These are the best thing I got so far Wall of Fame:
Qwk: "a peer to peer network serialization of linearly dependent data sets".
(I have to reword this one better for new people)
Crypto Girl: "blockchain - consist of blocks in a chain. Just imagine we have a lot of square ( blocks ) and the information is stored in a block and will broadcast throughout the network."
(maybe blockchain consist of data that is linked, imagine we have 10 people reading a blank book in a room as the author fills in the words simultaneously and in each book the words appear at the same time, everyone is the author and all must agree to one story or at least 51% have to agree to each next word)
or my own that I was told was wrong by the guy that suggested the one up top, and I have to agree with him but I need a way to make that sound normal to normal people I might as well tell them
it is the time continuum transfuctioner or something lol.
It is a digital form of Double Entry Bookkeeping, deposits and withdraws with remaining balance on paper.
Luca Pacioli created it in 1494 and Satoshi Nakamoto digitized it on Jan 3rd 2009
That is just plain wrong.
Bitcoin is
not a "digitized form of double bookkeeping*".
Double bookkeeping is by its very definition a centralized process (
someone keeps the book, the double doesn't refer to that someone being e.g. two people).
Also, in Bitcoin, there is actually no "double" bookkeeping taking place.
"Double" bookkeeping refers mainly to the tallying up of accounts, which is something that
does not happen in Bitcoin.
* weird, never noticed before that there's an English word with "ookkee" in it
I: It is a digital form of Double Entry Bookkeeping, deposits and withdraws with remaining balance on paper.
Luca Pacioli created it in 1494 and Satoshi Nakamoto digitized it on Jan 3rd 2009, now everyone owns a copy of the book that gets updated anytime someone does a transaction.
It is a system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.