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Author Topic: What is Bitcoin?  (Read 2338996 times)

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Offline bitcoinforum.comTopic starter

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What is Bitcoin?
« on: January 01, 2013, 03:45:04 PM »

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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 »
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Offline cryptocoin

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Re: What is Bitcoin?
« Reply #1 on: April 12, 2013, 09:09:55 PM »
I always watch this video everytime I forgot what bitcoin is. Nice post. Thanks!
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Offline Big Truck

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Re: What is Bitcoin?
« Reply #2 on: May 31, 2013, 03:21:29 PM »
Awesome info thanks
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Offline Coraline_Tez

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Re: What is Bitcoin?
« Reply #3 on: October 25, 2013, 03:20:53 PM »
It's actually turning out to be a great way to invest, believe it or not. It's like watching the stocks go up and down every day. Keeps me on my toes.
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Offline sovereign press

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Re: What is Bitcoin?
« Reply #4 on: November 07, 2013, 05:00:17 PM »
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Offline Coraline_Tez

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Re: What is Bitcoin?
« Reply #5 on: November 07, 2013, 07:07:11 PM »
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 s_matysik

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Re: What is Bitcoin?
« Reply #6 on: December 01, 2013, 02:40:18 PM »
This virtual currency, designed in 2008 by a person with the pseudonym Satoshi Nakamoto to be taken anywhere, anytime, is uncontrolled by any banking system, send money to another country instead take many hours it will take a few moments. You can be exchanged for other currencies, or with the help of a special program to kick bitcoiny, need a good graphics card.
In short bitcoin currency is simply the most perfect building blocks of numbers and letters coded so that they can not break ;)
« Last Edit: December 01, 2013, 02:42:19 PM by s_matysik »
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Offline Jackie_zzlv

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Re: What is Bitcoin?
« Reply #7 on: January 04, 2014, 07:53:06 AM »
Awesome info thanks 8)
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Offline ecoiner

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Re: What is Bitcoin?
« Reply #8 on: January 08, 2014, 06:28:35 AM »
Nice information thank you.
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Offline SUEhoward

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Re: What is Bitcoin?
« Reply #9 on: January 21, 2014, 10:07:44 AM »
Just so you know, bitcoin is a p2p coin. This is the first ever cryptocurrency in the history. No one can outlaw or regulate it, even government authorities because it is purely decentralized. As the latest virtual mode of payment, BTC has also wide arrays of usages in different industries. Bitcoin evolves so fast so always keep yourself updated! That's a helpful video, btw.
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Offline seanwilliam1988

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Re: What is Bitcoin?
« Reply #10 on: January 31, 2014, 06:41:24 AM »
It’s a very controversial and new digital currency that is currently dominating the online casino industry and other types of businesses are starting to accept it, too.
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Offline CherryServers.Marius

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Re: What is Bitcoin?
« Reply #11 on: April 15, 2014, 06:33:56 AM »
great info and links, thanks for sharing
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Offline Charlie Prime

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Re: What is Bitcoin?
« Reply #12 on: April 15, 2014, 10:05:53 PM »
This videos is good for newbies...

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Offline reymarkperry

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Re: What is Bitcoin?
« Reply #13 on: April 29, 2014, 08:47:17 AM »
Bitcoin might be a bit complicated for some, and they might find it hard to understand how it works. Here is a simplified illustration from BitcoinDaily infographic:
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Offline krasaan02

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Re: What is Bitcoin?
« Reply #14 on: May 02, 2014, 10:09:04 AM »
First time i see the video...

Thanks (Y)
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