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What Is Bitcoin? - Nairaland / General - Nairaland

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What Is Bitcoin? by Holysholay: 11:52am On Jan 14, 2017
I ain't a participant of MMM but i read this morning that a lot of people are confused about BITCOIN the more they tend to find out what its all about and how to purchase it. Do one sell it to get money back?

If you have an idea and/or important info on bitcoin, kindly educate us in less than 2 sentences. Epistle may only confuse the public the more.
Re: What Is Bitcoin? by babseg(m): 12:33pm On Jan 14, 2017
Holysholay:
I ain't a participant of MMM but i read this morning that a lot of people are confused about BITCOIN the more they tend to find out what its all about and how to purchase it. Do one sell it to get money back?

If you have an idea and/or important info on bitcoin, kindly educate us in less than 2 sentences. Epistle may only confuse the public the more.

Bitcoins are crypto currency allegedly to be invented by a Japanese man.

You can buy it to trade for services

Or can be mine it which is free but you will have to solve a simple mathematics or hard one I don't know . But you will have to fast to get the answer or someone else will get it before you. Now there are mining software that does that.

There are 20 million bitcoins that will be generated until 2040. So every 10min ( but I'm not sure) a bitcoin is generated.
Re: What Is Bitcoin? by babseg(m): 12:41pm On Jan 14, 2017
I wanted to trade bitcoins but I'm skeptical about it because I was into many things before.

I have done something like this MMM before I lost my money. So no way I will ever do something like MMM .

I don't know if you have heard about egold or ebullion . It was like bitcoins I did that too but the US government shut down the website because drug dealers were using it move money .

It's better to do something when it first came out not when every is crazy about it because that's when it will crash . Just my own view

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Re: What Is Bitcoin? by ihedioramma: 1:18pm On Jan 14, 2017
Holysholay:
I ain't a participant of MMM but i read this morning that a lot of people are confused about BITCOIN the more they tend to find out what its all about and how to purchase it. Do one sell it to get money back?

If you have an idea and/or important info on bitcoin, kindly educate us in less than 2 sentences. Epistle may only confuse the public the more.
Think of your life were you want to be and how to get there . forget all this MMM,NNN OR BITCOIN e.t.c all are new name for 419 . Read there risk and think .

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