What is Bitcoin? Bitcoin Explained Simply (2020 Updated)

Consistent Quality[citation needed]!

~~If you are anything BUT 5 years old, and you're confused by something, this is the place for you.~~ Now that /eli5 clarified that they want simple explanations, (fake) 5-YEAR-OLDS ARE NOW WELCOME TO THE SUBREDDIT. But not in a creepy way.
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Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin for Beginners

Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs. /BitcoinBeginners is not for posting new websites, memes, faucets, affiliate links, news, concern trolling, blog articles, or promoting altcoins and ICOs. **Bitcoin related Questions only** No url shorteners (auto spam)
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Euphoria explains Bitcoin

Euphoria explains Bitcoin submitted by honorface76 to Bitcoin [link] [comments]

/u/MarkPapermaster explains bitcoin and the blockchain in a conversational narrative using the founder's original white paper and video examples of concepts.

submitted by aceqwerty to DepthHub [link] [comments]

LToV Socialists, if labor = value, then explain Bitcoin.

If labor is equal to value, then why is Bitcoin worth nearly $11k at the time of writing?
Yes, labor in the form of processing power is necessary to generate them in the first place, but after that, their value varies wildly. If you mined 1 bitcoin back in early 2013, you'd have a coin worth about $15. But if you held that coin for just 4 years, it'd be worth nearly $20k, over 130,000% more. No new labor was put into it whatsoever, but it was suddenly worth a car, because the market decided so. What gives? Shouldn't Bitcoin be worth an entirely consistent amount, or at least a stable amount?
You could make the argument that Bitcoin is worth nothing, because price doesn't imply value, but doesn't that mean the labor used to create it is worth nothing as well?
Am I missing something, or does Bitcoin just completely shatter the LToV?
submitted by SomeAncap2020 to CapitalismVSocialism [link] [comments]

During this next hype cycle, it's important for Bitcoiners to be kind when explaining Bitcoin to newcomers. Bitcoin can't achieve its potential if no-coiners disdain Bitcoiners...

submitted by the420chronicler to Bitcoin [link] [comments]

[ Bitcoin ] Euphoria explains Bitcoin

Topic originally posted in Bitcoin by honorface76 [link]
honorface76 your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
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submitted by anticensor_bot to u/anticensor_bot [link] [comments]

How to explain Bitcoin and the blockchain to newbs?

Hi everyone, so I have tried to explain bitcoin and the blockchain to my family but they still seem not to get it. So is there a very good and thorough beginners 101 bitcoin video that I can show them, so they would understand me better? Would help alot :)
submitted by Ectrizz to Bitcoin [link] [comments]

/u/MarkPapermaster explains bitcoin and the blockchain in a conversational narrative using the founder's original white paper and video examples of concepts.

submitted by aceqwerty to bestof [link] [comments]

Euphoria explains Bitcoin

Euphoria explains Bitcoin submitted by Oninteressant123 to CryptoCurrency [link] [comments]

Ben from wtfhappenedin1971.com Explains Bitcoin as the Peaceful Revolution

Ben from wtfhappenedin1971.com Explains Bitcoin as the Peaceful Revolution submitted by vanishfr to Bitcoin [link] [comments]

How do you explain Bitcoin to your grandma? Join the convo!

How do you explain Bitcoin to your grandma? Join the convo! submitted by Bitcoin_Magazine to Bitcoin [link] [comments]

Guy Swann explains Bitcoin and money in detail

Guy Swann explains Bitcoin and money in detail submitted by TucsonBlockchain to Bitcoin [link] [comments]

Explain Bitcoin to me like Oscar explains a surplus to michael in the office.

