Topic: Tired of trying to explain what is Bitcoin and Blockchain? (Read 626 times)

Good article , it will help newbies to understand what is cryptocurrency and black chain technology, sharing information is good thing which will benefit users thsoe who are very new to bitcoin and some things like difference between on alt coins vs bictoin also needs to be explained.
 

try to build some of social network like facebook and twitter, instagram, weebly, blog and another web 2.0. this will help you to spread your word. and don't forget to ping your article after you finished posting. this will be better if you can take the rss feed and submitted into rss feed directory so every time you make article, this will automatic send into rss directory and tell the rss that your social network and your web 2.0 is updating.

What is Medium?Another social network or web 2.0.

I wouldn`t click that link because  i don`t have antivirus program right now.

It`s good that you are trying to explain and promote bitcoin.

Great article, but I want to differ from you with this statement " There is also another method of offline storage; however, it is rarely used. " In my view, most Bitcoin are stored offline, because it is the most secure way of storage. Yes, the newbies store most of their coins in online wallets, but as soon as they realize how flawed that method is, they switch to offline storage. < Paper wallets >

At my place, bitcoin still not familiar with my people. I ask every friend about bitcoin and mostly still not know or aware about bitcoin.
OP explanation will help my people so they will be attract on bitcoin. When they already know the power of bitcoin, they can invest and hold bitcoin as much as possible

Nice. I hope people would do their own research and stop asking on every forum.

I am not tired to introduce them, I have a good video to show the new people, they will watch it and understand the concepts.

i understand your premiss.
but something like "what is bitcoin, blockchain and cryptocurrency" which i thought the article was purely about due to the title of this forum topic. i was expecting a different answer.

specifically talking about this forum topic and also addressing another issue i came to in regards to your flim flam understanding of money vs currency, it can be explained much simpler starting from the top down explaining each level and all main forms of finance

currency is the biggest umbrella term there is in finance. literally anything can be a currency.
cigarettes in prison, alcohol for favours, money, assets commodities. as long as one person has what another person wants.. its a currency.

  money this is a type of currency recognised in a larger group, usually nationally/internationally and usually managed by institutions.
  though there are some exceptions to that rule,
  money usually has a logical and semi fixed rate of exchange to ensure everyone nationally or internationally can use it healthily.

  assets these are not nationally or internationally used as a common form of currency, more independent/specialised currencies
  but they do hold significant value due to what the particular item offers. antiques, jewellery, investment, basically if you own it its an asset.

  commodity these like assets, are not nationally or internationally used as a common form of currency,
  but do hold value due to what they are, which in the loosest term are raw materials used to make other produce.(wheat, beef, oil, gold)

  physical currency, can be physical money(bank notes and coins), physical assets(antiques, prison cigarettes, gold)

  digital currency, can be
  computerised money(bank balances), computerised assets(shares portfolios) online value(paypal, western union) and cryptocurrency(bitcoin)

    cryptocurrency is the new category of digital currency specifically secured by cryptographic keys,
    within this category you can have

      smart contracts is a new form of transacting by any number of parties signing in agreement.
      this can be centralized by storing the contract only on the computers of the individuals involved or
      this can be decentralized by storing the contract publicly to avoid disagreement or loss of contracts should any one contractor have issues

      blockchain is a block of data(ledger) chained to a previous block of data(ledger) using encryption
      this makes it harder to not only break the encryption of a block but the links of the chain each block of data relies on.
      they can be kept locally(centralized) to ensure no individual employee within a company can edit the data alone
      or copies are distributed(decentralized) to many people that can easily check against each other as an extra level of security
      by there being no single copy, thus further reducing the risk of editing, and also data loss due to hardware corruption and or viruses

        bitcoin uses
        digital technology to free it from borders, and physical issues
        cryptographic keypairs to secure the funds
        encryption to secure the blocks
        chains to decrease the ability of editing a block because it relies on the previous blocks integrity
        decentralisation to further reduce the chances of corruption, data loss or security issues
        bitcoin presently(not institutionally recognised or mainstream accepted) is defined as an digital asset currency

Bitcoin and Blockchain both are two different thing.bitcoin is cryptocurrency and Blockchain is technological innovation of bitcoin.well your post is nice but there have little misunderstanding someone explain better.hope you will continue update this topic.thanks

Hey mate Its really good,  please try create one video article and release it on your famed YouTube channel. That would be more appreciated then a article or blog. However to see a newbie member it's really great effort.

Very good.As far as sharing BTC & BC information through forum or any other groups or personally I am very pleased to share because while sharing information I get confident & update .This may chance to improve to build my income .

Great reply, you are right, but the article is aimed specifically at cryptocurrency created from the use of Blockchain technology.
I've used the Bitcoin as an example in the article to make clear that the article is not widespread and is not trying to promote the scammers. 

In whatever manner its been explained, the interested person learns it even if the description is not upto the mark. For this reason its better to develop video files, so to grab the attention of users easily. Also people understand it in a better way.

Hello shinratensei_, I'm already doing it, just posted here for Bitcointalk community to share to friends and relatives, a quick and easy way to learn about Bitcoin and Blockchain.

this is not quite accurate..
cryptocurrency doesnt need to be decentralized (take some centralized coins already thrown about, in the altcoin section)

some of these coins dont even need to be in blockchains (take some scam coins already thrown about, in the altcoin section, take offchain solutions).

in short think of cryptocurrency as an umbrella term for currencies that simply use cryptographic keypairs to secure funds.
under this umbrella term are then other categories.
centralized or decentralized.
blockchain or multisig
third party or single party control
or a combination of all of the above

where obviously decentralized coins rely on blockchains to ensure immutability and security of data manipulation.
where obviously centralized coins don't necessarily need to rely on blockchains.

for instance there are some centralized coins (liquid) where nothing is mined. but signed as a large X of X multisig transaction using cryptographic keypairs that represent transactions internally swapped by the exchanges allowed onto that network to sign. but keeping the previous signed transaction as a 'transaction history' ledger(thus loosely a blockchain).

even lightning network is just an offline multisig signing network. it doesnt even have a blockchain, it just updates the balances and deletes the previous transaction held offline by those involved, and when its timee to settle. its transmitted as a tx to bitcoins onchain network.

but in both cases they are still part of the 'cryptocurrency' umbrella even if they involve centralized networks or third party agreement

Nice share, but will better if you're wanna for trying publishing your article in social media. that will more reaching the people is no know about bitcoin,blockchain, and technology.

Hey guys I wrote an article explaining what is cryptocurrency and Blockchain, I tried to resolve all doubts I had when I entered the cryptocurrency world.

https://medium.com/@neylor/eletronic-money-or-cryptocurrency-is-real-6beeebecc725

Feel free to share. Let make the community even bigger.  

In my Medium profile I published the article in English, Portuguese and Spanish.