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Author Topic: What is Bitcoin?  (Read 1051937 times)

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Offline bitcoinforum.comTopic starter

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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
Latest stable Electrum version


Offline cryptocrazy247

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Re: What is Bitcoin?
« Reply #180 on: December 02, 2018, 06:28:41 AM »
well said  :) :)
cryptocrazy247

Offline Tatyana

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Re: What is Bitcoin?
« Reply #181 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.

Offline blockminded

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Re: What is Bitcoin?
« Reply #182 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.

 

Offline kavyasahu

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Re: What is Bitcoin?
« Reply #183 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.
kavya sahu

Offline michaellyamm

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Re: What is Bitcoin?
« Reply #184 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.

Offline tonywiseman

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Re: What is Bitcoin?
« Reply #185 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

Offline Norman

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Re: What is Bitcoin?
« Reply #186 on: February 18, 2019, 02:50:25 PM »
Bitcoin is new money.



Offline anyything

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Re: What is Bitcoin?
« Reply #189 on: March 19, 2019, 09:11:20 AM »
thanku. this information had been useful for me :) :) ;) :D ;D

Offline TradeForexcopier

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Re: What is Bitcoin?
« Reply #190 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

Offline popeye

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Re: What is Bitcoin?
« Reply #191 on: March 21, 2019, 10:12:48 PM »
new generation of decentralized digital currency, created and working only on the Internet))

Offline tepu

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Re: What is Bitcoin?
« Reply #192 on: March 22, 2019, 09:50:46 PM »
This thread is great, there are so many good information here.
Good job!

Offline maks-ivanov89

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Re: What is Bitcoin?
« Reply #193 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?
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Offline enzio23

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Re: What is Bitcoin?
« Reply #194 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


 

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