Bitcoin Forum

Bitcoin => Bitcoin discussion => Topic started by: bitcoinforum.com on January 01, 2013, 03:45:04 PM

Title: What is Bitcoin?
Post by: bitcoinforum.com 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)

Title: Re: What is Bitcoin?
Post by: cryptocoin on April 12, 2013, 09:09:55 PM
I always watch this video everytime I forgot what bitcoin is. Nice post. Thanks!
Title: Re: What is Bitcoin?
Post by: Big Truck on May 31, 2013, 03:21:29 PM
Awesome info thanks
Title: Re: What is Bitcoin?
Post by: Coraline_Tez 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.
Title: Re: What is Bitcoin?
Post by: sovereign press on November 07, 2013, 05:00:17 PM
I wrote an article about it:

http://www.internationalman.com/global-perspectives/929-making-sense-of-bitcoin (http://www.internationalman.com/global-perspectives/929-making-sense-of-bitcoin)

Title: Re: What is Bitcoin?
Post by: Coraline_Tez 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.
Title: Re: What is Bitcoin?
Post by: s_matysik 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 ;)
Title: Re: What is Bitcoin?
Post by: Jackie_zzlv on January 04, 2014, 07:53:06 AM
Awesome info thanks 8)
Title: Re: What is Bitcoin?
Post by: ecoiner on January 08, 2014, 06:28:35 AM
Nice information thank you.
Title: Re: What is Bitcoin?
Post by: SUEhoward 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.
Title: Re: What is Bitcoin?
Post by: seanwilliam1988 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.
Title: Re: What is Bitcoin?
Post by: CherryServers.Marius on April 15, 2014, 06:33:56 AM
great info and links, thanks for sharing
Title: Re: What is Bitcoin?
Post by: Charlie Prime on April 15, 2014, 10:05:53 PM
This videos is good for newbies...

Title: Re: What is Bitcoin?
Post by: reymarkperry 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 (http://www.bitcoindaily.com) infographic: (http://bitcoindaily.com/media/Bitcoin-Daily-Bitcoin-101-Infographic.jpg)
Title: Re: What is Bitcoin?
Post by: krasaan02 on May 02, 2014, 10:09:04 AM
First time i see the video...

Thanks (Y)
Title: Re: What is Bitcoin?
Post by: KingJack on June 06, 2014, 02:52:35 PM

Bitcoin? The new era money.
Title: Re: What is Bitcoin?
Post by: BitBull on July 12, 2014, 12:36:43 PM
Yes, Bitcoin is our next step and sooner or later financial institutions will have to either admit it and deal with BTC or lose great chances to get more profit.
Title: Re: What is Bitcoin?
Post by: Shaun on August 17, 2014, 05:14:28 AM
Bitcoin is the greatest online currency with no fees involved where you can trade money to people in an instant! It is also a great site as there are also many ways to make money with bitcoin and it is like a savings account, making your money stored in it go up!!!AMAZING :)
Title: Re: What is Bitcoin?
Post by: Evander Smart on August 19, 2014, 02:41:33 AM
Bitcoin is simply "The Future of Money"!
Title: Re: What is Bitcoin?
Post by: Asianconnect on August 28, 2014, 10:02:51 AM
That illustration really would help newbie to understand what bitcoin is.
Title: Re: What is Bitcoin?
Post by: evander on September 27, 2014, 02:14:27 AM
Bitcoin is "The Future of Money".  And that's just it's first "app"!
Bitcoin will change how the world does business.  Forever.
Watch and learn.
Evander
Title: Re: What is Bitcoin?
Post by: icoin on October 13, 2014, 10:07:55 PM
this information is verified ?
tnx
Title: Re: What is Bitcoin?
Post by: impressivegol on October 17, 2014, 10:40:04 PM
none of the videos ppl are referencing are showing up for me? is it just me or were they removed. thx
Title: Re: What is Bitcoin?
Post by: princerobert on December 10, 2014, 08:50:20 AM
I like this video very much its very nice. I learned lot of information from this post. Thanks for sharing.
Title: Re: What is Bitcoin?
Post by: trishs on December 10, 2014, 10:18:35 AM
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
Title: Re: What is Bitcoin?
Post by: XcoinCall on December 15, 2014, 04:49:46 PM
Really good info to share with less Bitcoin-savvy individuals.
Title: Re: What is Bitcoin?
Post by: William C on March 11, 2015, 11:33:29 AM
Hello Friend,


Bitcoin is the first cryptocurrency introduced as an open-source in 2009. Cryptocurrency is a medium of making currency exchange using cryptography, which is one of the most secure transaction mode. Bitcoin is more like gold than cash. For more details you can refer cryptextechnologies.com
Title: Re: What is Bitcoin?
Post by: johnfxpips on April 02, 2015, 10:08:51 AM
Bitcoin is a currency, although digital, qualifies it for trading. It can be held, bought, traded, invested or stolen. The most extensively circulated cryptocurrency, originated in 2009 by someone (or some people) using the pseudonym Satoshi Nakamoto. It is produced by the process of “mining”, essentially using a computer’s processing power to work out intricate algorithms called “blocks.” Miners earn about25 Bitcoins once block is decrypted. This relies on GPU power. Another method of trading, is to basically exchanging fiat currency at a Bitcoin exchange.
Title: Re: What is Bitcoin?
Post by: sm newrak on April 12, 2015, 12:06:05 PM
Bitcoin is a nothing but a from of digital currency.it is created and held electronically and no one controls it.Here is Bitcoin Gift card(http://www.prepaidbitco.in) go ahead and check it out.
Title: Re: What is Bitcoin?
Post by: Skrill2015 on May 15, 2015, 04:58:16 PM
thanks for sharintg
Title: Re: What is Bitcoin?
Post by: robertdexter on June 01, 2015, 06:17:13 AM
Thanks for sharing this thread from this I came to know what Bitcoin is.
Title: Re: What is Bitcoin?
Post by: smeagol on July 15, 2015, 06:52:53 PM
Bitcoin is the future
I say this because it is a miracle after internet
Title: Re: What is Bitcoin?
Post by: johnlocke445 on July 24, 2015, 05:45:59 PM
I know this forum is dedicated to Bitcoin, however does anyone know if this new Bitgold can be held in on paper wallets in the same way that bitcoin can be held on paper for security. I called the Bitgold support and they had no idea what cold storage or paper wallets were to the digital currency world.
Title: Re: What is Bitcoin?
Post by: bitstampclone on January 21, 2016, 01:03:00 PM
Bitcoins can be used for online transactions between individuals. It is a type of digital currency which is based on encryption techniques. This currency trading doesn’t depends upon any centralized authority.
Title: Re: What is Bitcoin?
Post by: RoyalBtcGames on February 24, 2016, 05:26:35 AM
Thanks for the post
I never knew that.
Title: Re: What is Bitcoin?
Post by: reethushree on February 26, 2016, 07:34:47 AM
  Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.The bitcoin network is designed to mathematically generate no more than 21 million Bitcoins and the network is set up to regulate itself to deal with inflation. Bitcoins can be spent by initiating a transfer request from a Bitcoin address in the customer's wallet to a Bitcoin address in the vendor's wallet.
 Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into a public ledger.


