Bitcoin Forum

Hello Friends,


Can you please tell me something about Bitcoin ? want is Bitcoin and how it works?

Thanks in advance !!



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https://freebitcoinforum.com/

No better and accurate explanation than this. You should give this whitepaper a read.
https://bitcoin.org/bitcoin.pdf

Thank you so much BiTJack :)

Explained in the simplest way, bitcoin is revolutionary idea how to bring financial freedom and power back to the people.
Bitcoin is virtual currency, without central bank or regulation, and our future.
You are at the right time in the right place man :)
Enjoy the ride!

After reading about bitcoin in the news and on other message boards for a few years, I finally learned what it was not too long ago! As you do more research and learn more, you will become excited about this revolutionary idea. It's the concept that is most exciting in my opinion. A currency without a central bank is exactly what we need. No society can be free under fiat currency because that requires a central bank which has power over people. Enjoy!

https://www.youtube.com/watch?v=Um63OQz3bjo

http://www.huffingtonpost.ca/2014/01/26/what-is-bitcoin_n_4661604.html

So you seriously didn't see the sticked thread ? :o https://bitcointalk.org/index.php?topic=7269.0

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by lots of people running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing category of money known as cryptocurrency.

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Bitcoins are the equivalent of Internet cash. You can send Bitcoins over the Internet directly to anyone with no middle man. Like cash, Bitcoin transactions are irreversible. Bitcoins are traded worldwide.

Bitcoin transaction can be reversed if a person controls over 51% of the network and they can easily reverse the transaction even with 6 confirmations.

You can read the FAQ here
https://bitcoin.org/en/faq

If you don't like reading text, you can watch the following Khan Academy videos.
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it

And the 96 minutes long documentary http://www.youtube.com/watch?v=jpPQeeqhF3w

there is a lot of cool videos on youtube  :)
just write "what is bitcoin?"

To make it simpler, Bitcoin is like a bookkeeping system. The book is the blockchain. The coins are in the accounts, whether you have a computer or not. You need a computer program only to send coins.

just watch the documentary movie the rise and rise of bitcoin there's all information you need.
 https://youtube.com/watch?v=jpPQeeqhF3w