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Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see. <br />
<br />
Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method.<br />
<br />
That's Bitcoin in a nutshell. For the complete simple explanation watch this video, here's what I'll cover:<br />
<br />
<span class="playtime" data-second="50" title="What is money?">0:50</span> - What is money?<br />
<span class="playtime" data-second="190" title="Fiat money">3:10</span> - Fiat money<br />
<span class="playtime" data-second="223" title="Fiat money drawbacks">3:43</span> - Fiat money drawbacks<br />
<span class="playtime" data-second="265" title="Digital money">4:25</span> - Digital money<br />
<span class="playtime" data-second="334" title="Centralized money issues">5:34</span> - Centralized money issues<br />
<span class="playtime" data-second="441" title="Enter Bitcoin">7:21</span> - Enter Bitcoin <br />
<span class="playtime" data-second="464" title="Bitcoin is transparent">7:44</span> - Bitcoin is transparent<br />
<span class="playtime" data-second="553" title="Bitcoin is decentralized">9:13</span> - Bitcoin is decentralized<br />
<span class="playtime" data-second="575" title="Bitcoin is digital">9:35</span> - Bitcoin is digital<br />
<span class="playtime" data-second="596" title="Why is Bitcoin such big news?">9:56</span> - Why is Bitcoin such big news?<br />
<span class="playtime" data-second="705" title="Who accepts Bitcoin?">11:45</span> - Who accepts Bitcoin?<br />
<span class="playtime" data-second="725" title="Conclusion">12:05</span> - Conclusion<br />
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For the complete text guide visit: <br />
<a href="http://bit.ly/2C2zT6e" title="http://bit.ly/2C2zT6e" target='_blank'>http://bit.ly/2C2zT6e</a><br />
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Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:<br />
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See anything we haven't covered? Leave us a comment in the comment section below<i class="fa fa-language transViewIcon clickable" title="Translation"></i>
02:20What is money?00:33Fiat money00:42Fiat money drawbacks01:09Digital money01:47Centralized money issues00:23Enter Bitcoin01:29Bitcoin is transparent00:22Bitcoin is decentralized00:21Bitcoin is digital01:49Why is Bitcoin such big news?00:20Who accepts Bitcoin?00:44Conclusion
What is Bitcoin? Bitcoin Explained Simply
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https://hoyatag.com/100974What is Bitcoin? Bitcoin Explained Simply
Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see.
Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method.
That's Bitcoin in a nutshell. For the complete simple explanation watch this video, here's what I'll cover:
0:50 - What is money? 3:10 - Fiat money 3:43 - Fiat money drawbacks 4:25 - Digital money 5:34 - Centralized money issues 7:21 - Enter Bitcoin 7:44 - Bitcoin is transparent 9:13 - Bitcoin is decentralized 9:35 - Bitcoin is digital 9:56 - Why is Bitcoin such big news? 11:45 - Who accepts Bitcoin? 12:05 - Conclusion
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