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.
I think it really to concisely explain bitcoin with somebody, Maybe before that they might have heard of it like a cheating program on TV and they may be careful. Often people who research about it will be the ones who know clearly.
First, you agree with me that:
The process of learning Bitcoin is really difficult for beginners. Right?
I also experienced that stage so I understand that feeling. Submerge in a dozen new information.
But I realize that there are not many people who write about Bitcoin in an understandable way. I will explain to you like this:
Bitcoin or BTC is the first electronic currency in the world and lays the foundation for the development of the cryptocurrency market.
Bitcoin cannot be created but you can only claim - otherwise known as Bitcoin.
Unlike paper money. Bitcoin cannot be faked.
Extremely low transaction fees.
The security of Bitcoin is high security.
Where is the real value of Bitcoin? The most plausible answer to this question is the technology behind Bitcoin - Blockchain.
The process of learning Bitcoin is really difficult for beginners. Right?
I also experienced that stage so I understand that feeling. Submerge in a dozen new information.
But I realize that there are not many people who write about Bitcoin in an understandable way. I will explain to you like this:
Bitcoin or BTC is the first electronic currency in the world and lays the foundation for the development of the cryptocurrency market.
Bitcoin cannot be created but you can only claim - otherwise known as Bitcoin.
Unlike paper money. Bitcoin cannot be faked.
Extremely low transaction fees.
The security of Bitcoin is high security.
Where is the real value of Bitcoin? The most plausible answer to this question is the technology behind Bitcoin - Blockchain.
Concisely you can say it is a digital currency that is alternate to the fiat money
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.
For me bitcoin is a digital currency, you can receive and send money all over the world through internet. 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.
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.
If you are allowed to use visual tools in your explanation, try this: https://www.cryptowisser.com/cryptocurrency-explained-in-pictures/
Good luck!
All the best,
Cryptowisser
The truth is that there is no easier way to explain bitcoin. Most of the people I always explain to end up getting more confused. Or should I say that their not believing in bitcoin make them not to ever get it even it you explain it.
Simply saying bitcoin is more of an Internet money not physically touched. Can be used to to send and receive money in any parts of the world and received in seconds.
Simply saying bitcoin is more of an Internet money not physically touched. Can be used to to send and receive money in any parts of the world and received in seconds.
Bitcoin is completely decentralized and just the individual who got it, controls it and nobody else. It is the world's first digital money. It is an exceptionally beneficial venture for its clients since they can profit effectively and rapidly in exactly how long for bitcoin can restore your cash and benefit for you or basically you can state that bitcoin is a virtual or digital currency which isn't controlled by any government or nation.
Bitcoin cannot be understood for the normal people who don't use the internet so you can give them an education for the internet first before explaining bitcoin.
What is Bitcoin?
To many, Bitcoin is the face of the cryptocurrency market, and for quite a few, it remains the only cryptocurrency they know.
Bitcoin: The Basics
The first to come into the spotlight, Bitcoin is a decentralized, blockchain based cryptocurrency.
It can be transferred from person to person, without the use of a financial institution, such as a bank. This is called a peer-to-peer transaction and eliminates the need for a middle-man.
All transactions are recorded and stored in a ‘ledger’, which is the blockchain. These are not stored in a single server but are distributed across the network, thus making them decentralized, and safe from unauthorized modifications.
In January 2009, an individual or a group of individuals using the pseudonym Satoshi Nakamoto released the source code on SourceForge.
In 2010, Nakamoto handed over the Bitcoin network to Gavin Andresen, who then sought to decentralize it.
To many, Bitcoin is the face of the cryptocurrency market, and for quite a few, it remains the only cryptocurrency they know.
Bitcoin: The Basics
The first to come into the spotlight, Bitcoin is a decentralized, blockchain based cryptocurrency.
It can be transferred from person to person, without the use of a financial institution, such as a bank. This is called a peer-to-peer transaction and eliminates the need for a middle-man.
All transactions are recorded and stored in a ‘ledger’, which is the blockchain. These are not stored in a single server but are distributed across the network, thus making them decentralized, and safe from unauthorized modifications.
In January 2009, an individual or a group of individuals using the pseudonym Satoshi Nakamoto released the source code on SourceForge.
In 2010, Nakamoto handed over the Bitcoin network to Gavin Andresen, who then sought to decentralize it.
Yes, there are a lot of new investors joining the market in the last year. I have encountered the same problem as you. It's hard to explain to these new investors what bitcoin is. I suggest that it is a good way for them to get a quick understanding of the world.