 
Title: Re: What is Bitcoin?
Post by: nestingdoll on February 29, 2016, 08:08:51 AM
Awesome info thanks
Title: Re: What is Bitcoin?
Post by: musicsavvy on March 20, 2016, 04:02:14 AM
bitcoin is simply the king of currency
Title: Re: What is Bitcoin?
Post by: mmodelivery on April 25, 2016, 01:35:20 AM
I am looking into the business of bitcoin!
Title: Re: What is Bitcoin?
Post by: martin_john on May 02, 2016, 07:57:51 AM
I don't want to tell you what is Bitcoin. Just I want to tell you it's so important how you gonna get familiar with bitcoin.
The whole concept is a bit complex at the begging but keep going and try to read websites like techcoins.net and article about it to get more familiar with topic.
Title: Re: What is Bitcoin?
Post by: GKE on May 11, 2016, 07:32:30 AM
BTC is digital currency and I am currently using it with my anx account~
Title: Re: What is Bitcoin?
Post by: cinderalla_chen on May 12, 2016, 05:59:35 AM
It is  basically a digital currency, which would be traded.
Title: Re: What is Bitcoin?
Post by: cinderalla_chen 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.
Title: Re: What is Bitcoin?
Post by: Beth04 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.

cloud mining (https://www.coinmint.co/)
Title: Re: What is Bitcoin?
Post by: andreanewman on May 21, 2016, 10:16:56 AM
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.
Title: Re: What is Bitcoin?
Post by: Amazon 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.
Title: Re: What is Bitcoin?
Post by: ambericey on August 16, 2016, 07:40:10 AM
It's a great pleasure to hear your share and learn a lot.
Title: Re: What is Bitcoin?
Post by: KingdomFire 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..
Title: Re: What is Bitcoin?
Post by: jeraldskie11 on October 26, 2016, 02:27:19 AM
Thanks for this information! I hope it can help. :)
Title: Re: What is Bitcoin?
Post by: Bitport on October 28, 2016, 01:44:59 PM
Bitcoin is a freedom of choice
Title: Re: What is Bitcoin?
Post by: IWILLDOIT on November 08, 2016, 07:29:23 AM
Thank you for the info.
Title: Re: What is Bitcoin?
Post by: petsae on December 14, 2016, 11:03:28 PM
This infographic is great! Thanks!
Title: Re: What is Bitcoin?
Post by: Vasu Dev on January 21, 2017, 08:36:41 PM
As per Bitcoin Wikipedia
"Bitcoin is a cryptocurrency and a payment system".
Title: Re: What is Bitcoin?
Post by: cooorwinww on February 09, 2017, 08:38:02 AM
thanks
Title: Re: What is Bitcoin?
Post by: the-bitcoiner on March 01, 2017, 09:10:24 AM
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
Title: Re: What is Bitcoin?
Post by: Liana on March 05, 2017, 12:12:45 PM
Bitcoin Basic Concepts

Bitcoin is a shared ledger.  It is essentially a spreadsheet that shows how many bitcoins each account contains.  All the complications come from the need to make sure it is valid and everyone see the same ledger.
 The current state of the ledger is determined by a decentralized and trustless consensus.  It cannot be controlled at any central point.
Bitcoin “mining” is the process of adding transactions to the ledger and is done by solving math problems that take substantial computational power.
The “consensus” is achieved by users and “miners” deciding to run compatible versions of the software and enforcing the consensus rules.
Users can run “nodes” using peer-2-peer connections that shares the ledger.  By running a full node a user can completely verify all transactions without the need of a third party service.
Nodes enforce the rules by only broadcasting transactions and sections of the ledger that fit within the consensus rules.
A user can easily verify the shared ledger took a huge amount of computational power to create as a way of trusting it is real.
Miners get transaction fees and “block rewards” as an incentive to use their computer power.
The “block rewards” are a way to initially distribute the currency and are cut in half about every 4 years until all 21 million bitcoins are distributed in 2140.  Due to the nature of “halving” most bitcoins are distributed during the first few halvings.  It was 50 Bitcoins for the first 4 years and is currently 25 Bitcoins.  In 2016 it will be 12.5 and in 2020 it will be 6.25.
Bitcoin addresses are secure because the numbers are so large that all the computers in the world cannot come close to cracking it.
A Bitcoin can be broken down to 8 decimal digits so each one has 100 million pieces.
A Bitcoin transaction can be used to indirectly store information in the permanent shared ledger without trusting a third party.

For more info check my blog --->>> tips-and-tricks-bitcoin.blogspot.com
Title: Re: What is Bitcoin?
Post by: brethheaden on March 14, 2017, 04:28:11 PM
For quick understanding, consider Bitcoins as Coins in the form of bits (010101.......). Yes it is a digital currency with a promising future.
Title: Re: What is Bitcoin?
Post by: jiajiannnnn on April 04, 2017, 12:45:52 PM
Bitcoin is both a cryptocurrency and an electronic payment system invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto
Title: Re: What is Bitcoin?
Post by: tungsonmtp on April 13, 2017, 02:28:26 PM
I always watch this video everytime I forgot what bitcoin is.
Nice post. Thanks!
Title: Re: What is Bitcoin?
Post by: Genesis on April 19, 2017, 02:55:51 PM
Basically bitcoin is a digital currency that become success of so far and as we all know digital or virtual this isn't like a physical money and bitcoin can only be stored in your bitcoin wallet .Bitcoin as we all know was made by Satoshi Nakamoto but never been confirmed who is this person or is he really the maker of bitcoin.
Title: Re: What is Bitcoin?
Post by: the-bitcoiner on May 05, 2017, 10:38:22 AM
I still don't understand completely how crypto currencies work
Title: Re: What is Bitcoin?
Post by: squadus on May 27, 2017, 11:55:45 PM
The blockchain has so much potential. Not just for financial services, but digital assets of all kinds. :)
Title: Re: What is Bitcoin?
Post by: stlords on May 31, 2017, 11:38:44 AM
Hey it's really cool.. I heard from my friend about this bitcoin, later even m using it and I'm getting usefull from this bitcoin.. Thanks a lot..

Title: Re: What is Bitcoin?
Post by: rpggal33 on June 26, 2017, 06:00:49 AM
I think it is a form of cybercurrency.
Title: Re: What is Bitcoin?
Post by: oheysmith on June 26, 2017, 07:15:00 AM
Bitcoin has tremendous ultra potential value.
Title: Re: What is Bitcoin?
Post by: Key on July 05, 2017, 02:30:51 PM
This videos is good for newbies...(http://ikredits.info/lk.jpg)



hahahahah
Title: Re: What is Bitcoin?
Post by: rakesh889 on July 07, 2017, 01:10:14 PM
Bitcoin is a type of cryptocurrency. It is one of the first digital currencies to use peer-to-peer (P2P) technology to facilitate instant payments. It is a user as well as a tech-friendly digital currency and thus public can access it easily. Nobody owns or controls Bitcoin.

Bitcoins are traded easily with the help of transfers between the sender and receiver through wallets. A wallet is a small personal database that can be stored on your computer drive, smartphone, tablet or somewhere in the cloud through which one can buy and sell BTC.

Bitcoins are made and circulated through a self-governing process of ‘mining’. It is referred to as self-governing because only 21 million total BTC will be allowed to exist ever, out of which almost 11 million BTC have been mined already and are in current circulation.

Title: Re: What is Bitcoin?
Post by: GeorgeSoro on July 07, 2017, 10:45:13 PM
What is Bitcoin?

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





awesome post
Title: Re: What is Bitcoin?
Post by: rakesh889 on July 20, 2017, 07:02:51 AM
I have got a very good article for all the newbies, http://blog.flitpay.in/need-know-bitcoins/
Title: Re: What is Bitcoin?
Post by: girish.laathar on July 24, 2017, 11:06:40 AM
Bitcoin is a type of digital currency in which encryption techniques are used to generate digital currency. To know more about blockchain apps and software, visit the Draglet website.
Title: Re: What is Bitcoin?
Post by: cashonly on August 02, 2017, 01:31:12 AM
I am a newbie on Bitcoin field! I have a question as a new member. So there was something going on between Bitcoin and Segwit? on August 1th?? can anyone tell me what was it about?
Title: Re: What is Bitcoin?
Post by: dollarfx on August 14, 2017, 08:03:57 AM
I am a newbie on Bitcoin field! I have a question as a new member. So there was something going on between Bitcoin and Segwit? on August 1th?? can anyone tell me what was it about?


