Bitcoin Forum
September 22, 2018, 04:13:07 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 »  All
  Print  
Author Topic: What is a good way to concisely explain Bitcoin?  (Read 496 times)
memecoin
Member
**
Offline Offline

Activity: 128
Merit: 10

Borderless for People, Frictionless for Banks


View Profile
July 29, 2018, 06:45:29 PM
 #21

Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.

Bitcoin is a representation of blockchain technology and Bitcoin was created for the purpose of paying for internet services. In addition to using for billing purposes, Bitcoin is currently being used as an asset, and everyone wants to buy Bitcoin and hold in their wallet.

T r a x i o n                                                            TRADE AND EARN DURING PRE-ICO
TRANSITIONS YOU TO A CRYPTO-READY SOCIETY       Pre-Sale starts April 15, 2018
Github     Telegram     Medium     Facebook     Twitter     Reddit     Youtube
1537632787
Hero Member
*
Offline Offline

Posts: 1537632787

View Profile Personal Message (Offline)

Ignore
1537632787
Reply with quote  #2

1537632787
Report to moderator
Einax Airdrops and Bounties made easy! List your ERC-20 token
FREE
ETH markets launching soon!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537632787
Hero Member
*
Offline Offline

Posts: 1537632787

View Profile Personal Message (Offline)

Ignore
1537632787
Reply with quote  #2

1537632787
Report to moderator
1537632787
Hero Member
*
Offline Offline

Posts: 1537632787

View Profile Personal Message (Offline)

Ignore
1537632787
Reply with quote  #2

1537632787
Report to moderator
1537632787
Hero Member
*
Offline Offline

Posts: 1537632787

View Profile Personal Message (Offline)

Ignore
1537632787
Reply with quote  #2

1537632787
Report to moderator
tokenjob
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
July 29, 2018, 07:40:11 PM
 #22

Bitcoin is a virtual currency that is not backed by any country's central bank or government. It can be traded for goods or services with vendors who accept Bitcoins as payment. Bitcoins are stored in a digital wallet, which also holds each address the user sends and receives Bitcoins from, as well as a private key known only to the user. The network is designed to generate approximately 21 million Bitcoins and the network is set up in a way to deal with inflation
pixie85
Sr. Member
****
Offline Offline

Activity: 658
Merit: 255


View Profile
July 29, 2018, 09:26:31 PM
 #23

The best short explanation is that it's electronic money of the Internet. Money independent of banks and governments not controlled by anyone. Some people are comparing it to virtual gold because it doesn't depend on banks and local economies and its amount is limited.

Huntler1993
Member
**
Offline Offline

Activity: 140
Merit: 12

“The Future of Security Tokens”


View Profile
July 29, 2018, 09:33:47 PM
 #24

For non technical bitcoin can be explained to him as  the most renowned digital currency that is used for transaction and with high potential of not making their holders poor

christysmile
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
July 29, 2018, 09:37:49 PM
 #25

Yeah when people are coming from a non-technical side they will most likely get confused if anything to do with [Suspicious link removed]es up. So it's probably best not to mention that unless they ask how it is secured, you can say "There's a unique algorithm type coding that's called blockchain. It requires multiple validations and is hard to crack" or something like that.

But I would focus on the more social aspects of bitcoin. Like the fact that you have complete control over it, and the banks cannot influence it. It's value is determined by the people who invest in it only.

Maybe about the virtual nature of it too, but this could certainly be confusing for some.
NervousWolf
Newbie
*
Offline Offline

Activity: 62
Merit: 0


View Profile
July 29, 2018, 10:30:35 PM
 #26

It will be quite hard to make a non technical person understand bitcoin properly. In short words, bitcoin a kind of digital currency which is free from third party control.
Sarastiche
Member
**
Offline Offline

Activity: 350
Merit: 10

https://i.imgur.com/92rZqwh.png


View Profile
July 29, 2018, 10:45:47 PM
 #27

You can explain with several examples relating to what an individual can visualize with thought pattern, though it is
 much easier for an individual that has a basic technical knowledge, Explain base  on the old  policy of trade by batter, meaning, you exchange you fiat for another form of currency that is digital,which you cannot see unlike fiat, but can be confirm from your wallet, also Bitcoin is also a basic answer to the cashless policy advocated globally.

MyCryptoBank  ――  Legal and Reliable Crypto Bank
Whitepaper  ――  CRYPTOBANK FOR CRYPTOCOMMUNITY  ――  Announce
―― Medium ―― YouTube ―― LinkedIn ―― Telegram ―― Facebook ―― Twitter ――
Eclipse26
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250



View Profile
July 29, 2018, 10:52:58 PM
 #28

Bitcoin is an alternative digital currency that there's no government who controls it.
You can search in the forum pretty concise explanation on what bitcoin really is.
Sets of pretty simpler explanations are also in google by just doing it within few seconds.

Bitcoin is a cryptocurrency that was very profitable and beneficial. It was decentralized where no one can control it evern the government. Its price was volatile which means there is an up and down on its value. If you really want to explore more things about it just keep reading different thread about here.

