Post
Topic
Board Bitcoin Discussion
Re: What Is Bitcoin?
by
juliopirlo
on 05/03/2018, 02:15:37 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
What is Bitcoin?
Many people think that Bitcoin is a very confusing thing, whereas Bitcoin is something that is simple to understand.
If asked what is bitcoin (abbreviated BTC), then the simplest explanation is:

bitcoin is a decentralized global transaction cash system.