Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Niko on September 15, 2018, 08:25:11 PM

Title: what is bitcoin?
Post by: Niko on September 15, 2018, 08:25:11 PM
bitcoin is a cryptocurrency a form electronic cash.
it is a decentralized digital currency without a central bank or single administrator and can be sent from user to user on the peer da peer to peer
bitcoin network without the need for intermediaries
a pseudonymous software developer going by the name of satoshi naka moto proposed bitcoin in 2008 as an eletronic payment system based on mathematical proof.
the idea was to produce a means of exchange independent of any central authority .that could be transferred electronically in a secure, verifiable and immutable way.
bitcoin can be used to pay for things electronically if both parties are willing. in that sense it is like convention dollars, euros, or yen, which are also traded digitally but it differs from fiat digital treatments in several important way.
...https:// www.coindesk .com/information.
Title: Re: what is bitcoin?
Post by: bitpation on October 16, 2018, 08:43:06 AM
In short, Bitcoin can be interpreted as a cash system for decentralized global transactions. Bitcoin is able to solve problems that cannot be done by fiat currencies. That's why bitcoin was created.
Title: Re: what is bitcoin?
Post by: reshat on October 17, 2018, 10:22:30 PM
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Title: Re: what is bitcoin?
Post by: kent47400 on October 18, 2018, 06:26:28 AM
Bitcoin is a system that cannot be falsified.
Even though it's been a few years but the transaction still exists and can be checked on the Blockchain (Explorer Bitcoin)
Title: Re: what is bitcoin?
Post by: marshmellow on October 18, 2018, 10:13:08 AM
So true. bitcoin is an electronic money cryptocurrency. Bitcoin uses the Blockchain technology system, this technology system is a mainstay for Bitcoin today. This system is called the Decentralization system, so that this system will later be attached to its users and all risks and finances are also regulated by the user itself. That is what I call Bitcoin.
Title: Re: what is bitcoin?
Post by: simplex on October 18, 2018, 05:48:28 PM
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Title: Re: what is bitcoin?
Post by: marshmellow on October 19, 2018, 10:42:14 AM
In my opinion, Bitcoin is digital money, digital money which uses the Peer-to-peer system where transactions without using a third party such as a bank. I think this will be good for everyone, because bitcoin uses Blockchain technology which means Decentralization. And that is very useful and has many advantages.
Title: Re: what is bitcoin?
Post by: adam27 on October 19, 2018, 01:04:23 PM
a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Title: Re: what is bitcoin?
Post by: kemalramdanu on October 19, 2018, 02:12:33 PM
Bitcoin is a currency that is rather cryptocurrency. I agree with this view. When Bitcoin values beyond our imagination (over $ 20k) people pay close attention to it and especially the government, but not all governments in the world do not like Bitcoin, partly for their sake hurt. Many countries accept Bitcoin and see Bitcoin as a legal currency. I think the future Bitcoin will be the most used crypto coin and replace some of the fiat.
Title: Re: what is bitcoin?
Post by: olivia on October 19, 2018, 02:17:25 PM
Bitcoin in my opinion is the greatest discovery so far in the world's financial sector. It will make a huge positive impact in the financial world and provide people an alternative to transaction payments.
Title: Re: what is bitcoin?
Post by: casas on October 19, 2018, 08:29:50 PM
Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.[10] Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Title: Re: what is bitcoin?
Post by: ayuaja on October 21, 2018, 10:30:19 AM
In my opinion, Bitcoin is a unique currency, a cool currency, a very profitable currency. Bitcoin is digital money that uses a Peer-to-per system that allows us to transact without having to use a third party. This can be called the Blockchain Technology system. So we can manage ourselves according to our wishes in Bitcoin.
Title: Re: what is bitcoin?
Post by: marco on October 21, 2018, 10:35:45 AM
Bitcoin is very suitable for the wider community because the community has since started to know this digital currency, so it won't go anywhere anymore,
they don't want to go all the way to learn it to get the results
Title: Re: what is bitcoin?
Post by: bdsharminsoltana on October 21, 2018, 11:00:51 AM
Bitcoin is a talk now a days Japan legally accepts Bitcoin. Japan is even giving payments in Bitcoin It is a digital decentralized cryptocurrency  which was introduced by an unknown person or company named by Satoshi Nakamoto by the year 2009. There is no need of any central authorities to transact the money to purchase goods and services from all over the earth with low fees only  it is an online currency. Bitcoin is traded with one person to another persons wallet .
Title: Re: what is bitcoin?
Post by: yousufatik on October 21, 2018, 11:16:34 AM
Bitcoin is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Title: Re: what is bitcoin?
Post by: olivia on October 23, 2018, 07:35:55 AM
So true. bitcoin is an electronic money cryptocurrency. Bitcoin uses the Blockchain technology system, this technology system is a mainstay for Bitcoin today. This system is called the Decentralization system, so that this system will later be attached to its users and all risks and finances are also regulated by the user itself. That is what I call Bitcoin.
hi did you invest in bitcoin yet? If you have investment intentions for digital money then you should invest in bitcoin or you can invest in altcoin such as altcoin or litecoin it will help you to experience great things.
Title: Re: what is bitcoin?
Post by: Goku01 on October 28, 2018, 02:14:29 AM
As I would see it, Bitcoin is a one of a kind cash, a cool money, an exceptionally gainful cash. Bitcoin is advanced cash that uses a Peer-to-per framework that enables us to execute without hosting to utilize a third get-together. This can be known as the Blockchain Technology framework. So we can oversee ourselves as indicated by our desires in Bitcoin.
Title: Re: what is bitcoin?
Post by: Jetski on October 28, 2018, 02:10:09 AM
In my own opinion, Bitcoin is digital currency which hold the record of the first crypto currency introduce in the crypto and is currently in the top1 rank cryptocurrency investment and this is also known as most profitable coin in the crypto investment history.
Title: Re: what is bitcoin?
Post by: marco on October 28, 2018, 08:11:45 AM
Many people think that Bitcoin is a very confusing thing, even though Bitcoin is something that can be understood simply.