I have actually no idea about segwit but i know about Bitcoin.
Title: Re: What is Bitcoin?
Post by: AmaitKumar on August 24, 2017, 11:41:14 AM
Bitcoin is basically a digital crypto-currency that can be earned by variety of ways. In ancient times, mining of Bitcoins was done by using various network of computers from around the world. But now a days, with the enhancement in crypto world, bitcoins are mined effectively with easy and fair way.
Title: Re: What is Bitcoin?
Post by: tlindpreico on August 29, 2017, 09:18:02 AM
Thank you for the video. How can i get my first coins?
Title: Re: What is Bitcoin?
Post by: bragen on September 05, 2017, 03:49:05 AM
BITCOIN is a digital money of course..lol
Title: Re: What is Bitcoin?
Post by: dollarfx on September 06, 2017, 08:04:39 AM


Thanks for the information as i was looking for ways on how i can earn the free bitcoins.
Title: Re: What is Bitcoin?
Post by: Romanova on September 08, 2017, 08:04:54 AM
Отличный пост, спасибо)
Title: Re: What is Bitcoin?
Post by: dillema018 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.
Title: Re: What is Bitcoin?
Post by: dashboard1 on September 22, 2017, 12:35:31 PM
Learned a lot for a newbie like me. Many thanks. :)
Title: Re: What is Bitcoin?
Post by: Setrionf on September 23, 2017, 02:46:17 PM
good explanations
Title: Re: What is Bitcoin?
Post by: dashboard1 on September 26, 2017, 12:16:19 PM
Thank you for these hreat discussion.. learned a lot. :)
Title: Re: What is Bitcoin?
Post by: jjackson on September 27, 2017, 02:50:13 PM
yeah, much interesting and usefull information...not only for newbie)
Title: Re: What is Bitcoin?
Post by: bitoye 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.
Title: Re: What is Bitcoin?
Post by: icoholder 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.
Title: Re: What is Bitcoin?
Post by: technogeek 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]
Title: Re: What is Bitcoin?
Post by: cointech on October 31, 2017, 01:12:31 PM
Thanks, very helpful stuff.
Title: Re: What is Bitcoin?
Post by: neowebwallet1 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.
Title: Re: What is Bitcoin?
Post by: BillRox on November 09, 2017, 11:10:32 AM
BTC oldest and most popular crypocurrency now.
Title: Re: What is Bitcoin?
Post by: cryptos digital on November 14, 2017, 07:12:44 PM
Have a look on cryptos.digital .. all about altcoins, crypto FAQ, Glossar and more ;)
(http://cryptos.digital)
Title: Re: What is Bitcoin?
Post by: cointech on November 17, 2017, 05:01:29 PM
Wow, nice infographic!
Title: Re: What is Bitcoin?
Post by: TeamLeadCrypto on November 18, 2017, 02:22:27 PM
BTC - Real and profitable crypto currency
Title: Re: What is Bitcoin?
Post by: obizcoin.ico on November 21, 2017, 07:25:14 AM
Simple explanation of bitcoin
How bitcoin works ?
What is blockchain ?


Bitcoin price change can be attributed to multiple factors.
Economic Factors - Supply / Demand fluctuations
Public Sentiments - Sentimentals attached to ownership of bitcoins
Charts and Trends - Technical analysis trends can have impact on price change
Market News - Banks or reputed individuals and other institutions forming opinions on Bitcoin survival and future
Legal Impositions - Governments posing restricitions or liberaliing use of bitcoin can have a critical impact
Security - Security concerns like hacking into popular exchanges can hurt sentiments in the short run
Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price.
Title: Re: What is Bitcoin?
Post by: MaxZara87 on November 22, 2017, 01:49:45 PM
I know what BTC is but this video will be good and accessible explanation for my family
Title: Re: What is Bitcoin?
Post by: Zabercoin on November 22, 2017, 04:19:46 PM
For those who use bitcoins, this is the method of investing, which is the most popular today. And for some people, it is something incomprehensible and unknown)
Title: Re: What is Bitcoin?
Post by: Expertofcrypto5 on November 23, 2017, 10:42:55 AM
  Bitcoin is a story about freedom of money, since both these theses are most brazenly violated in this payment system. Bitcoin does not issue any of its administrative centers. New money appears in the system as a reward for those who managed to create a new block using the hash selection method (which is what it is - see below).
  There is no compulsory arbitration of transactions: money is transferred from one participant to another without the participation of third parties. No commission system, no restrictions: free movement of funds to anywhere in the world.
There is no central place for storing information about transactions. All operations are written to a database, which is stored distributed, on each client computer of the network. And the information on transactions on the principle of the torrent is replenished, by disseminating data from one participant in the system to another.
There is no built-in system of binding money and personalities. Money is completely separate from the person, anonymous.
Bitcoin - this is so unusual money that an unprepared person can be difficult to delve into all the "breaking the canons" features of this currency. Therefore we will analyze the mechanism of their action in stages in order to understand the whole architecture.
Title: Re: What is Bitcoin?
Post by: Bitcoin_Novoline on November 25, 2017, 07:37:29 PM
nicely presented article
Title: Re: What is Bitcoin?
Post by: Uncle Blade on November 28, 2017, 04:40:40 AM
I have only been crypto for a few months and have loved it!

Join me on my journey!

Title: Re: What is Bitcoin?
Post by: KevinMalbort on December 01, 2017, 06:44:46 AM
Nice and easy video!
as for me BTC is a good way to invest in the future, as we can see the growth of bitcoin is growing and is gaining more popularity. And it's only begining
Title: Re: What is Bitcoin?
Post by: Bitcoin_Novoline on December 02, 2017, 01:32:13 PM
Bitcoin is simply life :)
Title: Re: What is Bitcoin?
Post by: The Bitcoin Mann on December 05, 2017, 11:58:04 PM
Title: Re: What is Bitcoin?
Post by: Garden on December 07, 2017, 12:35:32 PM
That's a pretty funny cartoon about bitcoin=) Bitcoin is really convenient although not many people were able to appreciate it. It's still quite a profitable investment.
Title: Re: What is Bitcoin?
Post by: Cryptobee2018 on December 19, 2017, 10:06:05 PM
 NICE info link thanks for sharing
Title: Re: What is Bitcoin?
Post by: BillRox on December 20, 2017, 12:15:17 PM
nice video! Bitcoin is something with which I fall asleep when I watch information on stock exchanges and then with what I wake up every day
Title: Re: What is Bitcoin?
Post by: Michael Richard on December 29, 2017, 12:48:55 PM
You can’t really understand about Bitcoin like that, if you want to understand about it, then you need the proper expert guide. Please don’t think any expert is FREE enough to come and guide you like that. Everything has its own cost. And people who invest in knowledge are one who is always happy and successful.

I have put my money into learning, it has really helped me in a major way not just to understand how this industry works, but also to do with ways I could go about earning. I am lucky to found James; [EDITED]!
Title: Re: What is Bitcoin?
Post by: BlockTechnology on January 02, 2018, 01:13:33 PM
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoin uses the technology of the future - blockchain. At the moment, the most common crypto currency in the world
Title: Re: What is Bitcoin?
Post by: cryptorated on January 12, 2018, 06:54:59 AM
Bitcoin is a digital currency which uses peer-to-peer technology to facilitate instant payments. The transaction of bitcoin is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The below figure helps you to better understand the working of bitcoin.
(http://www.libertyclick.org/wp-content/uploads/Bitcoin-Transaction-Infographic1.jpg)