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.
You can explain, bitcoin is a virtual currency that can be a means of payment, but other than as a means of payment, bitcoin can also be used for investment because its value is increasing. I think it's easier to accept.
Always tell them the truth about bitcoin. Dont make stories which is not acceptable in the eyes of new comers and newbies in this kind of currency field. Always spread good news so that they can decide wether they should let themselves to be involved with bitcoin or not. The best way to explain bitcoin is showing them thw output of your hardworks while using bitcoin.
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.
BTC is a virtual currency used for sending a monetary amount that does not involve government intervention.
Thus, it will not incur taxes and it is favorable especially for businesses.
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.
For me, I think the good way to explain bitcoin is to tell them that bitcoin in an online or modern investment. Whey they invest money, they will gain a profit higher that what can company give but they need to have patience in waiting.
Thanks for your query. Well bitcoin is simply kind of money actually digital currency which is completely distributed and not controlled by any government or any organization rather it is an open source kind of project.
explain bitcoin as it is. The simpler the better because not everyone can understand such complicated things. Tell them that it is a currency that runs digitally and no one controls it. When they ask questions, that means they are interested and that's when you have to answer them one by one bitcoin will also be used by all countries as proof of their transaction because bitcoin is our most valuable asset in this world
It is not easy to explain Bitcoin to a layman who really does not understand Bitcoin, there are those who can accept some who argue that it is fraudulent. for me explain just like your inquisition, if indeed the person can not accept it, then do not in force.
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.
btc is a bitcoin that can be traded in digital currency and can be done transactions that receive btc as a means of payment in their place 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 think there are many ways where you can find out more about Bitcoin. Now peoples are focusing on blockchain platform beside this you can also look at the summary of the whitepaper and I think you will find how special, big, simple the bitcoin is.
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.
how about going through an article that explains in detail about bitcoin.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.
it is the most effective way, but you should make the article short and clear.
Since Bitcoin is an alternative digital currency so that no government controls it. You will find very brief explanations on the forum on Bitcoin. I think you can also find more explanation through google or other blogs.
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.
Bitcoin have many explanation, The meaning is depend to the human status for example the investor the meaning of the bitcoin for she or he is crypto currency that can use on online platform, to Ordinary people bitcoin is a part of online business. In Overall the meaning of bitcoin is a currency that can be used on investing,trading and etc. 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.
You can simply make them understand that bitcoin is just a digital currency on which there is no one’s control except you. You just own your own money and also the government has no control in it.
bitcoin is a currency that is not real and has a high price, that's all .....
to explain bitcoin to ordinary people sometimes is quite difficult, but I explained that bitcoin is a digital currency used in commerce that uses internet network.
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.
Bitcoin is a representation of blockchain technology and Bitcoin was created for the purpose of paying for internet services. In addition to using for billing purposes, Bitcoin is currently being used as an asset, and everyone wants to buy Bitcoin and hold in their wallet.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 an easy payment tool that can be used all over the world and across the continent.
Bitcoin currency is not known in the banking system and is not related to the government.
Bitcoin currency is not known in the banking system and is not related to the government.
Briefly explain: Bitcoin is electronic money, decentralized government can not control and create bitcoin. It uses blockchain technology security and security. All transactions are transparent on blockchain and no one can modify the transaction as current currency to cheat.
That reminds me of the first time I heard of bitcoin. I really hear the last word "coin". That was on campus when a friend of mine visited me. We were both broke and had no cash on us. But we were eager to enter into business to earn some money. After I had cooked for him to eat, he said his brother was into a mining business and they deal in bitcoin and really earning big. I thought bitcoin was a newly discovered mineral for the mineral mining sector. Then a day after I heard the price of bitcoin on the business new. Oh, how can I be so naive. Bitcoin was no mineral. Probably i got confused because of the mining I heard. The only simple way I understood Bitcoin is that it is just a digital currency that can be mined, traded for fiat, and for payments of online services. It is not controlled by anybody.
btc can be regarded as a digital currency that can be made as a digital asset, wherein an asset, the price is somewhat fluctuating, can rise and can go down, but when viewed in terms of long-term, this asset can still develop
Bitcoin makes it easy for you to move money, Bitcoin is a payment system, just like a bank transfer or credit card method, but Bitcoin is a bit better.
Bitcoin is an alternative digital currency that there's no government who controls it.
You can search in the forum pretty concise explanation on what bitcoin really is.
Sets of pretty simpler explanations are also in google by just doing it within few seconds.
