Post
Topic
Board Bitcoin Discussion
Re: Way to explain what is the bitcoin
by
Ariaryanto
on 02/08/2023, 16:24:49 UTC
Btc is cup money is liquid the water and Banks are from the word like a River bank.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.

Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money.
If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.

Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
I think it's too complicated for someone to understand the explanation above.
Bitcoin is an electronic money created in 2009 by Satoshi Nakamoto. The name is also associated with the open source software he designed, and also uses a peer-to-peer network without closed storage or a single administrator where the United States Department of the Treasury calls bitcoin a decentralized currency. Unlike most currencies, bitcoin is not reliant on trusting a major issuer. Bitcoin uses a distributed database spread across nodes from a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be combined by the person who owns them, and can never be more than one time.