I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.
For example, I will start with the obvious: Bitcoin is internet money
Is this a perfect explanation? Of course not. This is where you come in.
Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.
The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.
Make sense?
So I will repeat the starting point: Bitcoin is internet money
Bitcoin is the first cryptocurrency an ld it is a digital money you can use this to transaction very fast because it peer to peer actually bitcoin is money because you can convert it into fiat money / real money to buy anything that you want.
At its simplest, Bitcoin is either virtual currency or reference to the technology. You can make transaction by checking wiring, or cash.Bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the block chain.
Bitcoin is decentralized, anonymous, easy to setup,tax free and totally transparent. It is so fast and as currency used on different websites as well.