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 digital currency, done almost entirely in the net, it can be use like the normal fiat but not tangible in nature. Bitcoin is developed to simplify money transactions. The technology that is responsible for bitcoin's existence is called blockchain, which makes it decentralized in nature. It gave the consuming public a choice in where to put their wealth, since it is a good subject for exchange of value and services.