What Is Bitcoin?

in crypto •  8 years ago  (edited)

Steemit is a social network platform that pays its contributors, curators, commenters and up-voters with crypto currency called Steem which is an Alt-coin of Bitcoin.

NOW WE SHOULD GO BACK TO BASIC.

What is Bitcoin?

View the video below, KEEPING IN MIND that the version 1 of this video received 13,600++ BITCOINS as bounty! Which, If the video maker kept for holding till Bitcoin reached $1200, would be valued at $16,320,000.

It serves to remind everyone to hold some of the most promising cryptos THESE DAYS.

After viewing that, and getting the gist of Bitcoin, you are ready to dive into more details. Well,.. still a general take on the overall view about Bitcoin. Just learn more.

Did you see how that little more than 15 minutes of video, changed your view of things?

Now, we will take it a step further. Let us view a MOVIE that illustrates what is possible to happen, IF and WHEN, cryptocurrency has finally taken over the financial system. Get the popcorn!

MOVIE: THE END OF MONEY AS WE KNOW IT.

I hope that, you enjoyed your introduction to the world of virtual/digital currency, brought about by Satoshi Nakamoto's Bitcoin.

Next, I will introduce you to the world of "alternative coins" (alt-coins).

Till then, I hope you join our guild. And if you're already a member, be sure to invite some people to join our fun. -east

tags:
#bitcoin, #crypto, #cryptocurrency, #digital-money, #virtual-money, #virtual-cash, #digital-cash, #alt-coins, #what-is-bitcoin

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like this! I recently decided to get myself a bespoke suit made in London through Savile Row Tailors and paid with Bitcoin. The process turned out to be surprisingly simple and intuitive. How it works. With the help of a specialist, I simply chose the style and materials for my suit on the Artefact website, came to the fitting and said that I wanted to pay with bitcoins. I was given all the instructions I needed to make the payment, making the process quick and secure. Bitcoins allow you not only to comfortably buy goods, but also to communicate directly with the master, clarifying all the details and features of the order. This experience showed me how convenient it is to use cryptocurrency in everyday transactions, especially for important purchases such as custom suits. If you are still hesitant to use Bitcoin, I recommend giving it a try. It's a simple and efficient way to shop while maintaining your financial privacy and making payment easier. Try it yourself and see for yourself!