[1 BTC Bounty] What is Bitcoin? *ENDED*

[BitKoot]

Bitcoin is a currency without banks to control, influence or decrease the value of the currency. Instead verifiable mathematical calculations are used to secure the transactions and storage of the currency.

[tarmi]

digital internet gold.

[Quartx]

Bitcoin is the defacto digital currency that has lots of potential and it is the future is finance <3

[acceptance2]

A little video I made.

http://www.youtube.com/watch?v=oXW2YgnkWwk

Doesn't necessarily explain it but does give people a frame of reference for it, helping them comprehend what it can do.

[jackjack]

Bitcoin is the first true and secure money.

[Abdussamad]

Bitcoin is a way to get rich quick!

[crumbcake]

Forget defining Bitcoin, I offer something much more valuable -- correction to your sig.

"♛ "Censorship is telling a man he can't have a steak just because a baby can't chew it." -MT  @PrimeDice"

Don't fret!  Censorship lets you have your stake, eat & even gamble it away.  At worst, it won't let you talk about it, but common etiquette should stop you from talking with your mouth full.
PM me for BTC addy.

[bg002h]

To a techie:  Bitcoin is Money Over Internet Protocol

To an economist:  Bitcoin is irreversible, ultrasecure mathematical cowry shells

To an entrepreneur:  Bitcoin is digital money Lego--you can use it to build anything

To grandma:  Bitcoin is money that you can send like email

To a merchant:  Bitcoin is no service fees, no specialised hardware, and no chargebacks

To a first generation immigrant:  Bitcoin is 90% off Western Union fees for everyone

To Joe Everyman:  Bitcoin is a 5% discount on online shopping

To your great-grandchild:  Dollar bills were how people paid for things before we had Bitcoin

+1. Well played

[ghibly79]

Currencies are simplicity to complicate. Bitcoin is complexity to simplify.

[St.Bit]

Dependes when you bought them and how smart your son is:

To your son: I don't know, but it paid for your PhD at Harvard.

[syn999]

its how you and me make money and move to the future

[dwdoc]

Pull out a $100 bill point to the serial # and tell your friend:

Imagine if you could transfer the value of a currency by sending its serial number to someone and that in addition to buying and selling existing serial numbers you could use a computer costing thousands of dollars to generate some new serial numbers.

[ganabb]

e-Money.

The future for Bitcoin does look as bright as it did last week, that's for sure.

[pheaonix]

bitcoin is a public online safety deposit box and people trade the boxes as currency. the miners keep it secure and clear transactions and are rewarded a bit for it.

[RockyMtnMiners]

Bitcoin is a public accounting ledger maintained online by a distributed network of computers. Computers on the network maintain the ledger's integrity by cross-checking transactions with each other. People who lend computing power to the network are rewarded with new units of currency, which can be thought of as new lines added to the accounting ledger.

[BorderBits]

Dependes when you bought them and how smart your son is:

To your son: I don't know, but it paid for your PhD at Harvard.

Like every other doctoral granting institution, Harvard funds their Ph.D. students. 

[Mcoroklo]

Bitcoin is a new payment system where you can send money like an email at very low fees.

[mt_bird]

Bitcoin is to dollars as Linux is to Windows.

[tom1]

Bitcoin is the future of money.

[Seth Otterstad]

http://www.youtube.com/watch?v=X_hz7TyQ_bs

This video is better than weusecoins