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Author Topic: For beginners just a defination of what is bitcoin.  (Read 785 times)
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November 21, 2015, 02:04:59 PM
 #1

BitCoin used in the online world is a new Exchange type Casino chips. BitCoin who spent money in real life, advantages or could be exchanged. BitCoin as a currency using the Internet to purchase goods and services. BitCoin system with very high security. This is a financial transaction creates confidence in the lane – We change a BitCoin or real money through BitCoin dealer, and many other MtGox exchanging real money for. No organization of any monetary value of BitCoin 1 BTC statistics maximum and less than us $ 1 to us $ 30. The total value of BitCoin just 21 million remain confined to BTC.
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November 21, 2015, 02:16:28 PM
 #2

Are these your explanations for beginners? If so, then they aren't that good. Bitcoin is definitely not a "new exchange type casino chips". Bitcoin is so much that it is quite hard to correctly describe it in a few words. There are a lot of great videos on youtube for newbies that are both short and non technical.

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November 21, 2015, 02:23:37 PM
 #3

Good effort but a bit way off the mark.

Have to agree with Lauda, if you are not that familiar with bitcoin then rather find a couple of good youtube videos and post a short summary and link for each.
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November 21, 2015, 05:03:27 PM
 #4

BitCoin used in the online world is a new Exchange type Casino chips. BitCoin who spent money in real life, advantages or could be exchanged. BitCoin as a currency using the Internet to purchase goods and services. BitCoin system with very high security. This is a financial transaction creates confidence in the lane – We change a BitCoin or real money through BitCoin dealer, and many other MtGox exchanging real money for. No organization of any monetary value of BitCoin 1 BTC statistics maximum and less than us $ 1 to us $ 30. The total value of BitCoin just 21 million remain confined to BTC.
To explain bitcoin for beginner with 'casino chips' scenario it's become harder to understand. Even for me.

I think the easiest way is to give some bitcoin to other, and then they can feel the benefit of using bitcoin rather than fiat.
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November 21, 2015, 05:15:54 PM
 #5

Bitcoin is a digital currency.
I like Bitcoin because is decentralized,anonymous and free.

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November 22, 2015, 09:34:17 AM
 #6

bitcoin is simply a decentralized money, no authority behind it that control it, this is everything you need to know
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November 22, 2015, 10:02:21 AM
 #7

Bitcoin is a digital currency.
I like Bitcoin because is decentralized,anonymous and free.

It is decentralized. It is not completely anonymous, but more semi anonymous! It's more anonymous than bank account but definitely less anonymous than cash.

It is also not free. It cost money to hold the whole Bitcoin network operational and secure! It also cost money to send transactions, not too much granted but it still does cost something!
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November 22, 2015, 06:13:02 PM
 #8

Bitcoin is an electronic coin used as currency for adquiring many goods
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November 22, 2015, 06:45:31 PM
 #9

I don't think that definition will help beginners. IMO that will just confuse them, you should make it more simple. Personally when I introduce bitcoin to someone, I always say first that it is a computer money Grin That's the simplest way I can tell to a beginner Cheesy

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November 23, 2015, 05:34:36 AM
 #10

BitCoin used in the online world is a new Exchange type Casino chips.

Yeah, because we want people new to bitcoin to think that these are "casino chips"...

What a really, really bad explanation of bitcoin, let alone very awkwardly written. By the way, it's spelled "definition", not "defination".

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November 23, 2015, 05:46:29 AM
 #11

just google what is bitcoin! You could find many materials or video to read or watch for you to easily understand it.
I got one for you http://coinour.com/index.php/2015/10/26/what-is-bitcoin/ 

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November 23, 2015, 02:05:31 PM
 #12

Mentioning MtGox in any bitcoin related topic is not really good idea when you are explaining bitcoin idea to a newbie. Definition of bitcoin may vary and it can be described as:
internet of money, cryptocurrency, digital commodity, payment method and more. For easy access to good tutorials and info I recommend www.bitcoin.org
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November 23, 2015, 10:12:01 PM
 #13

I've got a better definition for you:

Bitcoin is magic internet money!

OK, all joking aside... OP, you might want to actually learn about Bitcoin before trying to define it for others.  That mishmash of words thrown together in your post... yikes.

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