How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
LoL, I never thought before u asking like this. I also will freeze a while when someone ask about this and want to be explained.
I will just explain that bitcoin as part of a financial technology revolution. It is a desentralized cryptocurrency using blockchain-based system that. It can be mined and the value is hold on a basic economic principle, it's supply and demand. And I will ask him/ her to googling it to find out by his/her self.
I will very underlined explanation about how to get it in order to prevent him/her not to get unlucky with many scammers out there.