What is Bitcoin?

[BIT-Sharon]

What is Bitcoin? Essentially, like HTTP or Bittorrent, it is a protocol based on Internet and an invention of genius, which makes unthinkable things possible.
In real life, it is said to be a government-free utopia, and also a big revolution in human history of economy; besides, it is regarded as the technological creation of genius and an open-source software with many defections; furthermore, it is used to be a tool of investment or speculation, and be regarded as the untouchable rat poison as well.
Due to different background and views of problem, each one has different understanding of Bitcoin. Gates said it was a technological work, while Munger said it was an untouchable rat poison. In some way, what they speak about can be justified. My only hope is that everyone won’t say Bitcoin a fraud. Don’t you think it illiterate to say so?

[MoonWhale]

Bitcoin is like a riddle wrapped in a puzzle inside an enigma. It is the sound of a tree falling in a forest where there is nobody to hear it fall. It is like an oroborous which forever eats its own tail. It is either a chicken or an egg, whichever came first. Bitcoin is that which is and that which is not. Or is it?