What is Bitcoin? (v1)

What is Bitcoin? Bitcoin is the first decentralized digital currency. Bitcoins are digital coins you can send
through the Internet. Compared to other
alternatives, Bitcoins have a number
of advantages. Bitcoins are transferred directly from person to person via the net without going
through a bank or clearinghouse. This means that the fees
are much lower, you can use them
in every country, your account cannot
be frozen and there are no
prerequisites or arbitrary limits. Let’s look at how it works! Bitcoins are generated
all over the Internet by anybody running
a free application called a Bitcoin miner. Mining requires a certain
amount of work for each block of coins. This amount is
automatically adjusted by the network such that Bitcoins
are always created at a predictable
and limited rate. Your Bitcoins are stored
in your digital wallet which might look familiar
if you use online banking. When you transfer Bitcoins, an electronic signature
is added. After a few minutes the transaction is
verified by a miner and permanently and
anonymously stored in the network. The Bitcoin software is
completely open source and anybody can
review the code. Bitcoin is
changing finance the same way the web
changed publishing. When everyone
has access to a global market, great ideas flourish. Let’s look at
some examples of how Bitcoins are
already used today: You can purchase
video games, gifts, books, servers and alpaca socks. Several currency exchanges exist where you can trade
your Bitcoins for dollars, euros and more. Bitcoins are
a great way for small businesses
and freelancers to get noticed. It doesn’t cost anything to
start accepting them, there are no chargebacks or fees and you’ll get
additional business from the Bitcoin economy. For your first Bitcoins and
more information, visit: weusecoins.com

100 comments on “What is Bitcoin? (v1)”

  1. Елена Якимова says:

    Paramining PRIZM . It's just … reliable. And very profitable!!!

  2. Интернет Проекты says:

    Next coin Prizm! 👍 yes

  3. CryptoTab says:


  4. Technical work says:


  5. nokturnal gaming says:

    bitcoin down

  6. Tech Giants says:

    Do you know you can earn more than $6000 weekly from mining bitcoins without doing any job? It’s very easy and lucrative and you don’t have to do any job, ask me how it’s done and I’ll share the info with you
    Email me on [email protected] or WhatsApp +16316333693

  7. Binance Bitcoin says:

    Here you can buy Bitcoin and other cryptocurrencies. The largest and the best stock market. binance .je/?ref=35031902 .Remove spaces after binance

  8. Crypto Videos GEO USA RUS says:

    nice video

  9. Dingle Dong says:


  10. The SuperHeart . Org Foundation says:

    TIME TRAVEL IS REAL… YOU HAVE NO CLUE WHAT satoSHi nakamoto's ORIGINAL VISION WAS IF YOU DON'T UNDERSTAND THAT BITCOIN WAS TO ENABLE HUMAN'S TO TRAVEL AT OR FASTER THAN THE SPEED OF LIGHT… YOU… ME… WE ARE NOTHING BUT INFORMATION AND CODE… IDIOT IS THE ONE WHO USES GOLD & SILVER ONLY AS JEWELRY… SEE YOU IN 2020… *MISSION: To exponentially inspire a new age philosophical renaissance movement by spreading unconditional Honor, Respect, LOVE, LIGHT and peace worldwide, perpetually ending ignorance and poverty through a righteous process of METANOIA by 2020… One country, One neighborhood, and ONE HEART at a TIME!!! (steal this… please)

  11. amir pior says:

    Help a man…
    Thanks for your help
    ETH : 0x36c4f2f08fc78cb559407c08b658b1b78c7b66b5
    BTC : 12XQBJTu8KabaJwLWitdTWAVVrSkJUvHMo

  12. Steve Chrasgnon says:

    Vraiment une bonne introduction

  13. truth 911 says:

    English please

  14. The SuperHeart . Org Foundation says:

    Accumulating BTC since 2012… Got in on the ground floor with LTC & TrX (for speed) iOST & ZIL (for scalability) NCASH & TNB (for resource buybacks and mining)… Just bought another 100,000,000 HOT, NPXS, DENT & BTT (for resource buybacks and mining FOR INFORMATION is knowledge and KNOWLEDGE is POWER) each @12 satoSHis… Invest with confidence and patience… They WILL ALL 100x – 1000x by 2020!! 😉 HODL

  15. Alex Galvan says:

    Can anyone help me get started with bit coin like donate me just one bit coin to get started I want to start a business Cash app me redemptionflexx7

  16. totalfreedom45 says:

    As of February 2019 there are 1658 cryptocurrencies; 95% of them will melt away, according to Matt Hougan—https://blockonomi.com/bitcoin-already-won-race-cryptocurrency-king/#comments 💕 ☮ 🌎 🌌

  17. Climate Tech says:

    Prizm attracts attracts a lot of annoying spammers, I think I'll stick with the OG – Bitcoin.