Title: Re: What is Bitcoin?
Post by: OliviaBell on January 12, 2018, 07:20:44 AM
Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
Title: Re: What is Bitcoin?
Post by: francofunghi on January 12, 2018, 10:35:07 AM
Bitcoin is p2p payment system with limited token supply
Title: Re: What is Bitcoin?
Post by: cryptojean on January 12, 2018, 02:36:17 PM
It is a dream ;-)
Title: Re: What is Bitcoin?
Post by: NEXT{}2 on January 28, 2018, 01:37:04 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.
I completely agree
Title: Re: What is Bitcoin?
Post by: NEXT{}2 on January 28, 2018, 01:41:45 PM
Very nice post. Thanks!
Title: Re: What is Bitcoin?
Post by: MaxXXXX on January 28, 2018, 02:03:55 PM
this is the greatest discovery
Title: Re: What is Bitcoin?
Post by: xyzzy on February 07, 2018, 02:17:42 PM
Btc most popular crypocurrency now!
Title: Re: What is Bitcoin?
Post by: innate on February 09, 2018, 06:47:34 AM
Thanks everyone for their answers and help!
Title: Re: What is Bitcoin?
Post by: BlockTechnology on February 10, 2018, 11:38:27 AM
Board of Intermediate and Secondary Education Multan was established in 1968 and it is also located at the Gol Bagh Gulgasht Colony, Multan. BISE Multan has the jurisdiction of Multan, Khanewal and Lodhran schools and colleges and Multan Board is also responsible to conduct the matric and inter annual exams. The main aim of BISE Multan is to raise the standard of education in the Multan schools and colleges located in its jurisdiction and also manage their annual exams of SSC and HSSC at the respective dates.
BISE Multan has maintained its own schedule to conduct the annual exams of 9th and 10th classes. When the process of receiving of the admission forms is finished then Multan board issues SSC date sheets along with the Matric roll number slips of the candidates on their mailing addresses. The date sheet is issued to the students for the matric class in February as the annual exams of 9th and 10th classes are conducted in the month of March. Similarly, HSSC date sheet of the annual exams of intermediate class is issued in March while the annual exams of HSSC in the month of April. Approximately 24,000 students appear in the annual exams of Matric class while about 13,000 students appear in the FA/FSc annual exams. Multan board takes three months in the preparation of the annual exams result, which is also updated on its official website.
bisemultan.result2018.pk
It does this have to do with bitcoin?
Title: Re: What is Bitcoin?
Post by: Anita_S on February 14, 2018, 03:25:21 PM
in the video that I saw for the first time when meeting with bitcoin
Title: Re: What is Bitcoin?
Post by: HashGains on February 15, 2018, 09:46:25 AM
Bitcoin is latest trending currency but its not real it is a digital or can say virtual currency. You can purchase anything from Bitcoin. You can buy goods, services, you can pay bills etc.
Title: Re: What is Bitcoin?
Post by: Moi2x on February 22, 2018, 12:36:35 PM
Thank you so much for the videos and information it really help me to understand the bitcoin, it help us to communicate easier with the use of bitcoin without any hassle with the help of the Internet access which is globally trending
Title: Re: What is Bitcoin?
Post by: tuma on February 25, 2018, 10:59:11 PM
usefull info , thanks
Title: Re: What is Bitcoin?
Post by: Sensiyorum on February 26, 2018, 09:45:40 PM
Btc most popular crypocurrency now!
I think that after the recent bitcoin price slump, demand for it has indeed a little bit decreased, and a lot of investors have actually suffered from such a rapid price drop.
Title: Re: What is Bitcoin?
Post by: CryptoCZ on March 05, 2018, 02:11:03 PM
I think that after the recent bitcoin price slump, demand for it has indeed a little bit decreased, and a lot of investors have actually suffered from such a rapid price drop.
The volume of trading fell sharply after correction, and throughout the market, and not just in bitcoin
Title: Re: What is Bitcoin?
Post by: bitcoindetect on March 08, 2018, 08:12:51 PM
I personally think that bitcoin and cryptocurrency will be used solely for gaming and gambling in the near future.
Title: Re: What is Bitcoin?
Post by: Shaneshane on March 13, 2018, 02:16:00 PM
I really love watching the video..
Bitcoin help me to earn money and provide the needs of my kids.😘😘😘 love bitcoin.
Title: Re: What is Bitcoin?
Post by: miri on March 14, 2018, 12:16:50 PM
Bitcoin was designed with many unique features to become a payment option, store of value or simply an alternative digital currency. Since its history it's moving on extensively to find and prove the best niche for Bitcoin, not only in the crypto space but the way it's integrated into the modern everyday life all over the world. Bitcoin has still much of potential, that can hopefully be realized to transform life for better.
Title: Re: What is Bitcoin?
Post by: bitpay on March 16, 2018, 09:48:24 AM
Bitcoin is a first digital decentralised cryptocurrency.
Title: Re: What is Bitcoin?
Post by: YondoCoin on March 23, 2018, 08:44:15 AM
Hi,

I check best answer and I get lot of information about bitcoin. Thanks for your information and tips.

Regards
YondoCoin
Title: Re: What is Bitcoin?
Post by: yazzy on April 11, 2018, 02:07:23 PM
Really helpful! I actually wanted to try out bitcoin hence joined this forum.  Thanks for sharing the vid!  Crypto is totally the future and there's so much it can offer to a lot of people wanting to dive in.
Title: Re: What is Bitcoin?
Post by: Zoey_iam on April 13, 2018, 09:57:49 PM
Awesome info! Thanks for sharing this video!  It's a must watch specially to those who are just starting out or having an interest about bitcoin.
Title: Re: What is Bitcoin?
Post by: bitcoinwest on April 21, 2018, 09:12:29 AM
BITCOIN IS MONEY FOR THE INTERNET USERS.
Title: Re: What is Bitcoin?
Post by: Joe Williams on April 28, 2018, 11:24:57 AM
Great info. Thanks
Title: Re: What is Bitcoin?
Post by: CryptoCZ on April 30, 2018, 12:21:55 PM
Bitcoin is the future)
Title: Re: What is Bitcoin?
Post by: Haran on May 04, 2018, 05:36:19 PM
Bitcoin is the leading cryptocurrency with a value of 1BTC=$8000 currently. You can trade this coin as its value fluctuate due to the liquidity of the market. The currency has a bright future, so if you have the Bitcoin then you will be a wealthier person in the near future.
Title: Re: What is Bitcoin?
Post by: Coinini on May 08, 2018, 02:16:26 PM
BTC is an archetype of cryptocurrencies but it has no real value, poor speculation. I thing that future of market are coins like Nebula Network with solid backing and rock stable rate independent from BTC.
Title: Re: What is Bitcoin?
Post by: Nimiq King on May 15, 2018, 05:46:50 AM
Awesome information in here! I'm going to pass it to a friend to introduce him :)
Title: Re: What is Bitcoin?
Post by: JohnRichards on May 17, 2018, 05:03:28 AM
Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
Title: Re: What is Bitcoin?
Post by: Haran on May 30, 2018, 03:10:37 AM
Bitcoin is the wonder of the current century which has gathered the attention of the whole world. Now, people have stories to share and convince others about the viability of this coin. I think it is the future leader of the currency world. What do you think folks?
Title: Re: What is Bitcoin?
Post by: crypterum on May 30, 2018, 10:38:04 AM
Like your definitions)
Title: Re: What is Bitcoin?
Post by: BestW1shes on May 30, 2018, 11:28:26 AM
Bitcoin is cryptocurrency, created by nakamoto
Title: Re: What is Bitcoin?
Post by: andrewbenson on June 07, 2018, 10:44:01 AM
Good article...the good product sell himself...that's why I had invested only on MUSDcoins and BTC
Title: Re: What is Bitcoin?
Post by: BestW1shes on June 09, 2018, 02:17:12 PM
BTC is a great archetype of cryptocurrency! However I prefer more innovative projects. I thing that soon we will see alt coins with rock stable rate independent from BTC. There is already Nebula Network - decentralized storage cloud with emission mechanism tied to the supply (in form of computational power and disc space). Thanks of solid backing it's rock stable. May it be a solution for investor fears?
Many investors fear volatility
Title: Re: What is Bitcoin?
Post by: tonga07 on June 13, 2018, 07:05:53 AM
i new in bitcoin...


thank for support video
Title: Re: What is Bitcoin?
Post by: JerryHenry on June 20, 2018, 10:30:56 AM
Bitcoin is the world's first cryptocurrency, a type of electronic cash. It is the primary decentralized digital currency. It offers lower fees with Worldwide payments. It enables users to trade among themselves exclusively.
Bitcoin is open-source; its design is public, no one possesses or controls Bitcoin and everybody can take part. Through a large number of its unique properties, Bitcoin allows exciting uses that couldn't be covered by any past payment system.
Title: Re: What is Bitcoin?
Post by: Cryptoagent007 on June 23, 2018, 07:36:52 PM
Hi everybody, as per opportunity of earning cryptocurrency Ethereum and exchanging bitcoins into Ethereum and conversely I would like to emphasize new cryptoplatform Stepium. This is reliable crypto platform based on affiliate marketing with a wide range of opportunities.
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on June 26, 2018, 12:30:13 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.
BTC is a simple to use and safe.
Bitcoin is one of the most important inventions in all of human history.
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on June 26, 2018, 12:31:06 PM
Bitcoin is the world's first cryptocurrency, a type of electronic cash. It is the primary decentralized digital currency. It offers lower fees with Worldwide payments. It enables users to trade among themselves exclusively.
Bitcoin is open-source; its design is public, no one possesses or controls Bitcoin and everybody can take part. Through a large number of its unique properties, Bitcoin allows exciting uses that couldn't be covered by any past payment system.
You can also buy a house with bitcoin, and it's not as hard as you may think.
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on June 26, 2018, 12:31:58 PM
You just need one thing: For the buyer and seller to agree on exchanging bitcoin for the property.
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on June 27, 2018, 04:48:40 PM
What is Bitcoin?