Bitcoin is a cryptocurrency that was very profitable and beneficial. It was decentralized where no one can control it evern the government. Its price was volatile which means there is an up and down on its value. If you really want to explore more things about it just keep reading different thread about here. You can search in the forum pretty concise explanation on what bitcoin really is.
Sets of pretty simpler explanations are also in google by just doing it within few seconds.
You can explain with several examples relating to what an individual can visualize with thought pattern, though it is
much easier for an individual that has a basic technical knowledge, Explain base on the old policy of trade by batter, meaning, you exchange you fiat for another form of currency that is digital,which you cannot see unlike fiat, but can be confirm from your wallet, also Bitcoin is also a basic answer to the cashless policy advocated globally.
much easier for an individual that has a basic technical knowledge, Explain base on the old policy of trade by batter, meaning, you exchange you fiat for another form of currency that is digital,which you cannot see unlike fiat, but can be confirm from your wallet, also Bitcoin is also a basic answer to the cashless policy advocated globally.
It will be quite hard to make a non technical person understand bitcoin properly. In short words, bitcoin a kind of digital currency which is free from third party control.
Yeah when people are coming from a non-technical side they will most likely get confused if anything to do with [Suspicious link removed]es up. So it's probably best not to mention that unless they ask how it is secured, you can say "There's a unique algorithm type coding that's called blockchain. It requires multiple validations and is hard to crack" or something like that.
But I would focus on the more social aspects of bitcoin. Like the fact that you have complete control over it, and the banks cannot influence it. It's value is determined by the people who invest in it only.
Maybe about the virtual nature of it too, but this could certainly be confusing for some.
But I would focus on the more social aspects of bitcoin. Like the fact that you have complete control over it, and the banks cannot influence it. It's value is determined by the people who invest in it only.
Maybe about the virtual nature of it too, but this could certainly be confusing for some.
For non technical bitcoin can be explained to him as the most renowned digital currency that is used for transaction and with high potential of not making their holders poor
The best short explanation is that it's electronic money of the Internet. Money independent of banks and governments not controlled by anyone. Some people are comparing it to virtual gold because it doesn't depend on banks and local economies and its amount is limited.
Bitcoin is a virtual currency that is not backed by any country's central bank or government. It can be traded for goods or services with vendors who accept Bitcoins as payment. Bitcoins are stored in a digital wallet, which also holds each address the user sends and receives Bitcoins from, as well as a private key known only to the user. The network is designed to generate approximately 21 million Bitcoins and the network is set up in a way to deal with inflation
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.
Bitcoin is a representation of blockchain technology and Bitcoin was created for the purpose of paying for internet services. In addition to using for billing purposes, Bitcoin is currently being used as an asset, and everyone wants to buy Bitcoin and hold in their wallet.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.
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.
To me, Bitcoin is the only asset that helps me to be rich. Although Bitcoin is volatile, I think this is a good opportunity to make a lot of profit in the short term. Some people call Bitcoin a bubble, but I never care about what they say about BitcoinWhat I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
To explain in a short and easy way, Bitcoin is electronic gold. You buy gold at low prices then sell gold when gold prices rise. Bitcoin has some similarities to gold. Everyone is investing in Bitcoin with the expectation that Bitcoin prices will rise
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.
To me, Bitcoin is the only asset that helps me to be rich. Although Bitcoin is volatile, I think this is a good opportunity to make a lot of profit in the short term. Some people call Bitcoin a bubble, but I never care about what they say about BitcoinWhat 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 the suitable to invest all the time if you feel this is your time. Just close your eyes and invest your money completely on it buddy.
Explaining about the bitcoin to others will make you more stronger in holding since the price increasing in the market.
All the way to explain the bitcoin with the mastering bitcoin will be work better than anything.
Explaining about the bitcoin to others will make you more stronger in holding since the price increasing in the market.
All the way to explain the bitcoin with the mastering bitcoin will be work better than anything.
bitcoin is a digital currency. No bills to print or coins to mint. It's decentralized -- there's no government, institution (like a bank) or other authority that controls it. Owners are anonymous; instead of using names, tax IDs, or social security numbers, bitcoin connects buyers and sellers through encryption keys. And it isn't issued from the top down like traditional currency; rather, bitcoin is "mined" by powerful computers connected to the internet.
the author asked a very interesting question. Since I also find it difficult, how to more clearly and in detail tell my friends about bitcoin. They do not understand me. It is very interesting to read what will be written in this thread
I think that btc can be easily explained if you know at least something about the crypto world. to my mind, it is possible to explain it in several simple terms as it is not as easy as ABC for children only
Bitcoin is a virtual currency that is not backed by any country's government regulations. It can be accepted if both parties are willing to accept and pay in means of Bitcoins.It deals with inflation, and monetary value, but is a digital coin and stored in a digital wallet itself, for the ease of its users, with special pins to access and use it.
