How Would You Explain Bitcoin to a Newbie?

[Makar88]

What is Bitcoin (bitcoin, btc, Btk, bitcoin) in simple words? This is a new generation of decentralized digital currency, created and operating only on the Internet. No one controls it, currency issuance occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is the essence of bitcoin.

[Cryptoryx]

In my opinion, one of the best ways to actually understand a new topic would be "Explain like Im five" kind of articles / videos.
When you understand the core and the basics of anything, it becomes simpler to move forward with it.
I like this video - https://www.cryptoryx.com/what-is-bitcoin/

Goes through the general idea of what is Bitcoin in less than 2 minutes.

[Micerker J. Meyer]

It's a cryptocurrency

[MegaTurtle]

Bitcoin is a very promising project and Bitcoin payments are available all over the world in the near future, all you need is to buy bitcoin right now.

[thinkpad99]

Bitcoin is a very promising project and Bitcoin payments are available all over the world in the near future, all you need is to buy bitcoin right now.

It's quite a difficult task, so I do not do it. My friend told me about Bitcoin a few years ago and I did not believe it myself, which is why I know that others will also understand what a virtual coin is.

[bribed]

I always explain Bitcoin or cryptocurrencies by explaining what the blockchain is. In general I do that with the example of a phone book. A distributed ledger, as the blockchain is, is like a public phonebook (register) where everyone has the same copy of, if anyone makes a change in it, everybody has to verify the change. Its hard to explain this in english to me. In my language I can explain it pretty good I think, and most of the time people understand it after I explained it to them.

[imsotiredofmoviereboots]

It is the new money but in digital form. As simple as that.

[Kiki Rusma]

I first listen to bitcoin from friends is quite interesting with the benefits he received, then I search for more information on google, there I learn one by one to get to the trading, so tell me what your experience of the benefits and risks that may happen.

[chathura]

If you want to know what is Bitcoin, how you can get it and how it can help you, without floundering into technical details, this guide is for you. It will explain how the system works, how you can use it for your profit, which scams to avoid. It will also direct you to resources that will help you store and use your first pieces of digital currency.

[BLAST2MARS]

Bitcoin is going to replace the old dirty cash that is controlling us in many, many years and it freed us from the corruption and high-inflations.

[@ment.ion]

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

As newbie, I prefer not to get explanation from other people before I get knowledge from my own research.
Then when someone explain to me, I'm not blind at all. And it's become something like enrichment.
That's my preferences as a newbie, and I'll do the same when I have to explain to newbies.
I'll let them get their own references first, and I will explain and complete information he/she didn't get.