  18. frank brown says:

    Sir you are amazing, thank you so much

  19. AbdulGhaffar khatri says:

    Plz Earn

  20. Mr. Losemaker says:

    Join the biggest BTC giveaway ever to win up to 62 BTC for free! No scam, giveaway is from a trustworthy trading site. Join here: https://bit.ly/2H95o0O

  21. Bitcoin ouro digital says:

    FX TRADING pagando diariamente em bitcoin, até 2,5% ao dia em arbitragem, não perca tempo venha conhecer a evolução em criptomoedas. (12)98161-3963 whatsapp
    Para maiores informações nosso grupo de suporte oficial

  22. daniels jack says:

    A whole lot of profit can be made from bitcoin options trade with the right strategy. Last week I realized a profit of $7300 from trading btc worth $1400 with Mr Richard Scottfield's strategy.

  23. Andrei says:

    lol too much paid shill comments about a scam coin called PRIZM, careful everyone. Bitcoin is the only one you should focus in

  24. darcypjohnson says:

    cheapest safest way to get bitcoin fallow the link https://cobinhood.com?referrerId=3a382982-85b2-4d10-9581-f9246d58c085

  25. Kyle Usher says:

    Why the fuck couldn't I have found this in 2011?! Waaaaah! 😢

  26. Derek Bowdoin says:

    Learn how to read a chart to trade bitcoin, altcoins, futures, stocks, etc.


  27. guy armoni says:



    Brothers could donate me some bitcoin so that doctors can take care of mom, many graces and a thousand blessings my id is:


  29. Crypto Videos GEO USA RUS says:

    nice video : )

  30. 王琦 says:

    玩币特比的币友请加我微信:perfectmolan 或者电话 15936595758

  31. Rs S says:

    Remember you can get $10 free btc on $100 purchase here: https://www.coinbase.com/join/59beb97be469f700d8f40b5b

  32. asif mittal says:

    Sign up for free and receive 50-500 CNNS token, (maximum bonus is equivalent to $ 7.5)
    CoinNess App has more than 3,000,000 cryptocurrency investors worldwide.
    CoinNess token, CNNS, will be listed on exchanges in first half of 2019.

  33. asif mittal says:

    Free 50$ just sign-up and follow.

    invited you to join Coinbase and buy your first digital currency!

  34. Jessica witherford says:

    When it comes to mining mr pavil Conrad is an upper crust.

  35. FooledbyRandomness2 says:

    Hello hodlers ! Today 22 December 2020 Bitcoin just hit 256.000 $. I think it's a bubble, i'm getting out !

  36. Cry of the Earth says:

    allles was von zionisten kommt, ist nur scheiße

  37. Roberto Morizake says:

    para quem quiser se cadastrar na binance exchange (if you want to register in binance exchange https://www.binance.com/?ref=25803189 ) my referral link

  38. Pickle Rick says:

    Wtf is a miner

  39. Zahid Husain says:

    I need 50 bitcoins here is my bitcoin address – 1A7VnxQEqet5vuSqP2ZaLEwaWADgttrNAi

  40. NostalgiNorden says:

    I still don't get it.

  41. J H says:

    anyone else here from 'UltimateCryptoAlerts'?

  42. Ravi Bhojwani says:


  43. dlnowparty says:

    How I bought 2 Million Bitcoin. 🤯😲😲https://www.publish0x.com/the-bear-market-comedian/how-i-bought-2-million-bitcoin-xxozpn?a=5xe76Yjd7r

  44. العملات الرقمية says:

    Booste your Bitcoin income 8x times by using CryptoTab as your Default Browser.

  45. quocgiap Vu says:

    tuyet voi

  46. عموري الزينFM says:


  47. muffinspuffinsEE says:


  48. Zaebiaszczo says:

    free bitcoin https://www.youtube.com/watch?v=-Y7O9JTqK3k&t

  49. Alicia key says:

    Wow!!! I just get Free Bitcoin now Thanks to M Pee 😍😘🎀🙏 they help me through. For fast and reliable 24/7⏱ PayPal/Bitcoin/Blockchain💻 hacks or any type of software and hacking tools for sale 📟…Contact☎️via WhatsApp … M Pee +1(971)808 1265… She credited my bitcoin wallet within 2hrs of payment.

  50. Susan Vila says:

    just in two month i made over €37,000 investing in a mining farm. who says bitcoin isn't profitable?

  51. pixisadie says:


  52. Modal Android says:

    Nice video

  53. bob bobbie says:

    Please donate to the Bitcoin address: 3HtZRKDc4NtzWwAaSixVpge1cHpTKHhgEc to help a good friend receive back surgery. He's a nurse who suffered a horrific accident and his only hope to get back out of severe depression and chronic pain with the chance of living a normal life is to have surgery. Please donate, anything helps. God bless.

  54. Bitcoins Como Funciona says:

    Top!!! ver um vídeo de 2011 e em 2019 ver isso se realizando!!!

