Explain what IS bitcoin?
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A Ponzi scam
thats it?
Shit people think is valuable
Digital coins.
really thats it? these answers dont make it seem very good at all
Bitcoin is a store of value.
bitcoin is peer to peer electronic CASH
its a thing that keeps tracks of numbers where everybody can see all the numbers
It's like an iphone app for your wallet
There are only 21 million of them, so it's relatively rare.
Internet meme money
0's and 1's.
Cash 3.0
its what would happen if the fed was required to post all transactions and record for every bill in circulation and have a transaction history of each piece of paper that moves around. And they were not allowed to make any new bills but instead we made the bills and signed them and handed them over to be put into circulation.
All while being trustless and so far un-hackable.
BUT MUH PONZI SCHEME!!!! Fucking brainlets.
A failure
No one uses it as a currency
Tokenized spent energy.
Read this and click on other links and read them and read the whitepaper
If you still can understand, ur a brainlet and shouldn't buy any
Cant tell if this is a larp or not. But to answer. Who the hell knows.
Its an electronic transaction ledger whose history cant be altered.
Imagine if leaving your car idleing could solve sudoku puzzles and you could use that to buy heroin
First non debasable currency in history
computers
bitcoin is like dollar but it travels by the wires, if you look deep enough with the microscope, you can see bunch of 1 and 0, bitcoin have alot of numbers, and theres only 21 million of them so inflation is not gonna hurt bitcoin like never
austrian economics cooked into a global distributed consensus ledger secured by a difficulty adjusting SHA-256 algorithm
This is the most intelligent answer here.