There are so much you can say about bitcoin but giving you all details will sure put your brain not taking it all, I really think it is good to just say what you really know, And don't claim anything that you truly not know, It is alright in the first day because you are teaching a newbie that are not really familiar with the technology of bitcoin, So I really think the right think to push forward towards it is to put the basic first, The wallet he can use, How he can earn bitcoin, And I think experience will really take over and he will know about it from time to time and by just guiding him through his way.
Bitcoin is the next evolution in a currency. 
We were riding on horses and then the first automobile was manufactured and this is the equivalent to us using paper money
and now taking that paper money and replacing it with a much better, digital upgrade. Bitcoin is Cash version 2.
The only difference is that Bitcoin is not being issued and controlled by a government.
We were riding on horses and then the first automobile was manufactured and this is the equivalent to us using paper money
and now taking that paper money and replacing it with a much better, digital upgrade. Bitcoin is Cash version 2.
The only difference is that Bitcoin is not being issued and controlled by a government.
the first thing is who I think anonymous is placed a pseudonym satoshi nakamoto he created this virtual currency encrypted in a chain of blocks that can not be duplicated that there are 21 million that you can keep in a wallet at home or on the phone or any device even your paper money you handle your money does not need banks to buy a product or make a payment is from wallet to wallet and totally safe that arrives and useful in all countries of the world that is global you can use it in your country or in any other has no border
Bitcoin is a digital currency based on decentralized platform. The technology on which this platform is based is blockchain. Basically Btc removes the need of third party for purpose of transactions. The transactions done through BTC are anonymous and secure and does not reveal any information about sender or receiver. Transactions done via BTC are free from third party interference such as banks, money transfer, financial institutions, etc.
Bitcoin is the best digital currency in the world and bitcoin is also the world's first cryptocurrency currency, bitcoin is a very profitable investment for its users because they can make money easily and quickly in just how many years for bitcoin can return your money and profit for you, bitcoin will also be used by all countries as proof of their transaction because bitcoin is our most valuable asset in this world
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.
Simply you can say that Bitcoin is a virtual or digital currency which is not owned by any government or country. It is totally decentralised and only the person who bought it, controls it, no one else.
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.
You should explain bitcoin as it is. The simpler the better because not all people can understand such complicated things. Tell them that it is a currency running digitally and there is no entity that is controlling it. By the time that they ask questions, it means they are interested and that is the time you should be answering them one by one. 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.
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.
There's so many ways to say it but you're right, it's often rambling because people focus on the tech, people focus on blockchain, but really, those are the things going on behind the scenes of Bitcoin. You should look at the whitepaper summary for an idea of why Bitcoin was so special but the simplest and biggest way Bitcoin is different to me is:
With Bitcoin, only you control and own your own money, not anybody else. Imagine paying something or sending someone money, and knowing that only the exact amount of money you decide to spend goes exactly to the person you wanted to pay. No one else outside can ever control it, or take it from you, or return it to you. And the receiver will always get your money, in the exact amount you send. This concept is still new today as it was 10 years ago.
People might ask, how is this different from me giving someone $1 or sending paypal money? Then you go into the details, of how banks or other parties are the ones who take your instruction to pay someone and settle the payment elsewhere.
With Bitcoin, only you control and own your own money, not anybody else. Imagine paying something or sending someone money, and knowing that only the exact amount of money you decide to spend goes exactly to the person you wanted to pay. No one else outside can ever control it, or take it from you, or return it to you. And the receiver will always get your money, in the exact amount you send. This concept is still new today as it was 10 years ago.
People might ask, how is this different from me giving someone $1 or sending paypal money? Then you go into the details, of how banks or other parties are the ones who take your instruction to pay someone and settle the payment elsewhere.
Bitcoin is an alternative digital currency that there's no government who controls it.
You can search in the forum pretty concise explanation on what bitcoin really is.
Sets of pretty simpler explanations are also in google by just doing it within few seconds.
You can search in the forum pretty concise explanation on what bitcoin really is.
Sets of pretty simpler explanations are also in google by just doing it within few seconds.
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.
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