Bitcoin Forum

I read a number of articles and even read several forums discussing what bitcoin is.

I made this post because many of my friends don't understand what bitcoin really is, and I made this thread to be my Boomark to be read by my friends.

Discussions about Bitcoin are very much discussed on each site if we look for it on "google.com".
But each site certainly has a different view of each site visited, such as:

• On the wikipedia (https://en.wikipedia.org/wiki/Bitcoin) site I read that bitcoin was discovered in 2009 they said that Cryptocurrency was a form of electronic money and bitcoin was made by a group of people whose identities were unknown.
• While the blockgeeks (https://blockgeeks.com/guides/what-is-bitcoin/) site said that bitcoin was discovered in 2008 they said Occupy Wall Street accused large banks of abusing borrower's money.
• While on the weusecoin (https://www.weusecoins.com/) site said that Bitcoin was published in 2009 and Satoshi Nakamoto made a statement that he had left the project in 2010, but now Bitcoin has mushroomed in all countries.

In this forum, many have different views about what is bitcoin?

Of the few quotes I read, many were different and had their own views.
However, it is necessary to do your own research according to the criteria of each, so that there is not much wrong in making the meaning of Bitcoin.
Hopefully this will be a reading discourse for my friends.

Quoting from a number of sources that I took, there were people who made quotes that did not match the results of their research from the original, I found some findings, including the inventor of the "Year" of Bitcoin, and the debate about "assets", they assumed that bitcoin was an asset , and some say "not assets".
This is where we recognize the beginning of the emergence of Bitcoin, so my friends don't misinterpret.

Bitcoin was definitely satoshi nakatomo's creation,there are many discoveries into his identity,but no one clearly points to a fact about who exactly he is,so no one actually knows that

I honesty feel bitcoin is both an asset;something of high value,that could be stored for a period of time and sold off to maximize profits
It's also a currency,a medium of exchange and can be used to facilitate transactions in most parts of the world

Glad you can give an answer for that.
First of all we need to review bitcoin, many also misunderstand what bitcoin is, actually bitcoin is an asset, of course it is very high and allows everything that has been running so far, but many do not understand the use of bitcoin.
My friends think that bitcoin is not a productive job but my friends say it's not true, but the fact that bitcoin is an advantage that can meet daily needs.

Most of the people hate bitcoin till now and they criticise it because of its volatile nature as people are happy when the valuation of bitcoin is high but the bitcoin is of volatile nature so it’s va keep on flactuation with market demand and supply so when it deflates people started calling it a scam or a bubble that would burst soon but people should keep in mind that bitcoin a decade ago was completely unknown but after facing so many obstacles and hurdles in life bitcoin is now on the top of crypto ranking and now is the most sustainable investment.

i don't see any different views here! they are  discussing different subjects mostly. for example Wikipedia has almost everything about bitcoin while the other links only include a short summary to the article they wrote going.
and "what bitcoin is" has nothing to do with what year it was started and who created it and why.

A story that has twists and turns and this certainly makes many people think differently, the pros and cons are always there. Even today there are still many who cannot accept bitcoin, but that doesn't make the development of bitcoin shrink. Precisely the development of bitcoin is expanding even though Satoshi left it.

I remember the story of bitcoin is not so popular before but now its now welknown because of the price so expensive in 2019.Bitcoin came from nothing and now its the big issue now of the low price at market.

In my opinion the Central Bank of Israel is right and bitcoin is an asset, not a currency. Today the transaction fees is too high and the time of transactions is too big to say about bitcoin as a currency. Volatility of bitcoin price is also not good for currency purposes. Maybe in the future the everything will change. We will see.

Bitcoin does provide added value in the financial future, this will make bitcoin able to grow especially this bitcoin without the third person in managing it so that holders can freely dispose of or save it. The story of Bitcoin is indeed full of challenges so that it is currently able to beat the world of finance.

Different people, organization and countries have different perception about bitcoin. From my studies and understanding bitcoin is an asset and also a currency. According to dictionary an asset is a useful and valuable thing that can be use to meet debt or commitment while currency is a system of money generally use in a country. From this definition bitcoin fit into the two categories accurately.

In my opinion only wikipedia has full information including the history of formation, the operation, and other sites only the definition of bitcoin

There are loads of books and websites with resources on the origin of Bitcoin, but Satoshi Nakamoto's own writings tells the true story. You can find a lot of information here, https://satoshi.nakamotoinstitute.org/  ;)

This includes links to his emails and forum posts and also his PGP-key and most important of all, the original Bitcoin whitepaper. I would rather go to the resources that Satoshi wrote and not some information that was randomly posted by the general public.  ::)

I included having a very encouraging story when bitcoin was at the end of 2017, along with giving bounty prizes from Minexcoin.
I am very happy because I got a very good price. and it hasn't been repeated until now, when is there a good story again?

Whatever it is clearly that bitcoin is a mix of an asset and a currency. Why? Because bitcoin has already establish as a means of exchange like the fiat currency did though only few are doing this and it has not been created a demand lately that is why market price is cheaper compared to the last few months of its existence. Hopefully they can see bitcoin like a stock market exchange where it will be legalized and will undergone regulations to avoid any control of the market.

