What Is Bitcoin?

[Faith Joy]

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 an essential and important thing It is a super useful thing, bitcoin can change your life specially your financial status bitcoin can make your time and effort productive. Through bitcoin you can makr your time and effort good.

[perfect999]

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 an essential and important thing It is a super useful thing, bitcoin can change your life specially your financial status bitcoin can make your time and effort productive. Through bitcoin you can makr your time and effort good.

If you ask me, it is an invention that made big transaction fast, easy and cheap. Basically, it was used for those that's but with time the users were increased due to the facility it gave to transfer money to any part of world causing the price to rise with time.

[Rajamuda]

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.

[Prime Gold]

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.

[kevinzxz]

bitcoin is a cyberspace currency, in which its function is almost the same in general as the world currency, which distinguishes only bitcoin can be used for long-term investments (like gold), and money can not be invested 

[guoyu78]

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.

I don’t know who even came up with the idea of saying bitcoin is an “internet money”. That sounds meaningless to me.

You rather say bitcoin is a digital currency or a tech. stock,  than use internet money or explain. Bitcoin has to do with a lot of things,  including peer to peer transaction known as p2p, saving money (same as you do with saving money in gold), it can be an alternative to bank, because it does and offers features that are similar to a bank. This is just a little, there are even much more that bitcoin has to offer.

[Ayiranorea]

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.

Most of us know bitcoin from the beginning, but in reality very few have a better understanding about bitcoin. This is all because of the nature of the bitcoin. Each has their own definition on bitcoin, from my view its the one that has a virtual presence and gives an earning opportunity.

[Noilee]

Bitcoin is a new currency and unknown person who created its a world wide currency and can everyone used it. Bitcoin is most powerful form of currency and most popular currency its very important and useful especially in our daily needs. This currency is also best in investment and it gives chance to the people invest and earn easy money. Bitcoin gives good future to the people and its a big help to everyone, people and investor are invest in bitcoin because its profitable and valuable.

[kutongcoin]

as i know bitcoin is the decentralized cryptocurrency using the internet connection, bitcoin as currency is easy to use in any transactions for the new technology of currency, and bitcoin helping to the people giving the new hope in life and the economy for the country accepted the bitcoin as currency.

[TonixGaming_14]

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

Bitcoin is digital currency use in many ways in earning bitcoin so bitcoin is wide spread in the world today because of technology today so the bitcoin stronger and secure because it is encrypt. 

[Potchi]

bitcoin is the most indemand cryptocurency (Internet money)

Bitcoin is a digital currency that is now popular in the digital world used by many users. It is treated like a real money because it can be used in transactions same to real money transactions. Now this form of digital currency helps everyone who uses it to have extra income they can use for their own personal transactions. It is continuing to be known by the public.

[valisa]

Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like the euro or the dollar, but it is only available in the digital world. It's in my opinion about bitcoin

[usman.temuri]

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.

[risk91]

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.

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. It give more informatiom for the future devalopment.

Creat by.
A software developer called Satoshi Nakamoto proposed bitcoin.

[vinz7229]

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.
It’s the first example of a growing category of money known as cryptocurrency. Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

[Roman Abraham]

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 virtual currency developed in 2009 by someone known as Satoshi Nakamoto. yet nobody really knows where it is. This currency is like fiat money, but only available in the digital world and the number of circulating is limited.
bitcoin as a digital currency has its advantages
1. Instant transfer in peer to peer.
2. Transfer can be done anywhere.
3. The required transfer fee is very small.
4. Bitcoin is not controlled by any agency or government

[djablom1]

What is Bitcoin? Bitcoin is a way to earn money, and it is a sort of online money. You can invest in bitcoin and earn money, because bitcoin is still growing.

[Rifat0099]

Bitcoin is a digital and cryptocurrency. It is the most famous and number one cryptocurrency in the world. Its price is very costly. Now its price 1 BTC equal $4,408.61 so bitcoin is now a popular digital currency.

[Colt81]

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.

[Sarah08]

Bitcoin is a kind of cryptocurrency that has the largest value among all of the cryptos.It is the moset popular and well known in the world of the cryptocurrency.Bitcoin can help you to save money,transfer money person to person,and have an great value of transfer and changed money.You can exchange these coins to any kind of currency that has the legalization of governments.