Post
Topic
Board Bitcoin Discussion
Re: What Is Bitcoin?
by
8Habits
on 27/11/2017, 22:52:12 UTC
I personally know quite a bit about Bitcoin. However, this thread is for the community here. The idea is every post should contain NEW info which hasn't previously been posted in this thread.

For example, I will start with the obvious: Bitcoin is internet money

Is this a perfect explanation? Of course not. This is where you come in.

Please post the most detailed aspects about Bitcoin you know, without repeating any info previously posted in this thread.

The idea is as we scroll down, the discussion should get continually more complicated as we dig further into the technology, development, history, etc.

Make sense?

So I will repeat the starting point: Bitcoin is internet money

Bitcoin is a number one digital currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.A very safe currency

There is a transaction fees in every bitcoin transactions you make like sending bitcoin to other bitcoin wallet address and depositing it to trading platforms or online casino sites where you want to play or gamble. However, overall bitcoin is just awesome.