Author

Topic: For beginners just a defination of what is bitcoin. (Read 876 times)

legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
I've got a better definition for you:

Bitcoin is magic internet money!

OK, all joking aside... OP, you might want to actually learn about Bitcoin before trying to define it for others.  That mishmash of words thrown together in your post... yikes.
legendary
Activity: 1400
Merit: 1001
Mentioning MtGox in any bitcoin related topic is not really good idea when you are explaining bitcoin idea to a newbie. Definition of bitcoin may vary and it can be described as:
internet of money, cryptocurrency, digital commodity, payment method and more. For easy access to good tutorials and info I recommend www.bitcoin.org
legendary
Activity: 1596
Merit: 1000
just google what is bitcoin! You could find many materials or video to read or watch for you to easily understand it.
I got one for you http://coinour.com/index.php/2015/10/26/what-is-bitcoin/ 
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
BitCoin used in the online world is a new Exchange type Casino chips.

Yeah, because we want people new to bitcoin to think that these are "casino chips"...

What a really, really bad explanation of bitcoin, let alone very awkwardly written. By the way, it's spelled "definition", not "defination".
sr. member
Activity: 462
Merit: 250
I don't think that definition will help beginners. IMO that will just confuse them, you should make it more simple. Personally when I introduce bitcoin to someone, I always say first that it is a computer money Grin That's the simplest way I can tell to a beginner Cheesy
sr. member
Activity: 300
Merit: 250
Bitcoin is an electronic coin used as currency for adquiring many goods
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
Bitcoin is a digital currency.
I like Bitcoin because is decentralized,anonymous and free.

It is decentralized. It is not completely anonymous, but more semi anonymous! It's more anonymous than bank account but definitely less anonymous than cash.

It is also not free. It cost money to hold the whole Bitcoin network operational and secure! It also cost money to send transactions, not too much granted but it still does cost something!
legendary
Activity: 3248
Merit: 1070
bitcoin is simply a decentralized money, no authority behind it that control it, this is everything you need to know
hero member
Activity: 896
Merit: 502
Bitcoin is a digital currency.
I like Bitcoin because is decentralized,anonymous and free.
hero member
Activity: 938
Merit: 1000
BitCoin used in the online world is a new Exchange type Casino chips. BitCoin who spent money in real life, advantages or could be exchanged. BitCoin as a currency using the Internet to purchase goods and services. BitCoin system with very high security. This is a financial transaction creates confidence in the lane – We change a BitCoin or real money through BitCoin dealer, and many other MtGox exchanging real money for. No organization of any monetary value of BitCoin 1 BTC statistics maximum and less than us $ 1 to us $ 30. The total value of BitCoin just 21 million remain confined to BTC.
To explain bitcoin for beginner with 'casino chips' scenario it's become harder to understand. Even for me.

I think the easiest way is to give some bitcoin to other, and then they can feel the benefit of using bitcoin rather than fiat.
sr. member
Activity: 336
Merit: 251
Good effort but a bit way off the mark.

Have to agree with Lauda, if you are not that familiar with bitcoin then rather find a couple of good youtube videos and post a short summary and link for each.
legendary
Activity: 2674
Merit: 2965
Terminated.
Are these your explanations for beginners? If so, then they aren't that good. Bitcoin is definitely not a "new exchange type casino chips". Bitcoin is so much that it is quite hard to correctly describe it in a few words. There are a lot of great videos on youtube for newbies that are both short and non technical.
newbie
Activity: 9
Merit: 0
BitCoin used in the online world is a new Exchange type Casino chips. BitCoin who spent money in real life, advantages or could be exchanged. BitCoin as a currency using the Internet to purchase goods and services. BitCoin system with very high security. This is a financial transaction creates confidence in the lane – We change a BitCoin or real money through BitCoin dealer, and many other MtGox exchanging real money for. No organization of any monetary value of BitCoin 1 BTC statistics maximum and less than us $ 1 to us $ 30. The total value of BitCoin just 21 million remain confined to BTC.
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