Ofcourse yes, people need only the information of Bitcoin like how it works and what are the advantages of using it also how it made people to believe in this as well as it surpassed the difficulties, no need to create a topic like the founder and all. A lot of articles has come regarding this. Worth information will always benefit to everyone.

It is hard to believe that this technology was almost 10 years ago, and only 2-3 years ago it became so popular. I think this is only the beginning of the journey for Bitcoin. And Bitcoin’s future is the most optimistic  :)

Everything posted by the OP is actually correct.
The bitcoin whitepaper was released on the 31st of October 2008 and
the first block was mined "the Genesis block" on January the 3rd 2009.
The fact that Wikipedia mentions a group of people is speculation
because as has been thrashed out on this forum and im sure elsewhere
the identity of Satoshi is unknown, it could be either a man, woman, both
or a multiple of people.

Bitcoin is being used in different ways and it us looked upon as diferent
things to different people and governments around the world.

The issue should not be what bitcoin is but people should appreciate the philosophy of bitcoin and in so doing, people can appreciate  the beauty of bitcoin and not  just the talk about  the statistics and all that on bitcoin.

bitcoin to many people means different things.  To me, it is a safe haven for value preservation and capital enhancement for the long term benefits.

We have so many opinions about what is bitcoin. But we all agree that bitcoin is a new way to help us to make money and we now have a new type of investment. This bitcoin will change the economy of the country if the government apply the cryptocurrency and I think that will happen in the future after the government realize about the benefits of bitcoin and cryptocurrency for their economic.

What we see at the present time is not necessarily the same. But I am convinced one thing about Bicoin's value growth and keeping it is absolutely right no matter how influential it is. Recent events have not made me intend to sell them.

Bitcoin was first released to the public in January 2009 made by Satoshi Nakamoto with the title of his scientific work "Bitcoin: Peer-to-Peer Electronic Electronic System". In general, Bitcoin can be considered similar to gold in terms of its characteristics. The number is limited and many are interested. An estimated 5 characteristics of Bitcoin that you should know, like the following:
There is no physical alias
The number is limited, only 21 million BTC and will not increase.
Can be solved to a smaller nominal, like 0.001 Bitcoin.
Bitcoin is stable and will not improve degradation
It's hard to make Bitcoin fake thanks to the Blockchain system.
Can be transferred where only through the virtual path.
Many people think that Bitcoin is a very confusing thing, even though Bitcoin is something that can be easily understood.

January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. In 2009, the price of bitcoin is only 0.08 dollars comparing to it's price today, we can say that the path of bitcoin in our world industry is unbelievable.

Remember with bitcoin history make me cry, why not when I got payment about 0.3 btc and got payment with 0.5 btc from investing project with bitcoin value still under $300, look how much I can get now if keep holding my withdrawal assets and bitcoin price raise to $8k and more with fantastic higher of bitcoin.

Satoshi Nakamoto created bitcoin in early 2009, after its released, the said developer or founder of bitcoin disappeared without anyone knowing his true identity. Many people have claimed that they are Satoshi Nakamoto to earn popularity and attention, but set aside that, Since bitcoin was created with a limited number of supply, its demand increases as the time goes by, many people joining the community and starting to adopt the use of digital money. As you have mentioned, it is actually for everyone's benefit that bitcoin cannot be made a copy or fake it since it is digital.

I saw with the first option, Bitcoin was made in 2009 with a group of unknown people and they were nicknamed Satoshi Nakamoto. Maybe other article makers only take a few conclusions from the story and they just want to compete to make this article, that all stories are almost the same from various articles on Google search.

Bitcoin was found by Satoshi Nakamoto whom we don't have any idea about his real identity, whether it is a group or not, nor if he's a guy or a girl. Bitcoin can be an asset or a currency depending on how an individual perceive bitcoin.
As for me, before I don't really have an idea nor understand what bitcoin is. It's function and such. But after reading different threads here in this forum for days and also researching online, it made a clear understanding for me of what bitcoin is. We may have different perception about bitcoin at some point but we all know what bitcoin can bring to us.

It was done in 2008 but entered public use in 2009 with that famous Jan 3 block that has the news paper headline of the day. And Satoshi disappeared about a year later, so they are all correct. You are in Satoshi's forum and you can read his/her/their messages by yourself.

Some governments and institutions consider bitcoin an asset because its so different to their concept of money (fiat). In reality it is currency of a different type, not identical to traditional fiat, but not mere asset either.

Of course, if you minted gold coins in your country (again), you could have the argument. Coin or asset? Sometimes hyperinflation destroys the monetary value of (physical) coins, and before they disappear their cost in metal becomes more worth than their printed monetary value, so they are bought en mass and melt for resale (often illegally, but you can't stop the market). So there is one example of a currency becoming asset.

Often there simply isn't any adequate legislation. If you think its an asset, you are missing the whole point, or deluding yourself. But as a politician, it make make more sense that way. Because of the nature of bitcoin, the "asset" concept seems to have merit, but this is only true in the beginning. The more time it passes, the less asset it is. Of course, being deflationary, it will always be a way to preserve value, as opposed to fiat losing it every year on purpose by those that control it.

Thankfully, no one controls bitcoin, and anything politicians decide in reality changes nothing of Bitcoin, its code is written and executing as intended.