My brother has invested a small 50, it's now up to 61.31 or something like that I'll have to talk to him when he gets here and ask. Anyways, explain this to us please. Not trying to get rich, just mildly interested and would like to know more.
EDIT: its 63.31
submitted by LuciferWuu to BitcoinBeginners [link] [comments]

Ben from wtfhappenedin1971.com explains Bitcoin as the peaceful revolution we need

Ben from wtfhappenedin1971.com explains Bitcoin as the peaceful revolution we need submitted by vanishfr to CryptoCurrency [link] [comments]

Nipsey Hussle did a better job at explaining Bitcoin than anyone on crypto twitter. R.I.P Nipsey Hussle.

Nipsey Hussle did a better job at explaining Bitcoin than anyone on crypto twitter. R.I.P Nipsey Hussle. submitted by slywalkers to CryptoCurrency [link] [comments]

Guy Swann explains Bitcoin and Money

Guy Swann explains Bitcoin and Money submitted by TucsonBlockchain to TucsonBlockchain [link] [comments]

What is the best way to explain Bitcoin to a newcomer?

How to explain Bitcoin to a newbie, without overwhelming them?
This might help:
https://www.cryptovantage.com/news/ask-cryptovantage-whats-the-best-way-to-explain-bitcoin-to-a-newcome
submitted by thecryptovantage to Bitcoin [link] [comments]

Ben from wtfhappenedin1971.com Explains Bitcoin as the Peaceful Revolution (x-post from /r/Bitcoin)

Ben from wtfhappenedin1971.com Explains Bitcoin as the Peaceful Revolution (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Ben from wtfhappenedin1971.com explains Bitcoin as the peaceful revolution we need (x-post from /r/cryptocurrency)

Ben from wtfhappenedin1971.com explains Bitcoin as the peaceful revolution we need (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What is the best video that explains Bitcoin?

I understand it but can't explain it to friends and family without them losing interest. I need a simple 20 minute you tube clip that I can send them.
submitted by 12tips to Bitcoin [link] [comments]

How do you explain Bitcoin to your grandma? Join the convo! (x-post from /r/Bitcoin)

How do you explain Bitcoin to your grandma? Join the convo! (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Akon is explaining Bitcoin in a Simple Way

Akon is explaining Bitcoin in a Simple Way submitted by techworld93 to Bitcoin [link] [comments]

What is the best way to explain Bitcoin to a newcomer? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

How Does Bitcoin Work? - YouTube What is Bitcoin? (v1) - YouTube Bitcoin Explained - YouTube Bitcoin Basics (Part 1) -

Bitcoin is a transparent ledger without a central authority. Confused? Don't worry, this post will explain what Bitcoin is in plain English. The simple question of how to explain bitcoin, cryptoassets and DeFi coins is not an easy task and as the interest and intrigue continues to unfold inside the blockchain-based distributed ledger technology industry, it is important to know the basics of cryptocurrencies to optimally understand an industry that has been as high as $838 billion ... The best way to explain how Bitcoin works is to go through an example of how things function behind the scenes when a user sends or receives a transaction on the network. Let’s run through both sides of a transaction from the perspective of two hypothetical users: Bob and Alice. Bitcoin is an innovative payment network and a new kind of money. Find all you need to know and get started with Bitcoin on bitcoin.org. Bitcoin.org is a community funded project, donations are appreciated and used to improve the website. Make a donation Bitcoin, the digital currency, has been all over the news for years. But because it’s entirely digital and doesn’t necessarily correspond to any existing fiat currency, it’s not easy to understand for the newcomer. Let’s break down the basis of exactly what Bitcoin is, how it works, and its possible future in the global economy.

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How Does Bitcoin Work? - YouTube

Get our free Bitcoin course here - https://chrisdunn.com/free-bitcoin-course This Bitcoin basics video series will explain Bitcoin for beginners. You'll lear... Learn about Bitcoin with the most watched Bitcoin video. More information: Start Guide - https://www.weusecoins.com Mining Guide - https://www.bitcoinmining.... Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin... A short video looking at 'Bitcoin', a decentralized digital currency. This is a self funded personal project, If you would like to make a Bitcoin donation fo...

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