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Author Topic: Bitcoin in 15 Words for Laymen  (Read 15733 times)
kiba
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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!

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Bitquux
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October 26, 2010, 03:59:09 PM
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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.
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October 26, 2010, 05:29:45 PM
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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
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October 26, 2010, 05:37:05 PM
 #4

+ decentralized

Good call. Hmm...
grondilu
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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
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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.

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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
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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
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October 26, 2010, 06:47:21 PM
 #9

"Bitcoin = cash, no IRS"

4 words Cheesy

kiba
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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.

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October 26, 2010, 08:04:12 PM
 #11

"Bitcoin = cash, no IRS"

4 words Cheesy

My vote goes for this.
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October 26, 2010, 10:42:56 PM
 #12

Bitcoin=Porn Privacy


 Cheesy
Gavin Andresen
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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
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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
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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
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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
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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
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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

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October 27, 2010, 08:23:38 PM
 #19

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

kiba
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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.

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