2017, 11:10:32 AM »
BTC oldest and most popular crypocurrency now.

Offline cryptos digital

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Re: What is Bitcoin?
« Reply #103 on: November 14, 2017, 07:12:44 PM »
Have a look on cryptos.digital .. all about altcoins, crypto FAQ, Glossar and more ;)


Offline cointech

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Re: What is Bitcoin?
« Reply #104 on: November 17, 2017, 05:01:29 PM »
Wow, nice infographic!


 

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