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

Bitcoin is the world's first cryptocurrency, a form of electronic cash. It is the first decentralized digital currency: the system works without a central bank or single administrato
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on June 27, 2018, 04:50:15 PM
You just need one thing: For the buyer and seller to agree on exchanging bitcoin for the property.
With Arabian Escapes
You can also buy a house with bitcoin
Title: Re: What is Bitcoin?
Post by: BestW1shes on July 07, 2018, 12:39:57 PM
With Arabian Escapes
You can also buy a house with bitcoin
It is a pity that not all countries have so far extended
Title: Re: What is Bitcoin?
Post by: Isabella85 on July 16, 2018, 01:00:58 PM
Thanks for such a thorough explanation! I found grasping the idea of cryptocurrencies rather difficult until now. We live in strange times.
Title: Re: What is Bitcoin?
Post by: Belfricsbt on August 10, 2018, 06:03:15 AM
Bitcoin is digital currency and is not owned by a central government or a central bank. It can be sent from one person to another person in the world throught internet, even to an unknown person. All the transaction details are stored in internet and there is no physical papers.
Title: Re: What is Bitcoin?
Post by: bitbud on August 10, 2018, 06:09:57 AM
Some really nice explanations, thanks for that!
I needed this channel when I tried to explain my mum what bitcoin actually is - she thought I'm doing something illegal.
Hopefully I can bring her this topic closer now (:
Title: Re: What is Bitcoin?
Post by: amadeussitoi on August 13, 2018, 01:04:51 PM
Some really nice explanations, thanks for that!
I needed this channel when I tried to explain my mum what bitcoin actually is - she thought I'm doing something illegal.
Hopefully I can bring her this topic closer now (:


Hahah, actually I'm not surprised mums can think so. Monero for example is used all over the Dark Net (where you can buy, share and sell anything illegal).


And yes, explanations here are very helpful, thanks to you all!
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on August 19, 2018, 05:01:59 PM
What is Bitcoin?

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

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on August 19, 2018, 05:03:43 PM
I always watch this video everytime I forgot what bitcoin is. Nice post. Thanks!
Bitcoin allows exciting uses that could not be covered by any previous payment system.
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on August 19, 2018, 05:06:25 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.
Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part (https://bitcoin.org/en/support-bitcoin)[/size][/font][/size]. Through many of its unique properties.[/color]
Title: Re: What is Bitcoin?
Post by: JosefinaCrane on August 20, 2018, 10:42:42 AM
I am a new to this forum and I am very much aware about the spamming, but what I came to when I was new, here is an article from investopedia, where they have a complete explanation  related to bitcoin confusion, as there are so many contents around the globe where you always find something new, but when its comes to the basic this one I really prefer to share.



www dot investopedia dot com / tech / what-is-bitcoin
Title: Re: What is Bitcoin?
Post by: SarahApple on August 21, 2018, 01:00:44 PM
Thanks Josefina!
Title: Re: What is Bitcoin?
Post by: CRcentrum on August 24, 2018, 01:09:46 PM
Bitcoin is first digital cryptocurrency
Title: Re: What is Bitcoin?
Post by: dianadsouza on August 29, 2018, 06:12:04 AM
What is Bitcoin?

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



Hey nice, Thank you!
Title: Re: What is Bitcoin?
Post by: MarkNote on September 10, 2018, 10:28:58 AM
thank you all for such useful information!
Title: Re: What is Bitcoin?
Post by: vladimir343 on September 12, 2018, 03:35:51 PM
Bitcoin is digital cash which eliminated one of the biggest disadvantages of digital cryptocurrencies faced before they took off, called double spending. With no intermediate authority to settle transactions and verify them, it was possible to spend the same funds twice.



Read full article here: coinswitch.co/info/bitcoin/what-is-bitcoin
Title: Re: What is Bitcoin?
Post by: blocktoken on September 25, 2018, 02:33:38 AM
Awesome!.....
Title: Re: What is Bitcoin?
Post by: JosefinaCrane on September 27, 2018, 08:21:36 AM
In very simple terminology Bitcoin is a form of digital currency. It is considered to be the first form of digital currency or cryptocurrency. Unlike our regular currency it is not issued or controlled by central authority such as banks or financial institutions. As per the information mentioned on the website Bitcoin.org Bitcoin means:- Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.
Title: Re: What is Bitcoin?
Post by: lynkarya on October 02, 2018, 05:08:31 AM
A longer article on bitcoin features https://ninja.org/blog/what-is-bitcoin/
Title: Re: What is Bitcoin?
Post by: BitcoinXCash on October 02, 2018, 09:52:41 AM
VERY helpful topic!
Title: Re: What is Bitcoin?
Post by: swminershop.com on October 03, 2018, 12:26:19 PM
very helpful
Title: Re: What is Bitcoin?
Post by: airdropsbuzz on October 08, 2018, 11:52:15 AM
Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin is the talk of the town these days. This sent a negative signal to the world in relation to Bitcoin.
Title: Re: What is Bitcoin?
Post by: bitpon on October 25, 2018, 06:43:41 AM
hello i am new member and i am still understanding what bitcoins are *sorry for bad english
Title: Re: What is Bitcoin?
Post by: AndrejWarhola on October 26, 2018, 11:24:59 AM
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as "bitcoin."


The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros – they're produced by computers all around the world, using free software.


It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.
Title: Re: What is Bitcoin?
Post by: emma.lee1890 on October 28, 2018, 05:33:06 PM
Each Bitcoin is basically a computer file which is stored in a 'digital [/size]wallet[/color][/size]' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital [/color][/size]wallet[/color][/size], and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the [/color][/size]block chain[/color]
Title: Re: What is Bitcoin?
Post by: shariarporosh on October 29, 2018, 06:44:09 AM
very informative post, thanks for sharing with us this valuable info, now I have got a clear concept about It.  I appreciate
Title: Re: What is Bitcoin?
Post by: shariarporosh on October 31, 2018, 09:30:53 AM
Bitcoin become the reserve currency of the world
-- No clue, but I bet a bunch of people hopes so
Title: Re: What is Bitcoin?
Post by: gogas2 on November 09, 2018, 05:29:57 PM
Nice Video, Thanks for sharing
Title: Re: What is Bitcoin?
Post by: coinologist on November 13, 2018, 12:06:29 PM
Great information, Thank you!
Title: Re: What is Bitcoin?
Post by: AndrejWarhola on November 15, 2018, 12:33:50 PM
I found this article :- https://www.coindesk.com/information/what-is-bitcoin
Title: Re: What is Bitcoin?
Post by: DemLabs on November 24, 2018, 07:56:15 PM
Many useful links. Thanks guys
Title: Re: What is Bitcoin?
Post by: grace on November 27, 2018, 01:59:09 AM
hello. i am new here. its a good thing i watch the video. very informative and gives me an idea of how bitcoin runs in the digital web today. i hope i can learn more thank you
Title: Re: What is Bitcoin?
Post by: Areding on November 27, 2018, 09:14:08 AM
For me, cryptocurrency is a way to quickly pay off someone, without spending on significant commissions. I know for sure that my transfer will quickly reach any country and will not be delayed for several days or weeks by a bank employee. As a bonus, the crypt also allows you to pay anonymously.
Title: Re: What is Bitcoin?
Post by: cryptocrazy247 on December 02, 2018, 06:28:41 AM
well said  :) :)
Title: Re: What is Bitcoin?
Post by: Tatyana on December 03, 2018, 02:32:04 PM
In nowadays cryptocurrency is not more then exchange money between rich people, politicians, criminals and luckies, who invested money in right time in right place.

This is my own subjective opinion, but in my country this type of payment is only for middle and upper class people. I hope it'll change in near future.
Title: Re: What is Bitcoin?
Post by: blockminded on December 27, 2018, 04:30:46 AM
Bitcoin was invented by Satoshi Nakamoto in 2009. Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin falls under the scope of cryptocurrency and was the first and most valuable among them. It is commonly called a decentralized digital currency.
At the current moment in time, Bitcoin is hovering around $6,500, remaining relatively flat over the last 30 days.

