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Topic: What is a Bitcoin? (Read 838 times)

member
Activity: 84
Merit: 10
January 24, 2014, 01:48:43 PM
#11
hero member
Activity: 658
Merit: 500
Small Red and Bad
January 24, 2014, 12:43:31 PM
#10
Currency of the future Smiley
sr. member
Activity: 476
Merit: 251
COINECT
January 24, 2014, 11:00:22 AM
#9
A single unit of a number associated with a hashed cryptographic key stored in a particular data structure hosted by a particular decentralized network

But that's pretty boring.
hero member
Activity: 1372
Merit: 783
better everyday ♥
January 24, 2014, 10:54:06 AM
#8
It's the unholy union of banks, western union, gold, and Paypal.

Think Blade for Vampires, all of their strengths, none of their weaknesses.  We live in an increasingly online world, only makes sense to have a completely online method of payment/storage.

Especially with Coinkite or Bitcoin paper wallets for the traditionalists that need physical "cards" or "paper" to use day to day transactions, there really isn't that steep a barrier of entry.

Google knows this, so they're taking preliminary steps with BTC integration.  Amazon, Apple, and eBay are the big ones.  Any of those jump in...

BTCBTCBTC  for all my Bitpeople!   Grin
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
January 24, 2014, 10:25:51 AM
#7
Bitcoin is like..

Blockbuster vs Netflix/RedBox
Public Library vs Google/Yahoo/Bing
Cable vs Streaming
CD vs USB

..and?

It's just like money/Paypal but better.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
January 24, 2014, 10:21:00 AM
#6
It is a compound word that combines "bit" and "coin"
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
January 23, 2014, 09:54:46 PM
#5
Blockbuster vs Netflix/RedBox

Netflix/iTunes vs magnet links/Pirate Bay/Slysoft

Governments/banks/corporations/military vs freedom/liberty/individuals/dignity
sr. member
Activity: 280
Merit: 250
Coolness: ∞
January 23, 2014, 09:29:58 PM
#4
horse vs. superbike

or like human vs robot
legendary
Activity: 1106
Merit: 1007
Hide your women
January 23, 2014, 09:15:29 PM
#3
horse vs. superbike
legendary
Activity: 2268
Merit: 1278
January 23, 2014, 09:12:02 PM
#2
Local library/Internet.
Mail/Email.
Banks/Bitcoin.
sr. member
Activity: 280
Merit: 250
Coolness: ∞
January 23, 2014, 08:55:54 PM
#1
Bitcoin is like..

Blockbuster vs Netflix/RedBox
Public Library vs Google/Yahoo/Bing
Cable vs Streaming
CD vs USB

..and?
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