|
Title: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: expertinfo888 on June 28, 2018, 01:26:28 AM I have had trouble finding a way to explain to others what bitcoin is in an easy-to-understand, straightforward way that really encompasses all of what bitcoin is not just parts of it.
Perhaps it really can't be explained in a short, simple way that incorporates everything that bitcoin is, but I am hoping someone here might be articulate enough to do so. I'd really love to have one sentence that is able to do this. Hope you can provide it! Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: odolvlobo on June 28, 2018, 01:54:03 AM Bitcoin is a world-wide internet-based censorship-resistant payment system that has its own currency.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: xhomerx10 on June 28, 2018, 01:57:28 AM I have had trouble finding a way to explain to others what bitcoin is in an easy-to-understand, straightforward way that really encompasses all of what bitcoin is not just parts of it. Perhaps it really can't be explained in a short, simple way that incorporates everything that bitcoin is, but I am hoping someone here might be articulate enough to do so. I'd really love to have one sentence that is able to do this. Hope you can provide it! I remember this question before but it was a competition with a prize of 1 Bitcoin! Here it is - https://bitcointalk.org/index.php?topic=1261106.0 Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: gurang on June 28, 2018, 02:01:19 AM I have had trouble finding a way to explain to others what bitcoin is in an easy-to-understand, straightforward way that really encompasses all of what bitcoin is not just parts of it. Perhaps it really can't be explained in a short, simple way that incorporates everything that bitcoin is, but I am hoping someone here might be articulate enough to do so. I'd really love to have one sentence that is able to do this. Hope you can provide it! bitcoin is not money but you can help it financially and it also helps you if you earn money Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: Danniesac on June 28, 2018, 02:07:28 AM Bitcoin is digital money without a centralized control.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: cryptofeel on June 28, 2018, 02:11:33 AM O sure. Bitcoin is a revolution that seeks to breakdown the monopolistic tendencies of the traditional financial methods and rigid monetary possibilities.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: kangen riko on June 28, 2018, 02:16:05 AM Bitcoin is digital money that can help you solve all the problems on the online payment system quickly.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: BagzMM on June 28, 2018, 02:56:08 AM Bitcoin is a decentralized cryto currency with a peer to peer online transactions and it operates independently from the central banks.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: franky1 on June 28, 2018, 03:09:37 AM without using the buzzword jargon that requires more explanation. or comparisons to cash which involves metal coins or paper bank note misconceptions..
bitcoin is a electronic cheque currency system fully validated and chain locked into blocks of transactions by random people using specialised computers around the world why do i use these words cheque:- unlike bank notes or coins. bitcoin is about transactions with a destination, amount and signature. just like a cheque chainlocked into blocks of transactions:- better than waffling about blockledgers, hashes and immutability. it explains where the term blockchain derives from random people:- no point waffling about decentralised and not bank institutional control specialised computers:- standard computers are not enough. and waffling about asics just ends up with more questions Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: kastara on June 28, 2018, 03:27:15 AM Bitcoin is a digital currency that can be traded through cryptocurrency and how to get my point directly to how to get the bitcoin, so I think that explains to people who want to know bitcoin.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: CoinsGazer on June 28, 2018, 03:38:41 AM Bitcoin is good.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: seoincorporation on June 28, 2018, 05:17:56 PM Ummm. nice one!!
"Bitcoin is the most important coin from a decentralized-technology called Blockchain, based on the trust of the many instead on the power of a few" Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: CryptoDamon on June 28, 2018, 06:18:29 PM Bitcoin is a digital currency for those people who doesn't want to be enslaved by the centralized system.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: jak3 on June 28, 2018, 07:00:29 PM Bitcoin is the First Decentralized Currency for the internet and one single bitcoin is worth thousands of dollars.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: Jet Cash on June 28, 2018, 07:25:49 PM I don't think the winning entry in that contest was accurate.
btw - a cheque is a bill of exchange, and Bitcoin isn't a bill of exchange imho. Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: Christinebeauty on June 28, 2018, 07:26:43 PM Bitcoin is a digital decentralized currency built on the blockchain technology
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: Flynn247 on June 28, 2018, 10:11:04 PM A DIGITAL CURRENCY THAT HAS BEEN USED TO BUYING & SELLING PRODUCT.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: BTC-BTC-BTC on June 28, 2018, 10:23:14 PM 1 Bitcoin is equals to 3.45 oz of Gold at the moment.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: partypeoplegames on June 28, 2018, 10:25:09 PM Bitcoin is a preview of what all currency will likely become.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: xhomerx10 on June 28, 2018, 10:28:36 PM Should we be rating these answers? Some of them are not very accurate.
Title: Re: Challenge: Can You Summarize Bitcoin in One Sentence? Post by: expertinfo888 on June 29, 2018, 01:11:57 AM Should we be rating these answers? Some of them are not very accurate. Yes, please point out any inaccuracies. |