 
Title: Re: What is Bitcoin?
Post by: kavyasahu on January 07, 2019, 09:12:01 AM
Bitcoin is a decentralized, peer-to-peer electronic crypto currency. There is no governing body or issuing authority for Bitcoin. Bitcoin network operates on cryptographic protocol and the public database is fault tolerant and resistance to corruption. Bitcoin network operateswithout a central repository or a centralized administration and the transactions directly takes place between users. 

Bitcoins can be converted to other real world currencies and can be used for payment. Bitcoins are created by mining. Mining is the process by which volunteers known as miners lend their computing power to verify transactions and record them in a public ledger. Miners keep the network secure.
Title: Re: What is Bitcoin?
Post by: michaellyamm on January 14, 2019, 10:03:35 AM
Bitcoin is a crypto-currency with a innovative payment network that forms a decentralized, peer-to-peer payment system, without the control of any centralised authority.
Title: Re: What is Bitcoin?
Post by: tonywiseman on January 25, 2019, 10:48:12 PM
A Kiwi comedian just did a new comedy sketch about BTC. It's actually really funny and true too. Makes you realise that even a lot of people who invest in BTC don't understand what it is! Worth a watch:
index=1&list=PL0l0jMOUtacv-WO-QDgy7PUuOlcRc51PE
Title: Re: What is Bitcoin?
Post by: Norman on February 18, 2019, 02:50:25 PM
Bitcoin is new money.
Title: Re: What is Bitcoin?
Post by: Hampan32 on March 15, 2019, 04:08:18 PM
Great info and links, thanks for sharing this!
Title: Re: What is Bitcoin?
Post by: Hampan32 on March 15, 2019, 04:44:07 PM
Bitcoin is on the way up!
Title: Re: What is Bitcoin?
Post by: anyything on March 19, 2019, 09:11:20 AM
thanku. this information had been useful for me :) :) ;) :D ;D
Title: Re: What is Bitcoin?
Post by: TradeForexcopier on March 20, 2019, 01:36:41 PM
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from devotee to user re the peer-to-peer Bitcoin network without the dependence for intermediaries
Title: Re: What is Bitcoin?
Post by: popeye on March 21, 2019, 10:12:48 PM
new generation of decentralized digital currency, created and working only on the Internet))
Title: Re: What is Bitcoin?
Post by: tepu on March 22, 2019, 09:50:46 PM
This thread is great, there are so many good information here.
Good job!
Title: Re: What is Bitcoin?
Post by: maks-ivanov89 on March 24, 2019, 08:38:05 PM
Hello, everyone, how are you doing? I trade bitcoin, and I would like to know your thoughts on the future direction of the coin?
Title: Re: What is Bitcoin?
Post by: enzio23 on March 25, 2019, 07:31:25 AM

With kids learning common core math they'll be able to explain to their parrents one day
Title: Re: What is Bitcoin?
Post by: maks-ivanov89 on March 27, 2019, 05:55:51 PM
The main thing is that they will understand in the future
Title: Re: What is Bitcoin?
Post by: RaimondRandom on March 28, 2019, 11:11:57 AM
HODL!!!
Title: Re: What is Bitcoin?
Post by: Peter Jack on May 02, 2019, 11:51:53 AM
What is Bitcoin Wallet?
A crypto wallet or bitcoin wallet is similar as bank account. It permits you to add, store and send bitcoins and altcoins. These wallets contain addresses, private keys, public keys, and hash keys that allows you to transact on the network.
Multiple types of bitcoin wallets are available in the market to trade bitcoin:
1. Desktop Based
2. Hardware Based
3. Mobile Based
4. Web Based


Why Bitcoin Wallet?
Complete control over private keys – A crypto wallet where you own and control your keys.
Backup & security – Seed backup keys, addresses, and pin codes.
User-friendly – Elegant UI for fast and easy use.
Cross-device wallet – Compatible on different operating systems.
Title: Re: What is Bitcoin?
Post by: OllieCrypto on May 11, 2019, 05:54:05 AM
bitcoin is lifeeeeeeeeeee
at least, it might change some peoples lives by showing them that government approval isn't necessary for their currencies.
Title: Re: What is Bitcoin?
Post by: mybitmix on May 15, 2019, 11:35:19 PM
Bitcoin change live of many people! I hope btc price will be high!
Title: Re: What is Bitcoin?
Post by: Dannev on May 20, 2019, 04:19:06 PM
Thanks for this video. It's quite useful.
Title: Re: What is Bitcoin?
Post by: bart8e on May 29, 2019, 09:13:55 AM
That's very broad topic. To me - Bitcoin is the currency of the future
Title: Re: What is Bitcoin?
Post by: killy_93 on May 29, 2019, 10:17:52 AM
That's very broad topic. To me - Bitcoin is the currency of the future
Well, maybe, but I'm 100% sure that this is still distant future. For now, Bitcoin is only a virtual money, it doesn't exist to many many people
Title: Re: What is Bitcoin?
Post by: ExchangeRatesPro on May 29, 2019, 12:44:55 PM
For some, Bitcoin IS the Future =)
Title: Re: What is Bitcoin?
Post by: Lily_Olive on May 29, 2019, 10:44:21 PM
Well very informative post..
Bitcoin is a digital assets  in form of currency...
Title: Re: What is Bitcoin?
Post by: Mermaid on June 07, 2019, 11:15:29 PM
For some, Bitcoin IS the Future =)


I guess, not for some - already fo many
Title: Re: What is Bitcoin?
Post by: Paul88 on June 12, 2019, 02:01:11 PM
Well, maybe, but I'm 100% sure that this is still distant future. For now, Bitcoin is only a virtual money, it doesn't exist to many many people
Exactly.
Virtual money.
Acceptance, Usage in the real world.
As for now, Bitcoin is a currency substantially only within the cryptosphere
Title: Re: What is Bitcoin?
Post by: Fereyjo on June 20, 2019, 07:59:06 PM
Some consider Bitcoin to be the future currency, and I prefer to live for today and not to depend on the rate of digital currency)
Title: Re: What is Bitcoin?
Post by: Walahala 777 on July 05, 2019, 08:34:53 AM
What is Bitcoin?

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

Title: Re: What is Bitcoin?
Post by: Antony Jax on July 06, 2019, 08:36:23 AM
Really interesting! thank you
Title: Re: What is Bitcoin?
Post by: Kostyax on July 08, 2019, 01:25:13 PM
Bitcoin is just a set of characters and code records that's all
Title: Re: What is Bitcoin?
Post by: Ivette80 on July 14, 2019, 10:11:37 AM
What is Bitcoin?

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



WOW thank you!
Title: Re: What is Bitcoin?
Post by: sakalabid77 on July 15, 2019, 10:48:34 AM
bitcoin very most!
Title: Re: What is Bitcoin?
Post by: Ivette80 on July 16, 2019, 09:55:54 AM
Bitcoin is just a set of characters and code records that's all


It seems tha everyone can create a new crypto,in my idea is so complicated!
Title: Re: What is Bitcoin?
Post by: lanevsky on July 19, 2019, 12:26:27 PM
Bitcoin is one of the most powerful cryptocurrency. Due its decentralization can push traditional approaches to cash flow control to the back of the board.
Title: Re: What is Bitcoin?
Post by: SrinivasanP on July 31, 2019, 05:50:15 PM
I always watch this video everytime I forgot what bitcoin is. Nice post. Thanks!
Every new user in cryptocurrency seeking answer of the question. Thanks for uploading the video.
Title: Re: What is Bitcoin?
Post by: Chilli19 on August 05, 2019, 10:02:31 AM
 you can pay with Bitcoin in KFC!  have you seen this?
Title: Re: What is Bitcoin?
Post by: killy_93 on August 06, 2019, 01:54:07 PM
Bitcoin is one of the most powerful cryptocurrency. Due its decentralization can push traditional approaches to cash flow control to the back of the board.
That's right, Bitcoin is powerful. I strongly believe that cryptocurrencies (including Bitcoin) are our future!
Title: Re: What is Bitcoin?
Post by: smithclark124 on August 08, 2019, 07:29:27 AM
simple a money that you did't have.  :P  By the way really a great idea of Bitcoins in cryptocurrency.
Title: Re: What is Bitcoin?
Post by: Ivette80 on August 08, 2019, 09:29:30 AM
Bitcoin? The new era money.


maybe could be,the important is to buy it in the right moment!
Title: Re: What is Bitcoin?
Post by: hiepnguyen18792 on August 15, 2019, 03:10:39 AM
just trust and hold bitcoin
Title: Re: What is Bitcoin?
Post by: idena on September 07, 2019, 02:05:20 AM

Thanks.

