Author

Topic: Best way to explain Bitcoin in one paragraph (Read 1251 times)

hero member
Activity: 490
Merit: 500
October 06, 2014, 04:29:47 AM
#6
Not sure if it's already in the dictionary.Should be. That was my own definition.
full member
Activity: 154
Merit: 100
Calling out scams, one HYIP at a time...
Magical internet money for nerdy wizards!
newbie
Activity: 22
Merit: 0
It's a decentralized crypto currency that allow to make anonymous payments onlne thru the web or between phone with special software eliminating a middleman with fees.
member
Activity: 98
Merit: 10
BTC is a protocol, an open source technology, a medium of exchange and a commodity like platinum or gold

Advanced version: it's like an API for programmable cash transactions

Is bitcoin in the dictionary already?
hero member
Activity: 490
Merit: 500
BTC is a protocol, an open source technology, a medium of exchange and a commodity like platinum or gold

Advanced version: it's like an API for programmable cash transactions
9kv
full member
Activity: 145
Merit: 100
Learning
I'm looking for a paragraph that explains Bitcoin in simple terms to share with my friend. I would write one myself but I am still learning a lot and I don't want to mess up any facts.

Thanks so much in advance!
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