Bitcoins, also known as BTC, is a operated on a decentralized platform. It is created by an unknown person or group which goes by the name Satoshi. It was the only coin in the market and has literally created the crypto market. And till now, it is the best coin to invest in.
Yes that's right. Bitcoin is a digital currency. It is only virtual but it can concerted to a real money. It is the king of all crypto currencies. 
Topic: What is a good way to concisely explain Bitcoin? (Read 1779 times)
Bitcoin is a new type of currency that will replace all currencies that currently exist. Bitcoin is not controlled by anybody except you and is the safest currency on the planet. I think this is the most complete definition for Bitcoin.
Bitcoin is a cryptocurrency that uses blockchain technology to grow the platform.
The "gold" in the Internet, this is what I often explain to my friends. Although Bitcoin does not realize the replacement of gold, it is moving toward this goal!
Bitcoin is a cryptocurrency that uses blockchain technology to search for. And it's quite scarce.
Bitcoin is a decentralized blockchain or electronic currency which is a open project and not under any government or association. It is world's first cryptocurrency.Everyday billions of people are trading here.
Bitcoin is the first digital currency whose idea was created in 1991 but was implemented by Satoshi Nakamoto in 2009.It is the most secure currency on the planet and ends the involvement of banking.Moreover it is controlled by you.You can earn coins just by sitting at home basically in your comfort.Anywhere anytime,you can earn coins.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
I prefer black text, the color of this post makes me rather uncomfortable What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
I found the following: "Bitcoin is digital money that is tamperproof and openly traded." Short and precise in my opinion.
For more information about it, I highly recommend the following article (It's actually exactly about how to explain Bitcoin in short
)https://www.linkedin.com/pulse/how-perfectly-describe-bitcoin-anyone-one-short-sentence-dryall
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
I know your pain, i have exactly the same. Its hard to tell someone what bitcoin is, because you have no idea where to start. If you will be too much vague it will make no sense at all to person listening to you. What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
Its revolutionary technology without central authority as store of value/currency. Not even sure which one
Bitcoin was invented as a peer-to-peer system for online payments that do not require a trusted central authority. Bitcoin is the first digital currency that is completely distributed. But I think many people know it as the technology behind Bitcoin, but blockchain potential uses extend far beyond digital currencies. However, often I'm asked to explain bitcoin to someone and occasionally I come up with something stellar that really nails it, but most time it's rambling incoherent.
Bitcoin is an encrypted digital currency that was released in 2008. It can be exchanged and traded directly with any Internet-connected device without the need of a financial intermediary. , no one managed, the transaction is completely done immediately & anonymously.
Bitcoin is a creation of Mr. Satoshi Nakamoto based on Blockchain technology, was born in the world economic crisis of 2008. Desire is to replace paper money in the future. Transfer of the right to issue money from the government through the people.
Bitcoin is not a virtual currency but a real money or another means of "cryptocurrency". Many people who are new to information or do not have enough information or call bitcoin is a virtual currency, this way is easy to mislead people who do not know about bitcoin.
Bitcoin is a real-valued electronic currency that can be bought and sold or exchanged without any control.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
Bitcoin is a digital currency.You can have transaction without history.All of your information is hidden.It dont have taxes unlike other banks.You can earn on this too by joining some campaigns.
I usually explain this to friends and colleagues around me. Bitcoin is a way to pay for blockchain merchandise. It is a symbol of freedom because it is not controlled by anyone or the government!
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
At present, Bitcoin information is quite popular and widely spread on forums, websites, people who do not know Bitcoin can take the time to read articles or study about it easily. I think you do not need to post to ask this question. What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
I lost people when I tell them about distributed decentralized ledger blockchain - the technology that powers Bitcoin and ensure data integrity. I find it difficult to explain to people and they get lost most of the time.
Then i just tell them that it BTC is a invisible gold.
Then i just tell them that it BTC is a invisible gold.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
Maybe if i were you, i would explain like this:What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
Bitcoin is a kind of digital currency that has the same currency value that can be traded like usd, poundstering, etc,
the difference is because of bitcoin is digital currency so there is no physical form like physical currency.
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