5 Key words (short sentence) to explain BTC

[n0ne]

Satoshi Nakamoto
Blockchain
Mining
Darkweb
Exchanges

I've mentioned the five key words and the details are compiled below

Going through the name one can get some basic understanding about how bitcoin came into the world.

Blockchain, the term is much used in the cryptospace. However knowing about the process will give a wider view about cryptocurrencies as a whole.

I've mentioned about mining, because it is the life to the network. With the beginning of the history mining won't be explained much as desktops were also used for mining bitcoin in the early days. The advancement need to be Known.

Darkweb, because there is a misunderstanding that bitcoin is for the darkweb. Going through that one can understand the usage of fiat is high in darkweb than bitcoin.

Exchanges are the backbone, because they're the market makers. Without them the market progress and decline won't happen.

[GeorgeJohn]

Words that are encouraging, words that will actually make them interested and curious about Bitcoin, I think 5 words are actually enough for someone to at least learn about Bitcoin, 5 words ain't enough for someone to invest on Bitcoin though, it may need a further discussion about how profitable Bitcoin will be, that is unless someone can actually give us 5 convincing keywords for someone to instantly invest on Bitcoin.

Can five words made you to understand a concept that is very rigid to comprehend, i disagree with your concepts, because i believe on my own that five words can't let you know or have pre knowledge of things you are not acquainted to, someone who doesn't know cryptocurrency generally can't be acclimatized with few words that explained brief about cryptocurrency and especially bitcoin, it's a someone who have come across of bitcoin before now that five words can inspired about BTC, so with such letters it will summary BTC fully.

[dvndr007]

Hi all,

I've been reading a lot about Bitcoin, watching interviews from Michael Saylor, Robert Breedlove, Pomp, Preston Pysh, read a book on Bitcoin/Blockchain......but for some weird reason, i still cant formulate a basic description of what is Bitcoin.
Yesterday, I was by myself and I asked myself : If you had to describe Bitcoin to a kid, or anybody, the very basic or simple aspect of it, how would you do it ?

For some reason, I wasnt able to say much beside :
-Its decentralised, its a «store of value», it can be seen as «property» (as opposed to land or house or anything that a govt can seized from you), and that all transactions or public to everybody via Blockchain.

I dont know if im retarded (loll) but I was very insastisfied of my description of Bitcoin compared to the work i've done to educate myself. Seems like the informations dont want to sync in my brain...
In a simple way, if you would like to explain  to a friend  the basic concept or nature of bitcoin, what would be the 5 key points/short sentence that  you would say ?

Once again, thank you Bitcoin family.
Always interesting to see your response !

1) Bitcoin is not controlled by anyone.
2) Please check Bitcoin chart how it perform before investing.
3) Bitcoin technical details are not required unless you are a miner.
4) you can transact worldwide without any third party interference.
5) Bitcoin is a fixed supply and decentralised asset.

[rodskee]

1) Bitcoin is not controlled by anyone.
2) Please check Bitcoin chart how it perform before investing.
3) Bitcoin technical details are not required unless you are a miner.
4) you can transact worldwide without any third party interference.
5) Bitcoin is a fixed supply and decentralised asset.

Well Said , completely detailed all the terms we can use on explaining bitcoin specially for newbies ..

But OP must not forget also to allow people understand about the risk , specially in terms of security as the possibilities of being compromised is there.

Hackers and scammers are only waiting .