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Bitcoin is a currency. The fundamentally useful thing about Bitcoin is it's proof-of-work shared ledger that allows transactions to be conducted and verified b
by shuntress 6y ago
Bitcoin is a currency.
The fundamentally useful thing about Bitcoin is it's proof-of-work shared ledger that allows transactions to be conducted and verified between individuals (through the shared network) independent of any third party or broker.
It is the electronic equivalent of handing someone a physical coin.
It is genuinely pretty neat.
Any actual meaningful application of this use has yet to be realized.
- bollu 6y ago> It is genuinely pretty neat. This captures my feelings exactly about BTC, thank you for phrasing it so succinctly!