Topic: What is bitcoin - page 39. (Read 7914 times)
I have explained what is bitcoin, especially to my family, I have explained but they are still ignorant know the ancient people do not understand the technology. maybe later it's time i can how to introduce bitcoin on them.
Bitcoin is the payment system of the future, I'm sure someday the bank's function will soon be replaced with bitcoin so that everyone is free to control the transaction whenever and wherever. I hope soon there is clarity about the future of bitcoin that all countries immediately legalize bitcoin.
Bitcoin is decentralized and bitcoin can be used as the mode of payment in some business and also bitcoin can be used to send some funds wherever you are whenever you want,. bitcoin is increasing the value itself,
I agree with your opinion, and there is a little extra opinion from me that bitcoin is a virtural money currency developed by many people and bitcoin currencies like rupiah or dollar, but only available in the digital world. The concept sounds like eGold, though it's really much different. 
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.
If anyone asks me what bitcoin is, I would say a few special points of bitcoin. If they want to learn more deeply, I will give them materials to find out for themselves. Want to know what bitcoin is, the fastest way is to learn through google, video, newspaper ... I do not think I have enough time to explain thoroughly 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.
Whenever I got ask about it I would just simply tell them that it is a crypto currency,
And if they still continue to ask I would tell that it is a money in the internet .
Yeah you are right that bitcoins are a type of crypto currency which were developed in 2009 by a Chinese named Satoshi Nakamoto. He developed this currency to give the concept of decentralized economy to the world and the concept of virtual money which more secured than the physical money. And if they still continue to ask I would tell that it is a money in the internet .
For me bitcoin is a digital currency that have a big potential now and in the future
With bitcoin we can pay services with privacy settings & earn money, what we need more?
bit coins is a type of de centralized currency progressing by leaps and bounds and in present world of digital dealing it is one of the best asserts now days people can perform online shopping with this crypto currency with no text on from any system and one can also make secret transactions so people come and make your future better With bitcoin we can pay services with privacy settings & earn money, what we need more?
I would tell them all of the things I know about Bitcoin. I will start with what Bitcoin truly is. I will tell them why it is created. I will also them its advantages and disadvantages. To make them believe more, I will show them examples like companies or businesses accepting Bitcoin and benefits that may be gained with the use of Bitcoin.
Bitcoin is decentralized and bitcoin can be used as the mode of payment in some business and also bitcoin can be used to send some funds wherever you are whenever you want,. bitcoin is increasing the value itself,
We all know that bitcoin is a decentralized and I agree that it can be used in any kind of transaction like paying bills and shopping on online store. Furthermore, bitcoin is a digital currency and money and I think it will become our future money. Lastly, bitcoin is a good investment. 
I think bitcoin is verey important and interesting subject.it's price at a time highlevel up.someone people income money in bitcoin.bitcoin is a cryptocurrency a digital money.bitcoin is one of the major and power full electronics currency among the cryptocurrency for the forth coming digital world.
If someone ask me something about bitcoin I...wake up 
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.
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.
Based from my observations, when you ask someone who has Bitcoin what Bitcoin is, they will tell you how to earn some. Yes, they do not know what it is but they know how to earn it. This is because they learned that the purpose of Bitcoin is to earn some hard cash and nothing else.
Redirecting people to google and let them have their own research will surely make them confuse since some technical stuffs will appear in the contents of some articles discussing about Bitcoin. So if someone asks me what Bitcoin is I say that Bitcoin is a digital cash, based from Satoshi Nakamoto, the inventor of Bitcoin. It can let you manage your own asset without the help of an existing third party such as banks. It lets you to have transactions over the world quickly with no third party company or entity.
I would give them some basic knowledge about what bitcon is and how it works. Won't go too deep though, as they might loose interest thinking its a complex technology.
Bitcoin is a dijital currancy and people like to use it but it is not legal for every countries for now and i think ,goverments have to except it because bitcoin is money system for future.
I have taken my time to read through all the contribution from every one. Iam grateful for the education.
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.
As said by the one who taught me to go bitcoin, if someone will ask me if what is bitcoin I should reply that it is more about trading, which actually is true. There are different companies here who are promoting their project or products through bitcoin, and there are many cryptocurrencies, altcoins that afr offering a job for the promotion of it. 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.
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.
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 think, curiosity is a person's capital to find out, is education for him. depending on who asks and who answers. if just asking the occasional just the same uselessly. and if the hell, always looking for references the right answer for him is better. everyone is different. not a matter of better or bad. this is about the curiosity of someone and get the answer you want to know.
I agree with you. knowledge is everything, and needs to be supported by one's education, how to catch the news or the conversation of the crowd. of course this will be an interest in itself.
Bitcoin, is an electronic currency that helps computer operators to exchange commodities And of course Even get paid from it
Bitcoin is the most profitable future investment, bitcoin users is increasing drastically so now is the right time to invest, do not say the price is expensive because next month or next year the price is more expensive than now.
Usually I always tell them to do some little research on google and any question they have to ask, I will gladly answer them. It is hard to explain except you are explaining to a tech savvy who can easily grasp most of the techie terms you tell them. Even sometimes when they check google, they still get confused, so most times, I don't even tell them much, I only use lame man language like it is a digital currency that is making huge waves and being accepted and adopted by some countries which also ends up being an asset as it increases in value even more than gold to lure them into wanting to know more.
Bitcoin is one of the major and power full electronics currency among the crypto currency for the forth coming digital world. Its main characteristics are decentralized one anonymity and transparency and it can be operated world wide.The importants of bitcoin is increasing day by day for the application of international trade or e- commerce which will be the most suitable one among the other currencies.
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