Is there forum section dedicated to wallets?
Title: Re: What is Bitcoin?
Post by: AskGamblers on September 18, 2019, 09:53:32 AM
Bitcoin is the light at the end of the tunnel.
Title: Re: What is Bitcoin?
Post by: davidbspin on September 27, 2019, 04:34:46 AM
Thanks for the info.
Title: Re: What is Bitcoin?
Post by: Adalberto on October 01, 2019, 05:13:46 PM
good info and links, thanks for sharing
Title: Re: What is Bitcoin?
Post by: VCC_Exchange on October 04, 2019, 08:27:45 AM
I think that definition is still a little bit too simplified and may be misleading. Transferring money through blockchain may have low fees and decentralized, but for people who don't know how to code, they still have to rely on third-party with somewhat kind of fees. Am I right?
Title: Re: What is Bitcoin?
Post by: Harryhwilliam on October 07, 2019, 08:36:34 AM
What is today's BTC Predication so that I can buy on Crypto Exchange Platform?
Title: Re: What is Bitcoin?
Post by: bossmarket1 on October 10, 2019, 04:57:07 PM

Is BTC Predication Safe For Investment?
Title: Re: What is Bitcoin?
Post by: trader88 on October 11, 2019, 07:09:35 AM
Yeah great video! Has someone here bought anything from a bitcoin?
Title: Re: What is Bitcoin?
Post by: Harryhwilliam on October 15, 2019, 10:55:12 AM
Satoshi Nakamoto created this foremost cryptocurrency of  the world Bitcoin by the pseudo name  in the early 2008. He hided his identity in the time of creating this digital gold and is still mysterious. Nobody can tell you who he is. Bitcoin was used some time later from its introduction in 2009 by the crypto enthusiasts across some part of the world.
Title: Re: What is Bitcoin?
Post by: SrinivasanP on October 18, 2019, 11:58:03 AM
Bitcoin is a digital/[/size]virtual[/color][/size] currency like any currency it can be exchanged for other currencies. The easiest way to get bitcoins is just to buy them on an exchange[/color][/size]. [/color][/size]A [/color][/size]currency[/color][/size] code is generally built from the two-digit ISO 3316 country code and a third letter for the [/color][/size]currency[/color][/size]. [/color]
Title: Re: What is Bitcoin?
Post by: Bit4.Sale on October 31, 2019, 10:45:50 AM
11 years down the line since the Bitcoin whitepaper has been published! That`s pretty solid when we see how much effort has been put in into the crypto sphere and Bitcoin development itself.
Title: Re: What is Bitcoin?
Post by: seekingtrader on November 01, 2019, 06:10:25 AM
Is BTC Predication Safe For Investment?
Of course it is.
 
Title: Re: What is Bitcoin?
Post by: bitcoincleaning on November 06, 2019, 07:28:46 AM
Niche info, Bitcoin (₿) is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user
Title: Re: What is Bitcoin?
Post by: rossy0309 on November 12, 2019, 08:32:40 AM
did someone find something about satoshi nakamoto?
i mean something relevant not rumors
Title: Re: What is Bitcoin?
Post by: Jace1 on November 14, 2019, 11:20:27 AM
did someone find something about satoshi nakamoto?
i mean something relevant not rumors
no solid evidence yet
Title: Re: What is Bitcoin?
Post by: daianapotter on November 15, 2019, 06:08:35 PM
did someone find something about satoshi nakamoto?
i mean something relevant not rumors


I think we will never know who he/she really was.
Title: Re: What is Bitcoin?
Post by: filc321 on November 19, 2019, 10:05:39 PM
Bitcoin has not badly risen  all this time.
Title: Re: What is Bitcoin?
Post by: BlockchainTechnology on November 22, 2019, 11:41:21 AM
Nice post .  Thanks for sharing such a information.
Title: Re: What is Bitcoin?
Post by: update on January 03, 2020, 05:37:10 PM
in love bitcoin.
Title: Re: What is Bitcoin?
Post by: ajake11231 on January 12, 2020, 01:25:49 PM
hey, great post boss!
Title: Re: What is Bitcoin?
Post by: ijazkhan01 on January 18, 2020, 05:23:58 AM
Bit coin is a digital currency which doesn't need any banking system
Title: Re: What is Bitcoin?
Post by: kimrichard on March 04, 2020, 03:41:02 AM
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Title: Re: What is Bitcoin?
Post by: leesadaisy on March 31, 2020, 11:58:21 AM
Bitcoin is the world’s first cryptocurrency which was developed in the year 2008; it was given as a reward to the process involved in Mining. Apart from mining, the ways people tried to get Bitcoin in the earlier days was through trading on forums and Internet Relay Chat. To acquire bitcoin, many companies gives you a solution. To opt with the best crypto solution, you can seek PULSEHYIP >> https://www.pulsehyip.com/bitcoin-exchange-script
Title: Re: What is Bitcoin?
Post by: wesley3WZ on April 06, 2020, 12:36:58 AM
What I wonder is, who is a the creator of BTC ?
Title: Re: What is Bitcoin?
Post by: praxantpacific on April 11, 2020, 07:36:54 PM
Bitoin, the first cryptocurrency, is a decentralized form of digital cash that eliminates the need for traditional intermediaries like banks and governments to make financial transactions. :) :)
Title: Re: What is Bitcoin?
Post by: Goldario on April 15, 2020, 10:05:03 PM
Thanks for share the video.
Title: Re: What is Bitcoin?
Post by: Frank876 on April 21, 2020, 12:05:53 PM
Bitcoin is the most popular cryptocurrency, it is a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries. It is mostly used for online payment, electronically if there is an agreement between buyers and sellers.
Title: Re: What is Bitcoin?
Post by: bloggo on April 28, 2020, 09:55:57 AM
Bitcoin - it is the thing, which showed us that money can be used in another way.
Many years people thought, that only fiat money, oil and gold can cost something. But it's not true. Even some digital things, which you can touch and see can cost something.
Title: Re: What is Bitcoin?
Post by: ChelliSo on May 01, 2020, 07:03:12 PM
In short, Bitcoin is a virtual currency or reference to technology. You can make transactions by check, transfer, or cash. You can also use Bitcoin (or BTC), where you direct the buyer to your signature, which is a long line of security code encrypted with 16 different symbols. The buyer decodes the code with his or her smart phone to get your crypto-currency. In other words, crypto-currency is an exchange of digital information that allows you to buy or sell goods and services. The transaction acquires its security and trust by running on a peer-to-peer computer network that is similar to Skype, or BitTorrent, a file sharing system.
Title: Re: What is Bitcoin?
Post by: GGLex on May 01, 2020, 09:27:09 PM
Nice info! thanks

Sometimes I have troubles defining bitcoin to other people, this video makes things easier
Title: Re: What is Bitcoin?
Post by: NutMEX on May 06, 2020, 12:42:57 PM
It is a lifeboat for the economy during the crisis
Title: Re: What is Bitcoin?
Post by: LLL on May 09, 2020, 12:11:51 PM
Hi -- I also posted in newbies---  I have general idea of what bitcoin is but I'm having a heck of time making the purchase. Is there anyone out there that can help walk me through it? Possibly over the phone-- just some general questions as to where to locate the symbols we want to buy, etc.  Thanks in advance for your consideration.
Title: Re: What is Bitcoin?
Post by: Dan_D on May 15, 2020, 07:16:11 AM
Thanks for valuable info!
Title: Re: What is Bitcoin?
Post by: Shital on May 15, 2020, 09:36:37 AM
Bitcoin was invented by someone using the name Satoshi Nakamoto. It is a digital and global money system currency which allows people to send/receive money across the internet, even to someone they don't know. Money can be exchanged without being linked to a real identity.
Title: Re: What is Bitcoin?
Post by: Johnkite on May 26, 2020, 06:57:35 AM

