Describe what is bitcoin for a 7 year old kid in few words

[jake zyrus]

Bitcoin is a type of currency/money used for the purchase/payment online, which requires the use of the internet for a successful transcation. It's very fast and reliable.

Right bitcoin is a digital currency with high value but we can use it online transaction only. Bitcoin is digital currency that you can used in investing,  purchasing goods and stuff and the transaction are safe, fast and easy to use.

[yulchatar]

Bitcoin is a economic renaissance that is wrapped in a technological bubble, which itself is wrapped in a get rich quick scheme.

Well, good joke. What you have written not every adult will understand, and the child will not understand all the more. But you, it seems, didn't even think about it when they wrote the answer.

[izanagi narukami]

Bitcoin is internet money that you can use to make purchases of your favorite toys or books It is just like the fiat currency but you can not see or touch it. It has value and you can transfer it to your friends

Just make sure that the kid is understand how internet and wallet works because it's a combination between those two.
For early explanation is a great choice but for implementing usage is not recommended because they are still not understand how to protect their private key !

[munify]

Bitcoin is a digital currency as an online payment medium that can be used anytime and anywhere.

[signup01]

Bitcoin is internet money that you can use to make purchases of your favorite toys or books It is just like the fiat currency but you can not see or touch it. It has value and you can transfer it to your friends

if I introduce myself to a 7-year-old child, I will explain that bitcoin is an internet / digital currency that has many functions, such as being able to be used to buy toys and can be used to earn income

[rtm125]

Two words-digital currency. I think this is the most concise and succinct explanation that can be applied to bitcoin, and if I was asked about what bitcoin is, I would say so.

[WebTera]

I do not think that every seven-year-old child needs to explain bitcoin, but if I had to do it, I would say that this is a new generation currency that is concentrated in the Internet.

[minhlee95]

Bitcoin is an online currency. I think this explanation is quite simple and clear, and when I first became interested in cryptocurrencies, it is this definition that gave me to understand what bitcoin is.

[Crypto one]

Bitcoins are digital money, just like you know them from your games, but with Bitcoin you can buy real things. If your computer are really fast, then you can earn Bitcoin by mining them.

[Nitori_m]

Computer bits made up of mathematics which can be used as a mode of payment because of it monetary value

[@Hakermania@]

Hi there
What's the most simple way to describe what bitcoin is for people?
Will be cool to read in the comments some new creative ways to do that!

Bitcoin is a coin that is exchanged through a particular ledger called blockchain. The ledger contains all the transactions, each defined by the sender's address, the address of the recipient and the quantity exchanged. Each page of the ledger is called a block, a page is written every 10 minutes. what distinguishes this ledger is high security: nobody can steal it, nobody can change it

[bitcoinisbest]

Bitcoin is internet money that you can use to make purchases of your favorite toys or books It is just like the fiat currency but you can not see or touch it. It has value and you can transfer it to your friends

It is virtual money which cannot be seen or feel but it still exists. Instead of fiat we can use this crypto currency which has lot more benefits than the fiat. It can be used in any country which has legalized it and does not have the issue of changing the currency from one country to another as per that's country currency/. Also money transfer is quick an easy with less fees than compared to bank.