Topic: How to Answer "What are Bitcoins?" - page 3. (Read 2984 times)
Like gold coins that no one can counterfeit and you can send instantly across the globe.
Like cash in your own personal vault(mattress). Only digital.
What are Bitcoins?
How can such simple question be so hard to answer succinctly? Recently the Bitcoin wikipedia article read, in part,
"Bitcoin is a decentralized electronic cash system using peer-to-peer networking, digital signatures and cryptographic proof to enable irreversible payments between parties without relying on trust."
While that answer is correct, I think if I gave that answer to 99.99% of the people who ask me "What is Bitcoin?", I'd instantly turn them off. Surely we can come up with something short, simple, intriguing that is mainly correct if not 100% correct. Add your answer to this thread.
I'll start this thread with a few tries:
Like cash, only better.
Like digital gold.
A new type of digital money.
How can such simple question be so hard to answer succinctly? Recently the Bitcoin wikipedia article read, in part,
"Bitcoin is a decentralized electronic cash system using peer-to-peer networking, digital signatures and cryptographic proof to enable irreversible payments between parties without relying on trust."
While that answer is correct, I think if I gave that answer to 99.99% of the people who ask me "What is Bitcoin?", I'd instantly turn them off. Surely we can come up with something short, simple, intriguing that is mainly correct if not 100% correct. Add your answer to this thread.
I'll start this thread with a few tries:
Like cash, only better.
Like digital gold.
A new type of digital money.
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