Topic: What is the meaning of Bitcoin? - page 2. (Read 1624 times)
Surely peoples who are familiar with and close to bitcoin will not be unfamiliar with this question, all of them know with a lot of information in the internet world. Bitcoin is a virtual currency that was successfully developed by someone named Satoshi nakamoto. This currency is like a regular currency that has value, which is only available in the digital world. And one thing bitcoin is my best friend too.
The word Bitcoin refers to the name of the cryptocurrency, of course, but also 1 Bit is equal to 100 Satoshis (the lowest denomination of a Bitcoin) and the point is someday 1 Bit will equal 1 dollar and Satoshis will be like pennies.
For me bitcoin is money, where you can use it anywhere you go, once you convert it according to your currency. It is also a an investment assets , were it can produce money or savings for the future. it has a lots of usages and good features too.
Meaning taken from Wikipedia:
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
You can find all the necessary information by internet guy, it's very easy. However, besides insights, you need to have practical experience in order to make a profit, so learn how to make money from others and you can become a great entrepreneur. good luck.
Word for word meaning is all in dictionaries and internet but for me is a new tool to give hope to improve our ways of living by earning thru trading and investment experiences. Before most of the ordinary people dont know how to engage business and now after learning a lot about bitcoin they start practicing business and enterpreneurship with the use of capital that came from or of what they have earned in bitcoin. We are all very thankful for this.
Meaning taken from Wikipedia:
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
You can find all the necessary information by internet guy, it's very easy. However, besides insights, you need to have practical experience in order to make a profit, so learn how to make money from others and you can become a great entrepreneur. good luck.
You have basic knowledge about bitcoin then why are you posting here? Bitcoin is a cryptocurrency used for trading, investing, gambling and miningm Bitcoin has been a good way to earn money for some. Investing in mining hardware has too been profitable. Bitcoin has been a good type of part time and full time job. You can easily find more deep information about bitcoins at the internet
In simplest words, Bitcoin is a derived experiment out of scratch that was meant to give complete financial authorities in your hands, just so you can feel that you are your own bank. It is something that has a value and gets inflated every time someone gets into it.
It is a method of transferring "digital tokens" from one account to another based on reflected values one asks for, and on the other hand get services or goods against it.
Yes totally agreed. You are your own bank just investing your trading bitcoin into investment. You will have a large number of money in your pocket because as we know that bitcoin is enlarging day by day. So yes we are our own banks if we are a good investors in a bitcoin. Because bitcoin is giving us a lot of idea to do something new with bitcoin. It is a method of transferring "digital tokens" from one account to another based on reflected values one asks for, and on the other hand get services or goods against it.
According to my view bitcoin is the money and bitcoin is the good asset for future.
This is simple one word answer for Bitcoin. We can use bitcoin for many purposes but the end of the day Bitcoin means money. And to earn this money we don't need to do any hard work, we will get bitcoins with many easy tasks like trading and invest, and some people will earn from gambling. Apart from this people will earn from their skills. So bitcoins means easy online money. 
Basically, Bitcoin is the pioneer of the crypto currency sector. it was invented in 2009 by an unknown person but it was invented for everybody purpose.
day by day it is spreading out all over the world, by the name of Bitcoin many people have gathered experience about crypto currency, it has created a credible and acceptable ground in some developed countries. it also has become a legal currency in some countries.
day by day it is spreading out all over the world, by the name of Bitcoin many people have gathered experience about crypto currency, it has created a credible and acceptable ground in some developed countries. it also has become a legal currency in some countries.
Bitcoin is a digital cryptocurrency made up for a processed data blocks used for online and brick and mortar purchases, Because bitcoins are limit and their value is determined by market forces bitcoins are also trade like stock on various exchanged.Now bitcoins project is the best project of this society.
There sure are many meanings about bitcoin. And i think, none of them is wrong.
For me, bitcoin is a type of cryptocurrency, something digital and we can use it to have a transaction online and don't have something like bank. Also no one can really rule it.
But thanks for your information, now i know many meanings about bitcoin from many sources
everyone has a different way to how to explain or how to determine what bitcoin is it depends on how do they treat it , but in general, bitcoin is a cryptocurrency on the internet, it is a digital money on the web, we can earn money from the web and one of those will be a bitcoin, bitcoin can be a source of income for us. For me, bitcoin is a type of cryptocurrency, something digital and we can use it to have a transaction online and don't have something like bank. Also no one can really rule it.
But thanks for your information, now i know many meanings about bitcoin from many sources
On my own definition, bitcoin is a digital form of money. Yet, this is another way of payment in any kind of transaction. Furthermore, bitcoin is anonymous that even the government cannot manipulate it. For me bitcoin is my source of income and I usually used it to sustain my daily needs.
1. International money transfer,
2. for keep money,
3. gambling,
4. pay for internet service,
5. pay to freelancers in foreign countries
2. for keep money,
3. gambling,
4. pay for internet service,
5. pay to freelancers in foreign countries
According to my view bitcoin is the money and bitcoin is the good asset for future.
This is simple one word answer for Bitcoin. We can use bitcoin for many purposes but the end of the day Bitcoin means money. And to earn this money we don't need to do any hard work, we will get bitcoins with many easy tasks like trading and invest, and some people will earn from gambling. Apart from this people will earn from their skills. So bitcoins means easy online money. According to my view bitcoin is the money and bitcoin is the good asset for future.
This is simple one word answer for Bitcoin. We can use bitcoin for many purposes but the end of the day Bitcoin means money. And to earn this money we don't need to do any hard work, we will get bitcoins with many easy tasks like trading and invest, and some people will earn from gambling. Apart from this people will earn from their skills. So bitcoins means easy online money. 
Meaning taken from Wikipedia:
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
Yeah this resonates with my personal (perhaps irrelevant) point of view.
To me the blockchain is a value transmission system.
It is able to transmit various forms of value. Currency/money is just the first form that we have experimented with.
For this reason, I struggle to confine bitcoin and other digital assets into the box of being 'just' currencies.
Others do, and it make sense for them - but, clearly, bitcoin is so much more than just money.
A £5 polymer bank note is 'just' a currency. This isn't the case with digital assets though.
As more digital assets are brought into the lime light, more innovation will be sparked and we will eventually begin to see the blockchain applied in areas other than money/currency - which will be amazing
Meaning taken from Wikipedia:
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
For me bitcoin is a simple digital currency can be use by all citizens. Bitcoins os really money that we can earn. Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
Meaning taken from Wikipedia:
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
Bitcoin
* is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto.
* It was released as open-source software in 2009.
* The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.
* Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets.
* As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
link: https://en.wikipedia.org/wiki/Bitcoin
Yeah this resonates with my personal (perhaps irrelevant) point of view.
To me the blockchain is a value transmission system.
It is able to transmit various forms of value. Currency/money is just the first form that we have experimented with.
For this reason, I struggle to confine bitcoin and other digital assets into the box of being 'just' currencies.
Others do, and it make sense for them - but, clearly, bitcoin is so much more than just money.
A £5 polymer bank note is 'just' a currency. This isn't the case with digital assets though.
As more digital assets are brought into the lime light, more innovation will be sparked and we will eventually begin to see the blockchain applied in areas other than money/currency - which will be amazing
According to my view bitcoin is the money and bitcoin is the good asset for future.
Coins that have price based on transactions in data bits and provide an unhurt advantage.
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