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Topic: What is bitcoin - page 5. (Read 7911 times)

newbie
Activity: 112
Merit: 0
March 24, 2018, 09:44:01 PM
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 digital money it is cashless it makes things easy and faster in any transactions
newbie
Activity: 154
Merit: 0
March 24, 2018, 09:06:59 PM
BTC is a kind of network virtual currency, you can use to purchase virtual items BTC, such as clothes, hats, equipment of network game, etc., as long as someone to accept, you can also use BTC to purchase items of real life.

The biggest difference between BTC and other virtual currencies is that its total number is very limited, and it is extremely rare and suitable for investment.
newbie
Activity: 90
Merit: 0
March 24, 2018, 09:02:31 PM
For ordinary people it's a lot to ask about bitcoin and we should be able to explain in more detail so they are easy to understand, I will explain in the use and the result of bitcoin, so they are happy
full member
Activity: 252
Merit: 101
EMMARES – Email as you know it, will never be the
March 24, 2018, 08:59:36 PM
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 an electronic currency a digital money any new source of income that gives to us a new high technology
full member
Activity: 257
Merit: 100
March 24, 2018, 08:24:47 PM
Based on my research Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto, It is the first decentralized digital currency, as the system works without a central bank or single administrator and also a cryptocurrency and worldwide payment system.
sr. member
Activity: 672
Merit: 250
March 24, 2018, 05:41:44 PM
bitcoin one virtual currency is very expensive, if anyone wants to know about bitcoin we can explain with earnings from playing bitcoin so people interested to play bitcoin.

Bitcoin is a digital cryptocurrency that ables to help many people to learn new things and gain money. Bitcoin is a digital money that you can use to send money that easily, buy stuffs online, booking a flight online and etc. Bitcoin is for our future. Many people already proven that bitcoin help people to become rich or have a better life. Through bitcoin we can gain money that we can use for our daily living. All we must just need is to keep believing of bitcoin for you to become successful in the future.
newbie
Activity: 98
Merit: 0
March 24, 2018, 02:15:10 PM
Bitcoin has numerous highlights yet its quintessential capacity is a record, an approach to monitor obligation. Indeed there are elements of cash like store of significant worth, medium of trade and unit of record, however BTC is an all around unchanging open record.
newbie
Activity: 109
Merit: 0
March 24, 2018, 12:35:45 PM
Bitcoin is a digital currency and bitcoin is the answer to other jobless as long as they had their idea about bitcoin. Bitcoin will change slowly the status of their lives.
hrz
full member
Activity: 476
Merit: 100
March 24, 2018, 11:30:54 AM
bitcoin one virtual currency is very expensive, if anyone wants to know about bitcoin we can explain with earnings from playing bitcoin so people interested to play bitcoin.
full member
Activity: 295
Merit: 104
March 24, 2018, 11:28:58 AM
I think, if there is one or a few friends I ask like that. I'll explain it with what I know about bitcoin at the moment. But among my friends still no one understands it, but I suggest that he look for information on google or other bitcoin sites. Most of my friends ask this kind of thing to join bitcoin world and can make a profit. Because I also do the same thing when I searching for information to friends who have long joined in bitcoin.
FRJ
member
Activity: 280
Merit: 15
The Worlds Most Advanced Distributed Computer
March 24, 2018, 11:23:09 AM
I simply tell that bitcoin is nothing but a digital currency which is going to be used by the next generation when asked.Some of them ask me that how to earn bitcoin.How does it look like?I generally tell them, actually, bitcoin is a cryptocurrency which is not controlled by the government. You will be the only one who will control your bitcoin.There is a wallet system here.You can store them in your digital wallet.So,bitcoin will give you financial freedom and will change your life.Because the price of it is higher than gold.So,it is profitable as well.
jr. member
Activity: 78
Merit: 5
March 24, 2018, 11:15:43 AM
Quote from: fragout link=topic=2145565.msg21464579#msg21464579[quote
date=1504434094]
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.
[/quote]

Bitcoin is a smart currency And has a money at its core and simply a ledger
Bitcoin have the best iteration the regulation of money supply.

That what is bitcoin for me.
newbie
Activity: 98
Merit: 0
March 24, 2018, 11:12:47 AM
Bitcoin is a digital currency and overall installment system.It is the principal decentralized advanced money, as the framework works without a national bank or single administrator.The arrange is shared and exchanges occur between clients specifically, without an intermediary.These exchanges are confirmed by organize hubs using cryptography and recorded in an open dispersed record called a blockchain
newbie
Activity: 19
Merit: 0
March 24, 2018, 11:09:24 AM
I think bitcoin is important and it helps me feel like I'm here in bitcoin so now I'm close to joining campaigns more bitcoin....
newbie
Activity: 84
Merit: 0
March 24, 2018, 11:06:16 AM
Bitcoin is a cryptocurrency and worldwide payment system.It is the first decentralized digital currency, as the system works without a central bank or single administrator.The network is peer-to-peer and transactions take place between users directly, without an intermediary.These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.
member
Activity: 299
Merit: 10
March 24, 2018, 11:00:25 AM
Bitcoin is a computer-controlled currency used for trading, investment and other related needs of individuals. That's my simple answer,
newbie
Activity: 77
Merit: 0
March 24, 2018, 10:58:38 AM
Bitcoin is a decentralized digital currency which is used as a money for buying different goods. But it is not fully applicable in the market. But it will sooner be in the market.
And there are more other coins which will be applicable in the future.
member
Activity: 280
Merit: 10
March 24, 2018, 10:55:21 AM
Bitcoin is one kind of digital crypto-currency which is created by satoshi Nakamoto year 2009. Bitcoin is also used for investment, trading, mining, gambling etc. They provide instant income to every investors to become financially stable in daily life. Bitcoin also is the most and highest value in the crypto world. I am sure that I can be able to achieve the freedom that I've been dreaming of for a very long time.
member
Activity: 223
Merit: 11
March 24, 2018, 10:53:23 AM
Bitcoin is the shiny, tempting and incredibly risky money of the future. It's a worldwide payment system, that incorporates technology, currency, math, economics and social dynamics.
full member
Activity: 392
Merit: 101
March 23, 2018, 10:49:18 AM
I say it is a decentralized currency that can not be controlled by banks, that you can send anywhere anytime. Explaining more would be too technical for most people. If they ask I'm happy to answer any questions, like what blockchain is, how transaction works...


Bitcoin is a currency that can not be controlled by anyone unless we just follow the rules of the game because bitcoin is easy to get and easy for transactions wherever possible, so I'm happy to follow the bitcoin and I'm sure bitcoin can change the world full of bitcoin sometime in the future.
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