• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

What does the term Bitcoin mean?

  • Thread starter Thread starter Sincerem
  • Start date Start date
The term bitcoin means a lot of things because bitcoin is the pioneer coin and it is the coin that is usually used by most of the cryptocurrency investors because of the potential that is embedded in it.
 
Bitcoin is a decentralized cryptocurrency that does not control by any central repository, or single administrator and does not involve a mediator. It works based on person-to-person direct communication in which transactions can be made directly between the users.
 
Bitcoin really mean alot to people, to an extent some people call it the king of cryptocurrencies because is the highest with the most value, but at the moment Bitcoin is dropping down.
 
Ononivami said:
Bitcoin being the king coin is the best coin in cryptocurrency ever. It is the coin with the greatest potential and a good store of value. The major thing is that bitcoin is the best way to invest on cryptocurrency.
Click to expand...
One of the thing that has really made bitcoin among all the other cryptocurency to be up high there,is that its is the very first cryptocurency to be out,reason why the price of other cryptocurency follows its fluctuations.
Ononivami said:
Bitcoin being the king coin is the best coin in cryptocurrency ever. It is the coin with the greatest potential and a good store of value. The major thing is that bitcoin is the best way to invest on cryptocurrency.
Click to expand...
One of the thing that has really made bitcoin among all the other cryptocurency to be up high there,is that its is the very first cryptocurency to be out,reason why the price of other cryptocurency follows its fluctuations.
 
every individual have their definitions of what bitcoin really is. To me bitcoin is a digital currency that was simply created to carry out transactions on the internet. Bitcoin and the internet goes together because bitcoin cannot work without the internet.
 
Bitcoin is a digital currency that can be used anywhere. I quite agree that some country their own meaning to bitcoin but what is important is that it's digital currency.
 
Yeah that's very true, Bitcoin is a digital currency that can be used by anyone around the world, I don't really know the exact person that brings Bitcoin to existence I'll be glad if someone answer will me.
 
Everyone has way of defining bitcoin. personally I consider bitcoin as a new established and a decentralized global currency used for the exchange of goods and services.
 
Immilash said:
Yeah that's very true, Bitcoin is a digital currency that can be used by anyone around the world, I don't really know the exact person that brings Bitcoin to existence I'll be glad if someone answer will me.
Click to expand...
This mystery still yet not solved, who is the real creator of bitcoin, but some crypto experts says, Satoshis Nakamoto was the person, who mined first bitcoin through block chain technology,
But there are no valid proofs to prove that he is the real creator of bitcoin.
 
Bitcoin is just all about the centralisation where transactions can go on between two or more people simultaneously without the interference of a third-party.
 
Honny143 said:
This mystery still yet not solved, who is the real creator of bitcoin, but some crypto experts says, Satoshis Nakamoto was the person, who mined first bitcoin through block chain technology,
But there are no valid proofs to prove that he is the real creator of bitcoin.
Click to expand...
I'm totally confused as we'll, I don't know the exact person that brings Bitcoin to existence, some said is Elon musk while some said he's not, honestly I don't have any idea.
 
The Bitcoin is a digital money that is decentralized and could be use to perform online transactions or could be use as payment online . The Bitcoin is launched on the blockchain and that is exactly what makes it a decentralized money.
 
Immilash said:
I'm totally confused as we'll, I don't know the exact person that brings Bitcoin to existence, some said is Elon musk while some said he's not, honestly I don't have any idea.
Click to expand...
No, not at all. I know this false news spread on Twitter, because last year he revealed he had invested a large amount of money in crypto, so Twitter users spread this news. First of all, blockchain technology is really complicated. Only scientists can innovate this type of technology. Somewhere I read that Elon Mask worked at McDonald's. I don't know if it is real or not. But the truth is that Elon Mask is just an investor and promoter of crypto coins.
 
Honny143 said:
No, not at all. I know this false news spread on Twitter, because last year he revealed he had invested a large amount of money in crypto, so Twitter users spread this news. First of all, blockchain technology is really complicated. Only scientists can innovate this type of technology. Somewhere I read that Elon Mask worked at McDonald's. I don't know if it is real or not. But the truth is that Elon Mask is just an investor and promoter of crypto coins.
Click to expand...
I don't really know who exactly brought Bitcoin to existence, by what you've just said I've been able to grab some beneficial information, but who do you think brings Bitcoin to existence?
 
Last edited by a moderator:
Immilash said:
I don't really know who exactly brought Bitcoin to existence, by what you've just said I've been able to grab some beneficial information, but who do you think brings Bitcoin to existence?
Click to expand...
Every cryptocurrency user believes that Satoshi Nakamoto is the real creator of Bitcoin because, according to block chain records, he was the first person to mine the first bitcoin, and he also created a bitcoin wallet to store these mined bitcoin. He wrote a white paper on the use case of bitcoin. These are some proofs that force us to agree that Satoshi Nakamoto is the real creator of Bitcoin. So I also believe he is the real one.
 
Actually everyone has a different perspective as to what bitcoin really means depending on his knowledge. bitcoin is a currency used for online transactions.
 
Syldan said:
Actually everyone has a different perspective as to what bitcoin really means depending on his knowledge. bitcoin is a currency used for online transactions.
Click to expand...
Yeah, we have different ways to defining bitcoin, in my own view Bitcoin is an online currency or a digital currency that lot's of people use, that's my way of defining bitcoin.
 
Bitcoin is a business or fiat money killer because due to it influences online alot of people have decided to make.much investment online without much consideration to offline business again.
 
Bitcoin is a crypto currency first before any other thing. It's a currency that has grown to get global attention and interested minds feel safe investing in it than some local currency.
 
I don't really know much about cryptocurrency but Bitcoin is a digital currency and also Bitcoin is the must popular used cryptocurrency around the world.
 
You must log in or register to reply here.
Back
Top