Should we be rating these answers? Some of them are not very accurate.
Yes, please point out any inaccuracies.
Topic: Challenge: Can You Summarize Bitcoin in One Sentence? (Read 268 times)
Yes, please point out any inaccuracies.
Should we be rating these answers? Some of them are not very accurate.
Bitcoin is a preview of what all currency will likely become.
1 Bitcoin is equals to 3.45 oz of Gold at the moment.
A DIGITAL CURRENCY THAT HAS BEEN USED TO BUYING & SELLING PRODUCT.
Bitcoin is a digital decentralized currency built on the blockchain technology
I don't think the winning entry in that contest was accurate.
btw - a cheque is a bill of exchange, and Bitcoin isn't a bill of exchange imho.
btw - a cheque is a bill of exchange, and Bitcoin isn't a bill of exchange imho.
Bitcoin is the First Decentralized Currency for the internet and one single bitcoin is worth thousands of dollars.
Bitcoin is a digital currency for those people who doesn't want to be enslaved by the centralized system.
Ummm. nice one!!
"Bitcoin is the most important coin from a decentralized-technology called Blockchain, based on the trust of the many instead on the power of a few"
"Bitcoin is the most important coin from a decentralized-technology called Blockchain, based on the trust of the many instead on the power of a few"
Bitcoin is good.
Bitcoin is a digital currency that can be traded through cryptocurrency and how to get my point directly to how to get the bitcoin, so I think that explains to people who want to know bitcoin.
without using the buzzword jargon that requires more explanation. or comparisons to cash which involves metal coins or paper bank note misconceptions..
bitcoin is a electronic cheque currency system fully validated and chain locked into blocks of transactions by random people using specialised computers around the world
why do i use these words
cheque:- unlike bank notes or coins. bitcoin is about transactions with a destination, amount and signature. just like a cheque
chainlocked into blocks of transactions:- better than waffling about blockledgers, hashes and immutability. it explains where the term blockchain derives from
random people:- no point waffling about decentralised and not bank institutional control
specialised computers:- standard computers are not enough. and waffling about asics just ends up with more questions
bitcoin is a electronic cheque currency system fully validated and chain locked into blocks of transactions by random people using specialised computers around the world
why do i use these words
cheque:- unlike bank notes or coins. bitcoin is about transactions with a destination, amount and signature. just like a cheque
chainlocked into blocks of transactions:- better than waffling about blockledgers, hashes and immutability. it explains where the term blockchain derives from
random people:- no point waffling about decentralised and not bank institutional control
specialised computers:- standard computers are not enough. and waffling about asics just ends up with more questions
Bitcoin is a decentralized cryto currency with a peer to peer online transactions and it operates independently from the central banks.
Bitcoin is digital money that can help you solve all the problems on the online payment system quickly.
O sure. Bitcoin is a revolution that seeks to breakdown the monopolistic tendencies of the traditional financial methods and rigid monetary possibilities.
Bitcoin is digital money without a centralized control.
I have had trouble finding a way to explain to others what bitcoin is in an easy-to-understand, straightforward way that really encompasses all of what bitcoin is not just parts of it.
Perhaps it really can't be explained in a short, simple way that incorporates everything that bitcoin is, but I am hoping someone here might be articulate enough to do so.
I'd really love to have one sentence that is able to do this. Hope you can provide it!
Perhaps it really can't be explained in a short, simple way that incorporates everything that bitcoin is, but I am hoping someone here might be articulate enough to do so.
I'd really love to have one sentence that is able to do this. Hope you can provide it!
bitcoin is not money but you can help it financially and it also helps you if you earn money
I have had trouble finding a way to explain to others what bitcoin is in an easy-to-understand, straightforward way that really encompasses all of what bitcoin is not just parts of it.
Perhaps it really can't be explained in a short, simple way that incorporates everything that bitcoin is, but I am hoping someone here might be articulate enough to do so.
I'd really love to have one sentence that is able to do this. Hope you can provide it!
Perhaps it really can't be explained in a short, simple way that incorporates everything that bitcoin is, but I am hoping someone here might be articulate enough to do so.
I'd really love to have one sentence that is able to do this. Hope you can provide it!
I remember this question before but it was a competition with a prize of 1 Bitcoin!
Here it is - https://bitcointalksearch.org/topic/1-btc-bounty-explain-bitcoin-in-one-sentence-1261106
Bitcoin is a world-wide internet-based censorship-resistant payment system that has its own currency.
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