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Author Topic: What is bitcoin?  (Read 15745 times)

Offline Psycho

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What is bitcoin?
« on: October 18, 2020, 01:38:23 PM »
WHAT IS BITCOIN?
Who is the donor of Bitcoin?

« Last Edit: October 23, 2020, 11:33:58 AM by Vodka »
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What is bitcoin?
« on: October 18, 2020, 01:38:23 PM »

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Offline Sharpmax

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Re: What is bitcoin?
« Reply #1 on: October 18, 2020, 06:08:04 PM »
Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency is a type of money that is completely virtual. It's like an online version of cash. People can send Bitcoins or part of one to your digital wallet, and you can send Bitcoins to other people.
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Re: What is bitcoin?
« Reply #2 on: October 19, 2020, 02:27:45 AM »
Bitcoin is a virtual currency. And the king currency of all cryptocurrencies. This currency ranks number one among all cryptocurrencies. I think when the price of currency starts to rise in the market, the price of all currencies starts to rise. I want to know from the senior brothers of this forum that if they know better about bitcoin, please give details.
« Last Edit: January 04, 2021, 07:35:46 AM by Herry »
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Re: What is bitcoin?
« Reply #3 on: October 19, 2020, 10:45:24 AM »
I have read the paper and it is very informative. However, let's not treat Dr. Craig S. Wright being Satoshi Nakamoto as a fact.
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Re: What is bitcoin?
« Reply #5 on: October 19, 2020, 11:55:52 PM »
Are you trying to spread good news about Craig S. Wright?
Sorry, I don't think you do the right way here. From too many sources that describe the definition about Bitcoin, how can you state Wright's document is the best one? I suggest you to choose others, especially the information from big crypto news sites. In addition, you need to check the definition whether fits with the Bitcoin described by Satoshi on Bitcoin WP or not.
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Offline jakasantosa

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Re: What is bitcoin?
« Reply #6 on: October 20, 2020, 12:05:53 AM »
Indeed, there are many opinions that put forward the definition of bitcoin and this is not to blame because basically all the essence of the definition is the same. including that stated by Dr. Craig S. Wright
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Re: What is bitcoin?
« Reply #6 on: October 20, 2020, 12:05:53 AM »


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Re: What is bitcoin?
« Reply #7 on: October 20, 2020, 06:16:51 AM »
Bitcoin is a digital currency that is accepted as money, which is exchanged only on the digital platform that we can see but cannot touch with our hands.

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Re: What is bitcoin?
« Reply #8 on: October 20, 2020, 05:34:22 PM »
Bitcoin is a digital online virtual cryptocurrency which is already accepted by many organisations, Amazon, Microsoft and bookingdot com. Sir Satoshi nakamoto developed the best online Crypto bitcoin.

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Re: What is bitcoin?
« Reply #9 on: October 21, 2020, 03:22:04 PM »
Bitcoin is a digital currency that is accepted as money, which is exchanged only on the digital platform that we can see but cannot touch with our hands.
unfortunately bitcoin is still not accepted by many countries.

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Re: What is bitcoin?
« Reply #10 on: October 27, 2020, 06:25:28 PM »
Are you trying to spread good news about Craig S. Wright?
Sorry, I don't think you do the right way here. From too many sources that describe the definition about Bitcoin, how can you state Wright's document is the best one? I suggest you to choose others, especially the information from big crypto news sites. In addition, you need to check the definition whether fits with the Bitcoin described by Satoshi on Bitcoin WP or not.

The paper mentioned in the post is written by SN, not Wright (unless they are the same person but that's not proven).

By the way, does anyone know why the original post was modified? I came to check back on the thread and it reads completely different now.
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Re: What is bitcoin?
« Reply #11 on: October 28, 2020, 04:29:22 AM »
Are you trying to spread good news about Craig S. Wright?
Sorry, I don't think you do the right way here. From too many sources that describe the definition about Bitcoin, how can you state Wright's document is the best one? I suggest you to choose others, especially the information from big crypto news sites. In addition, you need to check the definition whether fits with the Bitcoin described by Satoshi on Bitcoin WP or not.

The paper mentioned in the post is written by SN, not Wright (unless they are the same person but that's not proven).

By the way, does anyone know why the original post was modified? I came to check back on the thread and it reads completely different now.
Satoshi Nakamoto is the best because I think they write very clear white papers.

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Re: What is bitcoin?
« Reply #12 on: October 30, 2020, 01:44:54 AM »
Bitcoin is an asset that is digital, cannot be torn or touched by direct hands like we are holding gold bullion.
Bitcoin is a digital asset that changed my life because in the past I had no real assets and with Bitcoin, little by little, I have been able to buy these real assets.


This is part of me for Bitcoin since Januari, 2017  . Thanks
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Re: What is bitcoin?
« Reply #13 on: October 30, 2020, 05:08:39 AM »
Bitcoin is a digital cryptocurrency which developed in 2009 July 15 by Satoshi nakamoto.

Everyone is the donor of bitcoin if he donated.

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Re: What is bitcoin?
« Reply #14 on: October 30, 2020, 10:25:38 AM »
If you want to try to use the available time to open and search on Google, of course you will get the definition that you are asking, for example as below;

- Bitcoin is a new 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! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

link : https://money.cnn.com/infographic/technology/what-is-bitcoin/index.html

- Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.

- no one will become a bitcoin donor, I myself want to accept as a bitcoin recipient.

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