 
EMP
 



▬▬▬▬ ◥ ◤ ▬▬▬▬▬ ◥ ◤ ▬▬▬▬▬ ◥ ◤ ▬▬▬▬▬ ◥ ◤ ▬▬▬▬
 



  ICO START:
10 SEPT 2018
Kenthunan_rondo
Newbie
*
Offline Offline

Activity: 61
Merit: 0


View Profile
July 29, 2018, 10:57:35 PM
 #29

Bitcoin makes it easy for you to move money, Bitcoin is a payment system, just like a bank transfer or credit card method, but Bitcoin is a bit better.
bangkecol
Sr. Member
****
Offline Offline

Activity: 574
Merit: 310



View Profile WWW
July 29, 2018, 11:04:49 PM
 #30

btc can be regarded as a digital currency that can be made as a digital asset, wherein an asset, the price is somewhat fluctuating, can rise and can go down, but when viewed in terms of long-term, this asset can still develop

                 ██            ██
               ██████        ██████
            ████████████      ██████
        ███████████████████    ██████
     ███████████    ██████████  ██████
  ██████████    ███    ████████  ▀█████
  ██████    ███████████   ██████  █████
  █████   ██████  ██████   █████  █████
  █████    ███      ███    █████  █████
  █████  ██            ██  █████  █████
  █████  ███          ███  █████  █████
  █████  ███████   ██████  █████  █████
  █████  ████████████████  █████  █████
  █████  ████████████████  █████  █████
  █████  ████  █████ ████  ████  ██████
  █████  ████   ███  ████  ███  ██████
  █████  ████    █   ████  █   ██████ 
  █████  ████        ██      ███████     
    ███  ████        █     ███████         
      █  ████         ▄██  █████       
           ██        ████  ███
            █        ██▀
AiBB  ———————————
HARNESSING THE POWER OF Ai IN CRYPTO
▐ -_________________________
BUY TOKENS
-▐   Twitter
  Telegram
  Facebook
|WP
Reddit
Medium
Sergio444
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile WWW
July 29, 2018, 11:31:02 PM
 #31

That reminds me of the first time I heard of bitcoin. I really hear the last word "coin". That was on campus when a friend of mine visited me. We were both broke and had no cash on us. But we were eager to enter into business to earn some money. After I had cooked for him to eat, he said his brother was into a mining business and they deal in bitcoin and really earning big.  I thought bitcoin was a newly discovered mineral for the mineral mining sector. Then a day after I heard the price of bitcoin on the business new. Oh, how can I be so naive. Bitcoin was no mineral. Probably i got confused because of the mining I heard. The only simple way I understood Bitcoin is that it is just a digital currency that can be mined, traded for fiat, and for payments of online services. It is not controlled by anybody.
Roberttran
Member
**
Offline Offline

Activity: 266
Merit: 10

https://www.soar.earth/


View Profile
July 30, 2018, 12:06:00 AM
 #32

Briefly explain:  Bitcoin is electronic money, decentralized government can not control and create bitcoin.  It uses blockchain technology security and security.  All transactions are transparent on blockchain and no one can modify the transaction as current currency to cheat.

aryaadikariyansyahsuwarto
Full Member
***
Offline Offline

Activity: 476
Merit: 100


This Is Promissing Project


View Profile WWW
July 30, 2018, 12:13:25 AM
 #33

bitcoin is a currency that is not real and has a high price, that's all .....

Tetew50
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
July 30, 2018, 12:59:07 AM
 #34

Bitcoin is an easy payment tool that can be used all over the world and across the continent.
Bitcoin currency is not known in the banking system and is not related to the government.
Naughty Princess
Full Member
***
Offline Offline

Activity: 462
Merit: 106


View Profile
July 30, 2018, 01:09:38 AM
 #35

Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.

Bitcoin is a representation of blockchain technology and Bitcoin was created for the purpose of paying for internet services. In addition to using for billing purposes, Bitcoin is currently being used as an asset, and everyone wants to buy Bitcoin and hold in their wallet.

The good way to explain bitcoin is that how it circulate along the market, that the earnings cannot get stable but it can increase its value when keep it on wallet. There are many function of bitcoin that can give people for secure and fast transaction. Give information about how they are going to earn more than enough that can get from the real job where they can able to buy another coin and pay bills everywhere.

pocket_lck
Newbie
*
Offline Offline

Activity: 106
Merit: 0


View Profile
July 30, 2018, 01:15:34 AM
 #36

to explain bitcoin to ordinary people sometimes is quite difficult, but I explained that bitcoin is a digital currency used in commerce that uses internet network.
NervousWolf
Newbie
*
Offline Offline

Activity: 62
Merit: 0


View Profile
July 30, 2018, 12:51:11 PM
 #37

You can simply make them understand that bitcoin is just a digital currency on which there is no one’s control except you. You just own your own money and also the government has no control in it.
Asusnumbaone
Member
**
Offline Offline

Activity: 204
Merit: 13

The New Pharma-Centric Marketplace


View Profile
July 30, 2018, 12:56:52 PM
 #38

Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.

Bitcoin have many explanation, The meaning is depend to the human status for example the investor the meaning of the bitcoin for she or he is crypto currency that can use on online platform, to Ordinary people bitcoin is a part of online business. In Overall the meaning of bitcoin is a currency that can be used on investing,trading and etc.

Trade Pharma Network     │  New Pharma-Centric Marketplace
[   PRIVATE SALE   ]      │      WHITEPAPER
Linkedin        ⚫ Facebook        ⚫ Twitter        ⚫ Telegram
Trade Pharma Network     │  New Pharma-Centric Marketplace
SnodGrass74
Newbie
*
Offline Offline

Activity: 83
Merit: 0


View Profile
July 30, 2018, 01:19:10 PM
 #39

Since Bitcoin is an alternative digital currency so that no government controls it. You will find very brief explanations on the forum on Bitcoin. I think you can also find more explanation through google or other blogs.
buternasek
Member
**
Offline Offline

Activity: 336
Merit: 12

man jadda wa jadda


View Profile WWW
July 30, 2018, 01:22:24 PM
 #40

Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.

how about going through an article that explains in detail about bitcoin.
it is the most effective way, but you should make the article short and clear.

Pages: « 1 [2] 3 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!