Bitcoin Forum
December 07, 2016, 02:45:14 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 »  All
  Print  
Author Topic: Bitcoin in 15 Words for Laymen  (Read 14715 times)
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 26, 2010, 03:37:51 PM
 #1

I challenge the forum to come up with the easiest to understand explanation of bitcoin in 15 words for Joe Sixpack!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481121914
Hero Member
*
Offline Offline

Posts: 1481121914

View Profile Personal Message (Offline)

Ignore
1481121914
Reply with quote  #2

1481121914
Report to moderator
Bitquux
Member
**
Offline Offline

Activity: 117



View Profile
October 26, 2010, 03:59:09 PM
 #2


Bitcoin is a secure, anonymous, digital, cash-like currency using an Internet-based transfer system.


The more suggestions, the better here. Don't be shy. Spit out anything you can think of.
hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
October 26, 2010, 05:29:45 PM
 #3


Bitcoin is a secure, anonymous, digital, cash-like currency using an Internet-based transfer system.


The more suggestions, the better here. Don't be shy. Spit out anything you can think of.


+ decentralized
Bitquux
Member
**
Offline Offline

Activity: 117



View Profile
October 26, 2010, 05:37:05 PM
 #4

+ decentralized

Good call. Hmm...
grondilu
Legendary
*
Offline Offline

Activity: 1134


View Profile
October 26, 2010, 06:02:26 PM
 #5

Here are mines.  You can give bitcoins to the one you like :

Bitcoin is a measure unit for a decentralized electronic commodity, whose amount is limited cryptographically.  15 words.
1Ag2MvYKev55EynQGcsXkSohK495m5HAye

Bitcoin is worthless, but at least nobody can steal it.  And this is priceless.  14 words.
1AD89UiiCsdkAhq1BykBvGKfqQzmhmhvrT

After the barbareous relic, here comes bitcoin :  the cypherpunk money.  11 words.
13H4iob9os2W72zwMrXhhVs9X6cmWmn71y

Bitcoin is an electronic commodity, suitable for use as a currency.  11 words.
1Ap31HrGEdxAYYSB3Hf23dM31CpvyqtoRm

Bitcoin is to information technology what gold is to economy.  10 words.
1HRvEsQKdkw2Nk59fVpH2GyoDvseQu7TRa

Bitcoin is a fully decentralized cryptocurrency.  6 words.
1Gii4FT42y65VLBwCy8kknEn6WxdA6y52F
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 26, 2010, 06:15:49 PM
 #6

Bitcoin is a measure unit for a decentralized electronic commodity, whose total amount is limited by cryptographic concepts such as the "proof-of-work", instead of trust in a third party.


I think you exceeded the 15 words limit.

grondilu
Legendary
*
Offline Offline

Activity: 1134


View Profile
October 26, 2010, 06:25:57 PM
 #7

Bitcoin is a measure unit for a decentralized electronic commodity, whose total amount is limited by cryptographic concepts such as the "proof-of-work", instead of trust in a third party.


I think you exceeded the 15 words limit.

that was a first draft.  I edited it.
Drifter
Sr. Member
****
Offline Offline

Activity: 367


View Profile
October 26, 2010, 06:40:46 PM
 #8

Bitcoin is a measurable, decentralized digital commodity, used for p2p transfers, trading and electronic purchases



Used some of the examples already given above to help.

davout
Legendary
*
Offline Offline

Activity: 1358


1davout


View Profile WWW
October 26, 2010, 06:47:21 PM
 #9

"Bitcoin = cash, no IRS"

4 words Cheesy

kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 26, 2010, 06:57:21 PM
 #10

Guys, try not to use words that the average Six Joepack may not understand.

Like this:

Bitcoin is a digital commodity that can be used for commerce and bartering.

hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
October 26, 2010, 08:04:12 PM
 #11

"Bitcoin = cash, no IRS"

4 words Cheesy

My vote goes for this.
Anonymous
Guest

October 26, 2010, 10:42:56 PM
 #12

Bitcoin=Porn Privacy


 Cheesy
Gavin Andresen
Legendary
*
Offline Offline

Activity: 1652


Chief Scientist


View Profile WWW
October 27, 2010, 02:21:30 PM
 #13

I like the Bitcoin = ... ideas.   Focus on the WHY, not the what or the how:
   http://www.ted.com/talks/view/id/848

How often do you get the chance to work on a potentially world-changing project?
matonis
Sr. Member
****
Offline Offline

Activity: 301



View Profile WWW
October 27, 2010, 04:03:16 PM
 #14

Bitcoin is to legal tender as torrents are to copyrights!

Founding Director, Bitcoin Foundation
I also cover the bitcoin economy for Forbes, American Banker, PaymentsSource, and CoinDesk.
TTBit
Legendary
*
Offline Offline

Activity: 1136


View Profile
October 27, 2010, 04:53:55 PM
 #15

Could someone explain the US dollar in 15 words or less to me?

good judgment comes from experience, and experience comes from bad judgment
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
October 27, 2010, 04:56:10 PM
 #16

Could someone explain the US dollar in 15 words or less to me?

The dollar is a warehouse receipt for gold. The gold is gone, sorry about that.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Bitquux
Member
**
Offline Offline

Activity: 117



View Profile
October 27, 2010, 05:02:00 PM
 #17

The dollar is a warehouse receipt for gold. The gold is gone, sorry about that.

Love it!  Grin
Drifter
Sr. Member
****
Offline Offline

Activity: 367


View Profile
October 27, 2010, 05:58:38 PM
 #18

Bitcoin: Absolute privacy and security in the form of financial transactions

Bitcoin: Generating privacy a coin at a time

Bitcoin believes in giving you financial power where a bank strips those freedoms away

Bitcoin. Because our financial security shouldn't rely on a third party, online or off

S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 27, 2010, 08:23:38 PM
 #19

(Conquer the crash with) Bitcoin: The highest level of financial security to preserve your wealth.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 27, 2010, 08:53:28 PM
 #20

You guys are awesome. I think the next step is to offer a prize of some kind for the best bitcoin phrase that accomplish the goal of this thread.

Pages: [1] 2 3 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!