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Topic: What is bitcoin - page 33. (Read 7914 times)

legendary
Activity: 3374
Merit: 1824
October 14, 2017, 08:27:55 AM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

I have been always asked that question when I tried to share knowledge about bitcoin and its future. It turns out that still some people cannot understand what bitcoin is after you explained everything you know. I think there are people that are really not meant to be into bitcoin. Let us just leave it that way.  Maybe if they have at least a little interest in profits of bitcoin, they can learn it themselves by just searching on the internet. You can also provide some proof of what you gain in bitcoin, maybe a screenshot of your wallet containing the equivalent fiat of your bitcoin balance can make them interested.


I have the same experience and agree with you, there are people that are really not meant to be into bitcoin.
Some people even told me that bitcoin have no value, that it is not based on anything real and that it is a big fraud.
So, I just give up from explaning bitcoin to them.
sr. member
Activity: 938
Merit: 250
October 14, 2017, 08:26:48 AM
bitcoin is a helper for someone who want to fight on it.
everyone know bitcoin is currency that blablabla, but bitcoin is like something gold, we can earn, sell with high price, we can loss them in short time
member
Activity: 91
Merit: 10
October 14, 2017, 08:24:15 AM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

I have been always asked that question when I tried to share knowledge about bitcoin and its future. It turns out that still some people cannot understand what bitcoin is after you explained everything you know. I think there are people that are really not meant to be into bitcoin. Let us just leave it that way.  Maybe if they have at least a little interest in profits of bitcoin, they can learn it themselves by just searching on the internet. You can also provide some proof of what you gain in bitcoin, maybe a screenshot of your wallet containing the equivalent fiat of your bitcoin balance can make them interested.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
October 14, 2017, 08:16:54 AM
bitcoin as i heard created by nakamoto satoshi using internet connection in the technology as new digital cryptocurrency its called decentralized peer to peer digital currency its made to use online transaction payment wihtout control of central bank and bitcoin give to the people as of now a decent job and great earning including the knowledge how to get bitcoin income.
sr. member
Activity: 1033
Merit: 250
Leading Crypto Sports Betting & Casino Platform
October 14, 2017, 08:13:38 AM
Bitcoin is the first digital currency throughout the world - meaning, it is created and held electronically (i.e. computers). The good thing in bitcoin is that it is decentralized - meaning, it has no central authority, no banks, and you will not be charge of any transaction fees. You can use it as payment mode, and can be used in any part of the world unlike other currencies. Now, bitcoin's price increases and some says it will continue to rise as years pass by and possibly will be our future money. Also, bitcoin is received, stored, and sent using bitcoin wallet.