If asked what is bitcoin (abbreviated as BTC), the simplest explanation is:

Bitcoin is a decentralized global transaction cash system.
Title: Re: what is bitcoin?
Post by: Davidniam55 on October 28, 2018, 08:37:40 AM
bitcoin is a digital currency that we can use for transactions in the real world, bro. service using bitcoin is easier. either domestically or abroad .
Title: Re: what is bitcoin?
Post by: fgg57fg7 on October 28, 2018, 09:14:09 AM
Bitcion is a digital currency that uses peer to peer technology and it's use with no middle man and very useful in transaction payment or services payment
Title: Re: what is bitcoin?
Post by: Butuhusaha on October 28, 2018, 09:24:36 AM
bitcoin is a digital currency. that we can use for transactions in the real world. even with bitcoin we can get many benefits and benefits
Title: Re: what is bitcoin?
Post by: altcoinhunter01 on November 05, 2018, 01:08:51 PM
Bitcoin is a digital currency. It is used for the transaction.
Title: Re: what is bitcoin?
Post by: smsohag on November 05, 2018, 04:29:55 PM
Bitcoin is digital currency of the digital World. This is the best currency at present. It is border less currency. Any one can transfer from any place to other.   
Title: Re: what is bitcoin?
Post by: rapheal on November 07, 2018, 06:34:27 AM
Bitcoin is a digital currency.Released as an open source software in 2009, bitcoin is often credited as the world's first crypto currency and is best defined as a digital currency that only exists electronically.
Title: Re: what is bitcoin?
Post by: Ibagsat09 on November 07, 2018, 01:03:54 PM
Bitcoin is a digital currency that is decentralized which doesnt need a central bank
Title: Re: what is bitcoin?
Post by: arisdoankk on November 07, 2018, 03:50:44 PM
Bitcoin, in my opinion, is the biggest discovery because many large countries have legalized digital coin-based payments.
Title: Re: what is bitcoin?
Post by: aldi putra on November 07, 2018, 07:19:33 PM
in my personal opinion Bitcoin is a pure peer-to-peer electronic currency that will allow online payments to be sent directly from one party to another without going through a financial institution.
Title: Re: what is bitcoin?
Post by: arisdoankk on November 08, 2018, 01:47:22 PM
Bitcoin is a cryptocurrency and worldwide payment system. It is the first digital currency that is decentralized, or a single administrator. which was discovered by a group of people unknown to the name Satoshi Nakamoto and released as open source software in 2009.
Title: Re: what is bitcoin?
Post by: altcoinhunter01 on November 15, 2018, 04:04:41 PM
Bitcoin was created by Satoshi Nakamoto. We can get benefits from bitcoin.
Title: Re: what is bitcoin?
Post by: kap786 on November 15, 2018, 04:18:56 PM
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Title: Re: what is bitcoin?
Post by: gribble on November 16, 2018, 02:15:33 AM
I think Bitcoin is cryptocurrency, which is a form of electronic money. and bitcoin This is a decentralized digital currency without a single central bank or administrator that can be sent from users to users on the bitcoin network without the need for intermediaries.
Title: Re: what is bitcoin?
Post by: Telapakmejo2 on November 16, 2018, 03:24:13 AM
Bitcoin is a coin that can be bought and sold because with people buying bitcoin that person will benefit from bitcoin provided that they have to be patient to wait above the price he bought
Title: Re: what is bitcoin?
Post by: thanks rye18 on November 16, 2018, 05:52:23 AM
Bitcoin is a digital currency which is currently use as an investment and can be use as payment for some transactions like fiat but transacted electronically, this is also as the most profitable investment world wide.
Title: Re: what is bitcoin?
Post by: gribble on November 17, 2018, 08:08:10 AM
In my opinion, Bitcoin is digital money, which uses Peer-to-peer technology where transactions without using third parties such as banks. I think this will be good for everyone, because bitcoin uses Blockchain technology which means decentralization. And it's very useful and bitcoin also has many advantages.
Title: Re: what is bitcoin?
Post by: naitik01 on November 18, 2018, 04:28:02 PM
Bitcoin is a digital money that can be used to transact anything.
Title: Re: what is bitcoin?
Post by: Stalky on November 19, 2018, 04:24:52 AM
bitcoin is a virtual currency and also a profitable way, with the existence of bitcoin every society has the freedom to determine the storage of their assets without government interference, besides that Bitcoin is free from state tax.
Title: Re: what is bitcoin?
Post by: Chomzzy on November 19, 2018, 09:16:19 PM
Bitcoin. Is decentralized virtual currency whose major feature is high volatility. Bitcoin transactions are transparent and convenient.
Bitcoin was created in 2009 by Natako Satoshi.
Title: Re: what is bitcoin?
Post by: jbc081475 on November 20, 2018, 05:39:40 AM
Bitcoin is a decentralized crypto currency that can be use as a Global decentralized transaction.This can be used as a digital payment on different transaction.Bitcoin is still the king of crypto currency.
Title: Re: what is bitcoin?
Post by: Mut-coin on November 21, 2018, 05:20:29 AM
In short, Bitcoin can be interpreted as a cash system for decentralized global transactions. Bitcoin is able to solve problems that cannot be done by fiat currencies. That's why bitcoin was created.