In the field of blockchain, people usually misunderstand and confuse between terms like bitcoin and blockchain. Even though both are related to each other, there is a huge difference between their roles. The vast majority of people who know about blockchains, from around the world think that both words are the same, but, as a matter of fact, one is a complementary factor to another. The term bitcoin came from the bitcoin blockchain. There are a lot of misconceptions among people about how cryptocurrency is related to the blockchain.
The word bitcoin was first introduced in the world of blockchain by an anonymous person called Satoshi Nakamoto, whose origins still remain unknown.  The term bitcoin was penned for the world's first-ever blockchain called “Bitcoin” blockchain in which Nakomoto introduced the world’s first decentralized cryptocurrency also named the same. Now the first blockchain was invented and named as bitcoin, the bitcoin cryptocurrency was running smoothly on the bitcoin blockchain. The whole world got interested in the newly arrived cryptocurrency and all started to buy it.As the demand is directly proportional to the price the wide demand for the first cryptocurrency got purged and it reached its peak. The price purge of the bitcoin was a tremendous surprise for the entire world. It also attracted investors around the globe to make a big-time investment.At that time when everyone was so busy buying bitcoin, another blockchain got introduced to the market called Ethereum. The ethereum was more advanced than the bitcoin blockchain in terms of software development. It introduced a feature called “smart contract” which was a viable source for the entire software development field.After the arrival of many more blockchain, the confusion between blockchain and bitcoin also rose. Many people around the globe began to interpret that the blockchain and the bitcoin are the same.
Reference : Blockchain EXPERT Blogs
Title: Re: What is Bitcoin?
Post by: farelbaru33 on June 11, 2020, 08:17:40 AM
Bitcoin is a currency that has a lot of interest, I'm very interested in talking about bitcoin, thank you for being reminded about bitcoin.
Title: Re: What is Bitcoin?
Post by: ZenQual on June 24, 2020, 11:17:38 PM
Bitcoin is a currency that has a lot of interest, I'm very interested in talking about bitcoin, thank you for being reminded about bitcoin.
This is undoubtedly the case, especially the charts as it fluctuates today is a good reminder to me.
Title: Re: What is Bitcoin?
Post by: mlawson71 on June 29, 2020, 04:55:33 PM
Even banks are getting in on the action now (https://deposit-withdraw.com/bitcoin-trading-service-launched-by-italian-bank-mid-quarantine/), regarding cryptocurrency trading. It really is quite impressive.
Title: Re: What is Bitcoin?
Post by: cheapshop on June 30, 2020, 10:55:54 PM
nice . i like this video
Title: Re: What is Bitcoin?
Post by: Davidson1987 on July 03, 2020, 10:22:49 AM
Thank you for the info
Title: Re: What is Bitcoin?
Post by: katrinkunze on August 11, 2020, 07:09:44 AM
bitcoin is a no 1 cryptocurrency. it can be widely used in different types of industry it can be tranfer with a secured blockchain wallet

thanks https://blog.blockchainfirm.io/blockchain-bitcoin-wallet-development/
Title: Re: What is Bitcoin?
Post by: tyuk on August 11, 2020, 09:01:24 AM
Bitcoin is the most powerful and expensive cryptocurrency in the world.
Title: Re: What is Bitcoin?
Post by: boom79M on August 26, 2020, 12:42:54 PM
Thanks for great information!  :)
Title: Re: What is Bitcoin?
Post by: boom79M on August 26, 2020, 01:09:54 PM
Nice video, very good for learning about Bitcoin
Title: Re: What is Bitcoin?
Post by: Tiffany on September 03, 2020, 08:37:35 AM
Title: Re: What is Bitcoin?
Post by: Selina Mary on September 07, 2020, 07:01:01 AM
What is Bitcoin?

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



Bitcoin is a digital currency.
Title: Re: What is Bitcoin?
Post by: JessicaBosworth on September 16, 2020, 12:48:46 PM
Wikipedia, of course, is correctly written, but over the past couple of years, bitcoin has become very popular both as a means of trade and a means of payment.
Title: Re: What is Bitcoin?
Post by: mzk23 on September 21, 2020, 05:59:39 PM
It's a nice video, but IMHO it needs a little update.
Title: Re: What is Bitcoin?
Post by: 24ATM on September 22, 2020, 12:17:10 PM
this is already known to almost everyone, since bitcoin is becoming the world currency
Title: Re: What is Bitcoin?
Post by: gabrielm on October 07, 2020, 04:25:54 AM
Hello everyone, here I have just registered in the forum and I have found it incredible in terms of bitcoin, it seems to me today is the best way to invest our money with great possibilities of doubling our money in the future, for example it fascinates me this way of investing and whenever I can I am in constant investment
Title: Re: What is Bitcoin?
Post by: My24pay on November 16, 2020, 09:02:12 PM
Bitcoin is the king of cryptocurrency)
Title: Re: What is Bitcoin?
Post by: Wit-Ku on November 25, 2020, 09:21:43 AM
Bitcoin is a digital currency that you can use to buy, place orders online, send money to anyone you want anywhere in the world, or even consider it as an investment.
Title: Re: What is Bitcoin?
Post by: ScottyP on December 05, 2020, 03:26:47 PM
Thank you a lot for sharing this info!
Title: Re: What is Bitcoin?
Post by: mlawson71 on December 06, 2020, 03:55:57 PM
I think by now everyone here know what BTC is.I just wonder how it will develop from now on.
Title: Re: What is Bitcoin?
Post by: Aristar on December 07, 2020, 08:28:33 AM
Hello! I know what bitcoin is, and I understand that it has been growing in price very much lately. I decided to try bitcoin futures trading and I am very good at it. I read about this last month and got interested. If you are interested in this too, I advise navigate here (https://www.warrington-worldwide.co.uk/2020/10/01/betting-on-bitcoin-futures-instead-of-bitcoin-increase-your-profits-while-contributing-to-industry-growth/). Good luck!
Title: Re: What is Bitcoin?
Post by: AnaBC on December 09, 2020, 03:32:55 PM
It's exactly the type of video you can show to a parent if they have questions about the big-bad-wolf that is Bitcoin and blockchain technology. Very easy to understand!
Title: Re: What is Bitcoin?
Post by: MerraN on January 07, 2021, 07:55:11 AM
Hi everyone. I am a new member in this area and I have started my work as a journalist... I'd like to know this industry better and I would love to start writing articles about the whole Crypto world. Hope I could use your help there if necessary. Thanks to you all.
Title: Re: What is Bitcoin?
Post by: johnnathanexo on January 11, 2021, 10:38:22 AM
ExoCrow is a digital currency where merchants and consumers can transact with new digital currencies like bitcoin. 
Title: Re: What is Bitcoin?
Post by: CameronAlsop on January 14, 2021, 10:54:58 AM
THank for explaining this in a video, it is much easier to understand
Title: Re: What is Bitcoin?
Post by: lovelydaytoday on January 18, 2021, 03:15:57 PM
thanks so much for explaining this. Appreciate the effort.
Title: Re: What is Bitcoin?
Post by: FXOpen Trader on January 19, 2021, 05:59:24 AM
yes this is a Nice and Informative definition about the Bitcoin
Title: Re: What is Bitcoin?
Post by: WanSko on January 20, 2021, 04:16:06 PM
To make it clear to you, bitcoin is a cryptocurrency, and cryptocurrency is virtual money, I personally believe that in 6 years they will all use it. Which requires a web wallet https://stellar-wallet.org/ (https://stellar-wallet.org/) to store. Personally, I earn money by selling cryptocurrency .
Title: Re: What is Bitcoin?
Post by: ismcapitals on January 24, 2021, 11:29:05 AM
Yes bro you are right
Title: Re: What is Bitcoin?
Post by: Wanjoina on February 02, 2021, 10:07:39 PM
Bitcoin is first digital cryptocurrency
Title: Re: What is Bitcoin?
Post by: FutureICO on February 19, 2021, 08:00:23 PM
In short, Bitcoin is a type of cryptocurrency that has no physical existence, 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 called Mining. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity.

Basically, it’s a technological innovation and it’s time to move in it. Back in 2015, I learned about it from online social media then I went through an article in Shysatoshi, a Crypto currency blog for crypto (http://www.shysatoshi.com/) lovers and I started investing in it. I can tell you that it has helped me a lot.
Title: Re: What is Bitcoin?
Post by: Blockchain Advisors on March 03, 2021, 03:38:06 PM
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 sharing. I will share it to others too so that they can easily understand what Bitcoin is