Post
Topic
Board Beginners & Help
Re: What is a good way to concisely explain Bitcoin?
by
memecoin
on 29/07/2018, 18:45:29 UTC
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.

What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.

Bitcoin is a representation of blockchain technology and Bitcoin was created for the purpose of paying for internet services. In addition to using for billing purposes, Bitcoin is currently being used as an asset, and everyone wants to buy Bitcoin and hold in their wallet.