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14250079 No.14250079 [Reply] [Original]

*ahem*

Excuse me, ladies and gentlemen, but,
What exactly is bitcoin?

>> No.14250122
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14250122

>>14250079
Nigger

>> No.14250135

>>14250079
it is a key that you have that has value assigned to it

>> No.14250157

>>14250079
A peer to pe-
A store of va-

I don't know. Neither do the Bitcoin devs.

>> No.14250212

>>14250122
>>14250135
>>14250157
Here's the problem gentlemen, I'm experienced with Bitcoin on a deep, intimate level, however, how do you effectively communicate and educate a newfag on what Bitcoin is?

What does Bitcoin mean to you? It's all good and well throwing around cryptocurrency vernacular, but how do you explain cryptocurrency initially to someone with an assumed zero knowledge of Bitcoin? Dare I say it, this my mission goal and I am prepared to deep dive and unify synergies.

>> No.14250290
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14250290

>>14250079
Bitcoin is the feeling you have in you heart when you're memeing with frens.

>> No.14250310
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14250310

>>14250290

>> No.14250330

>>14250212
exactly how I said it
what is a bitcoin, it is a key
what is a blockchain it is a file

>> No.14250358

>>14250212
It's a way to make money. It's going to 100k in 2020. This is the only thing people care about. Normies will not buy the ideology but they will buy the hype and easy money. Basically it's a pyramid scheme.

>> No.14250497

>>14250212
I think for me, the thing that made me realize how it works is the "distributed ledger" idea. It's basically like if you tried to play monopoly without any of the paper money included. In theory, it would be totally possible to keep track of what everyone has. Every person just needs to shoutout when they are buying/selling and everyone can record on a piece of paper in front of them how much money the person has.

BTC isn't a physical thing. You can never take your bitcoins off the blockchain, even if you have a paper wallet, all it is is just a code to let you access the money that the network currently knows that you have.

Another thing I remember hearing about btc at the beginning was "why can't someone hack it". The thing is everyone is just running nodes so it is distributed, so you would need to take control of a ton of machines. Same thing with a 51% attack (something most wouldn't think of right away after first learning of cryptocurrency).

Just hearing those things would have probably helped me learn a lot at the beginning.

>> No.14250550
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14250550

>>14250497
Thank you very much anon these are the sort of things I'm looking for. Cheers!

>> No.14250584

>>14250497
I would like to add thati believe it turns a lot of people on from a philosophical perspective.

When you start to dive in to systems that are designed to be fair, bitcoin is just a work of art. Ideally it will allow for the most effective form of governance that the world has ever had.

>> No.14250604
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14250604

Digital gold that is 100% unhackable.
Blockchain is a computer so big you cannot hack it.

>> No.14250628

Bitcorn is like a digital crop that you farm. The soil is degrading though so you get lower crop yields every couple years.