What Is Bitcoin?

[Markistrue]

On me personally, Bitcoin is a new breakthrough for making money or as an asset to boost personal finances in a more modern way and close to the evolving and growing advancement of internet technology on today's era. This digital currency is able to prove to reduce poverty i guess, peoples who aren't working anymore, already many who can earn money from bitcoin earning.

Right .... I also have the same opinion, bitcoin is the digital currency and this is a new breakthrough, fortunately we already know bitcoin from the beginning.

Nice, indeed if I see about bitcon have confidence that bitcoin is an excellent technology and will provide many advantages for everyone. But it all depends how they do or use the bitcoin, because something good is not necessarily going to be good or even better if the take over is someone who does not want to grow. Indeed knowing bitcoin earlier is a profitable thing, but if we don't have it just the same we just saw.

[asadul]

Bitcoin has started since 2008.
And now there are 1 number of online revenue.
It's going to increase the price of the day. I hope
The price will be doubled in the coming year.

[craZyLovE0916]

Bitcoin is the crypto currency.
Bitcoin has started since 2008.
And now there are 1 number of online revenue.
It's going to increase the price of the day. I hope
The price will be doubled in the coming year.

Bitcoin started in 2008?!

I was under the impression it started in 2009, but apparently not? What source do you have that it started in 2008? Are you talking about the beginning of the development or the actual launch?

[sagarnyc]

Bitcoin is a digital currency which also acts as online payment system in which bitcoins are used.

The idea behind the Bitcoin technology was introduced by an unknown person, under the pseudonym Satoshi Nakamoto in the year 2008. He released the software in the public domain in the year 2009.

The bitcoin system process transactions in a peer to peer fashion, that is, transactions take place between users directly without any intermediary like bank, credit card companies etc.

Also, it is not regulated by any central authority and therefore, it is the world’s first decentralized currency.

[xiboothrezi]

for me, bitcoin is a very good digital currency to be an alternative payment that can simultaneously serve as an investment tool.

[BitDiscussion]

Bitcoin is a virtual currency not unlike any other you might have come across while playing online games, except the technology is much stronger.

Actually, bitcoin is digital money, asset and currency. Bitcoin is the first cryptocurrency and it is also the father of all cryptocurrency. In addition to that, as of now bitcoin become more popular and many people want to have that. I think bitcoin will become our future money.

Bitcoin is the future of world currencies and nothing can stop them from replacing traditional currencies. Many countries have already legalized bitcoins because they know the damn potential of bitcoins about producing big profits ultimately stabilizing their state economy.

[nightrider]

Bitcoin is a virtual currency not unlike any other you might have come across while playing online games, except the technology is much stronger.

Actually, bitcoin is digital money, asset and currency. Bitcoin is the first cryptocurrency and it is also the father of all cryptocurrency. In addition to that, as of now bitcoin become more popular and many people want to have that. I think bitcoin will become our future money.

Bitcoin is the future of world currencies and nothing can stop them from replacing traditional currencies. Many countries have already legalized bitcoins because they know the damn potential of bitcoins about producing big profits ultimately stabilizing their state economy.

It is not the future, it is the present, it is the leader, the enlightener of our world. It is like a god of a people. I love it.

[richkellj]

well its a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

A very precise and perfect definition! It uses SHA256 hash and is very secure for this reason. Other than that, bitcoins is a source of income for many unemployed people and a great investment for the future also. Above all, it is the first crypto currency of the world.

[kokobaba880]

Bitcoin is a crypto currency or simply internet digital currency which is using for a number of transactions now a days and it has developed people interest and the market value is more than dollar.

[bitcoinsocial09]

I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.

For example, I will start with the obvious: Bitcoin is internet money

Is this a perfect explanation? Of course not. This is where you come in.

Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.

The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.

Make sense?

So I will repeat the starting point: Bitcoin is internet money

Bitcoin is a digital currency which also acts as online payment system. The idea of bitcoin technology was introduced by an unknown person. He is Satoshi Nakamoto in the year 2008. The bitcoin system process transactions in a peer to peer fashion, a transactions take place between users directly without any intermediary like bank.

[Billionex981]

Bitcoin was invented by Satoshi Nakamoto in 2009. Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin falls under the scope of cryptocurrency and was the first and most valuable among them. It is commonly called a decentralised digital currency.

[akram143]

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 people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

neowebwallet

Bitcoin is an cryptocurrency which is not a physical money it is a digital form of currency. The bitcoin was launched in 2009 and it is invented by a group of unknown people. After that the bitcoin started to grow constantly now, which is used by many peoples from the all around the world. In the developing world the physical currency will be replaced by cryptos in future so invest today on bitcoin and enjoy your future

[iamKiko218]

Bitcoin is the first digital currency throughout the world - meaning, it is created and held electronically (i.e. computers). The good thing in bitcoin is that it is decentralized - meaning, it has no central authority, no banks, and you will not be charge of any transaction fees. Also, bitcoin is received, stored, and sent using bitcoin wallet.

[Dod Ong]

I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.

For example, I will start with the obvious: Bitcoin is internet money

Is this a perfect explanation? Of course not. This is where you come in.

Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.

The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.

Make sense?

So I will repeat the starting point: Bitcoin is internet money

For me bitcoin is networking. Before I used bitcoin I'm so confused, I have a doubt here in bitcoin, why? posting is the main work and it is very confusing you earn money if you are posting only? Other people used bitcoin because most of them have no work so they used the bitcoin as their income.

[sneeze11]

Bitcoin is a virtual currency not unlike any other you might have come across while playing online games, except the technology is much stronger.

I agree and also think that bitcoin is a virtual currency not unlike any other you might have come across while playing online games. Bitcoin is also a digital currency that you can only gain if you join in any signature campaigns, play gambling in gambling sites, investing on bitcoin related businesses and also in trading. That's what i know in bitcoin because i'm just a beginner.

[kodtycoon]

Bitcoin is a digital currency that needs a digital wallet with a digital address. Transported digitally through the internet and traded digitally via digital currency exchange.

bitcon is money that shaped digital but full, at work with internet and online in process with digutal. all because of the era that is sophisticated or advanced, so everything in the process with digital more secure and maintained. The goal is the same for income and improve intelligence or make smart for those who wear.

[Grim149x]

All I can tell you is Bitcoin is the Future. The Future is now. You either get in or not. Either way, it will be thriving for years to come.

[Ziomuro27]

On my opinion Bitcoin is a virtual currency that helps people to get money gain ideas it is where they rely to survive everyday , it is their hope to change themselves in a better one, this is the only one virtual currency that is easy to transact money in different cash machine this is the only currency that I love the most.

[RecklessRocket]

BitCoin is a digital currency or you could label this as Virtual currency as it is not printed. This means, no legal printed notes issued by any State bank of any Country.

It is good for the economy but please note that many countries do not consider it "Currency". For example China has banned BitCoin exchanges in last few week.

[farhan28]

Bitcoin is a digital currency...  It can change anyone life because its value is daily rising..There is no printed note of bitcoin