bitcoin is indeed an intangible digital money but we get a result that we can use for the economic needs that are currently in my area is always increasing.
so bitcoin we have a better life view.
newbie
Activity: 21
Merit: 0
October 14, 2017, 08:07:00 AM
Bitcoin is a digital currency based upon blockchain technology. Mining is the process used for bitcoin transaction verification and releasing more of them. Other than that, it has some extraordinary characteristics like high level security, decentralization, volatility, anonymity, fast cheap transactions and high profits.
member
Activity: 72
Merit: 10
October 14, 2017, 08:04:43 AM
   Bitcoin is a virtual or digital currency also known as crypto created by mysterious (and unknown) Satoshi Nakamoto. Bitcoin like any other currency, can be used to buy goods locally and electronically. However, bitcoin differs from conventional money because it is decentralized and completely independent. No institution controls the Bitcoin Network and is not associated with a country like the US Dollar. The entire network is managed by individuals and organizations called Bitcoin Miners. Bitcoin miners process and verify bitcoin transactions through mathematical algorithms based on cryptographic hash algorithms (hence the name cryptocurrency) SHA256
   Bitcoin is decentralized
There is no central authority that controls Bitcoin or its network of transactions. The miner community Bitcoin network, processing transactions. If any changes are made to Bitcoin by developers or developers using GitHub, a majority of 51% of the miners must approve it. This ensures that, in theory, no individual can steal a bitcoin or print (create)
sr. member
Activity: 252
Merit: 250
October 14, 2017, 07:40:51 AM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
many people ask me that what do i. regularly i post bitcoin in my social site. then i don't tell about it if ii see that curiosity high i add my group. regularly discussion about bitcoin and cryptpo currency. always i tell bitcoin is dream cause it give you golden future.
sr. member
Activity: 530
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
October 14, 2017, 07:30:51 AM
Bitcoin has many features but its quintessential function is a ledger, a way to keep track of debt. Yes there are functions of money like store of value, medium of exchange and unit of account, but BTC is a universally immutable public ledger.
member
Activity: 63
Merit: 10
October 13, 2017, 11:35:49 PM
Bitcoin is the first digital currency throughout the world - meaning, it is created and held electronically (i.e. computers). The good thing in bitcoin is that it is decentralized - meaning, it has no central authority, no banks, and you will not be charge of any transaction fees. You can use it as payment mode, and can be used in any part of the world unlike other currencies. Now, bitcoin's price increases and some says it will continue to rise as years pass by and possibly will be our future money. Also, bitcoin is received, stored, and sent using bitcoin wallet.
sr. member
Activity: 2590
Merit: 452
Enjoy 500% bonus + 70 FS
October 13, 2017, 11:10:50 PM
I'd just say that it's something like an online currency. I'd also tell them they could invest in it, mentioning the meteoric rise in value along with the sharp dips. For in-depth lessons, Google could do a better job than me.
the development of bitcoin is increasing, and the increase is skyrocketing .. bitcoin increasingly in hurry to join, and how to join the right you can learn it through google that will explain it in detail..my own very enjoy it there and happy ..
hero member
Activity: 658
Merit: 500
October 13, 2017, 12:26:52 PM
bitcoin is processed like fiat money where if we want to get bitcoin we have to work for it but the difference is it’s a digital currency with no physical form and we store it in online wallet like a purse in real world but it’s private with personal data unknown for other people. If we forgot our password our wallet won’t take our bitcoin because there is no forgot password system like in most websites.
hero member
Activity: 826
Merit: 501
October 13, 2017, 10:34:20 AM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
Bitcoin is our future money. It is also called a type of cryptocurrency. Bitcoin is decentralized and can be used as the mode of payment in some businesses or stores. It can also be use to send some funds wherever you are and or whenever you want to. Bitcoin also increases its value by itself. And I am hoping that as much as possible, people must know this already, especially to those people who are lacking some money, they must work in bitcoin.
I absolutely agree that, bitcoin is our future money and currency. In addition to that, bitcoin is the father of all cryptocurrency and we all know that it is the first cryptocurrency. Lastly, I hope it would become our future money because it is acceptable in many transactions.
A bitcoin is an electronic money or cryptocurrency. it was develop by a japanese name satoshi nakamoto of 2009, it is said that this was designed and created for no middle man, no banks, no transaction fees and even does not require your real name. it is an electronic currency that fastly circulated along the globe in a blockchain.
sr. member
Activity: 562
Merit: 250
October 13, 2017, 09:06:31 AM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
Bitcoin is our future money. It is also called a type of cryptocurrency. Bitcoin is decentralized and can be used as the mode of payment in some businesses or stores. It can also be use to send some funds wherever you are and or whenever you want to. Bitcoin also increases its value by itself. And I am hoping that as much as possible, people must know this already, especially to those people who are lacking some money, they must work in bitcoin.
I absolutely agree that, bitcoin is our future money and currency. In addition to that, bitcoin is the father of all cryptocurrency and we all know that it is the first cryptocurrency. Lastly, I hope it would become our future money because it is acceptable in many transactions.
full member
Activity: 196
Merit: 102
October 13, 2017, 09:03:35 AM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.
Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority.
full member
Activity: 452
Merit: 101
October 13, 2017, 08:47:50 AM
Bitcoin is a digital currency which help you to earn more. It can play the same role as money and gold
Bitcoin is money that no one can control it except the users. Yes it is digital currency which has limitation in the amount that makes it prices rise due to deflation. It is worth such as gold and even more.
newbie
Activity: 44
Merit: 0
October 13, 2017, 08:15:08 AM
Bitcoin is known as CryptoCurrency. It is an online hidden currency. Which you can access anywhere with any Internet supporting device. Bitcoin helps us live an independent life. Bitcoin makes us economic strong. Bitcoin is one kind of digital money. No age limit required to do this job nor any experience certificate.
sr. member
Activity: 403
Merit: 250
Less is more
October 13, 2017, 08:08:53 AM
Bitcoin is simple to understand the cash which you cannot see and hold, which makes bitcoin as a virtual currency. Every transaction like buy, sell, send and receive held electronically through a network which operates on the blockchain.
True. Bitcoin is a cryptocurrency which brings trust to many people. It is the safest digital nowadays. Bitcoin likes the job that we are trading. It is just different that one is cryptocurrency and one is fiat money. However, you can convert Bitcoin into fiat money if you want.
legendary
Activity: 1414
Merit: 1001
October 13, 2017, 07:50:09 AM
If someone ask me something about bitcoin I...wake up Grin
bitcoin maybe if anyone asks is difficult to explain, because it takes a really understanding that can be understood .. bitcoin money is not in the form of money, work through the internet transact in exchange for in making money .. all that there is a process of what results which is done inside bitcoin .. bitcoin is very helpful and can realize the desire ..
In essence Bitcoin is a digital currency that does not look its shape. bitcoin has a centralized system and can be accessed wherever we are. currently bitcoin is an investment most widely used by many people. I strongly recommend to everyone that we should be able to share information about bitcoin to others, as this can make bitcoin even more widely known and trusted.
sr. member
Activity: 994
Merit: 257
Best Bitcoin Casino www.coinsaga.com
October 13, 2017, 07:49:09 AM
What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.


Bitcoin is one of the most expensive currency all over the world. It is not widely accepted, though. However, some countries are still reluctant about the whole idea of bitcoin. For me, it is one of the best thing that happened in this world. Lol. Grin
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