  55. Sean C says:

    im trapped inside my computer, please send btc bc1qff9j0ul957gp4z3wuqtfdkkshlkru5008zv0yy

  56. d k says:

    1Mz6pts1pXzacCGwfgdqA7kvimNwxMqMkC plz give me bitcion satoshi nakamoto

  57. ValakSelect Vanderva says:

    No investment!, Free Computta Smart Miner, Easy way to earn extra income Payment proof at the start and at the end of the video (payment proof update weekly) more info here: https://www.youtube.com/watch?v=5V8vTmvfM08

  58. Mutuuka Luchembe says:


  59. ValakSelect Vanderva says:

    Earning money with your browser was never SO EASY !, You want to know how to get it here: : https://tinyurl.com/yylastmq

  60. Trish Maine says:

    Search for Jason Jaxx on Youtube, his video helped me earn 2.5 BTC today. Nice Video!

  61. Jonas Taghizadeh says:

    Use this link to complete a 2min survey and get free stellar on coinbase then sell it to get 10 dollar in BTC: https://coinbase.com/earn/xlm/invite/3y9mtr8d. I can confirm that it works as long as you have or create a coinbase account. You can find the answers here: https://m.youtube.com/watch?v=JI9FV0iJiI0

  62. Dibyajyoti Roy says:


  63. Adam XRP Son says:

    Looking for comments that were made 8 years ago..

  64. kate welson says:


  65. I Hack U says:

    Yeah.. For those who wondering the first transaction of bitcoins was buying a pizza for 10,000 bitcoins!

  66. support site says:


    pending and not Payout

  67. Bitcoin Square says:

    Excellent video.. Go Bitcoin (₿)

  68. ali el zein says:


  69. Moomoo dancer says:

    Would not recommend this money dupe. Nothing like a real thing don't trust computers.

  70. posadero says:

    waiting for your donation btc: 1EtsYcCAnbMzPByTVEY6rjsRphrMkai8Rm

  71. ER AY says:

    Would you like to support for school?

    Wallet address : 15XEjw6S2K1C4zYNJeBJzM5FCfNsAn7SFM

  72. Funny Video says:

    Bro please send me 2 bitcoin

  73. Best Bitcoin Mining says:


  74. Btc game says:

    Suреr vіdeo sїr 👌👌
    Frее bіtсоіns оn mу сhаnnel

  75. Adoracion Bautista says:

    You can earn here free and everyhour. Swear i have proof tho its not that big https://youtu.be/VfM4T125PQY

  76. SeReGa says:


  77. TTecchio JR says:



    Tag -100279069



  78. Eructation RolePlay says:


  79. Lynn Horn says:


  80. Play Music says:


  81. June Lue says:


  82. Eric says:

    Noooo why didn't this show up in my recommended videos list in the spring of '11

  83. Andrey Silva says:

    Can someone give me bitcoin I'm going through financial difficulties, if someone can give me a little I will be forever grateful ..

    Follow my portfolio: 1PfbzRHtKY3D6gbE1bNfTuYrBPEA6dS6Vz

  84. EMRAH Gurcan says:

    Ananı avradını sikim neden görmedim ben bu video yu

  85. Real Income says:

    Hello Sir i am from Bangladesh. Sir my father is very weak by brean tumer. We are very poor. I am new freelancer. Sir please help me. Doctor say oparetion immediate.

  86. Николай Малюткин says:

    mysolidcoin.com scam Мошенничество, не платит.

  87. Jonnie Huber says:

    Early Last year I decided to go into bitcoin and learn about it and with just limited knowledge I decided to give it a shot by buying and that was in mid-2018 after a friend of mine told me the importance of Bitcoin to the economy. I was afraid initially at but after I have seen several use cases I decided to buy 7BTC and I left it in my wallet expecting the price to rise like the previous year in some months time due to my how I understand the market but it never happened. In fact, it became worse that the value of my coins drop down to the fact of me almost giving up on the cryptocurrency market and selling off but I hold on to my patience and did a little research on how I can earn profit with my coins. After an intensive research I found a beginners trading post talking about a strategy on how to trade and make profit so I decided to give it a try and I contacted the person in charge, Mrs. Helena Lindberg. He took time to explain to me the different ways to make profit in this bearish market. I decided to give it a try and I invested 3 BTC of my coin, and it quickly rose to 9 BTC towards the end of December 2018, and I was convinced that this is the best way to make a good profit from Bitcoin. If you're still confused and don't know the step to take to profit in this new year I urge you to contact [email protected] or via whatsapp: +447427424057 for all your cryptocurrency questions, strategy and beginners coaching and you will be glad you did.

  88. HMG HUMANGAMER says:

    Is anyone trying weusecoins.com?

  89. HMG HUMANGAMER says:

    im speaking for people that watching in 2025 that I or people that have been calling out to by bitcoin but you guys don’t care about your cash in the future and I feel very sorry for you guys that you jump in the market and now I’m probably being very rich because right now the price is $10k but when you are watching right now I believe that the price probably 100k+ so bad luck guys that you didn’t buy when it’s still cheap

  90. TWO SIDED GAMERS says:

    Want free bitcoin? http://www.freebiebitcoin.com

  91. haruthai chaloeichit says:


  92. -- says:

    Bitcoin it''s awesome.
    Dice🎲Slots🎰Roulette💎 ⭐ Get 10 Free Credits Now 💎💣🎰

  93. qassim m says:

    I have known Bitcoin since 2010 and from the start I believed in it? Especially for someone like me living in a country devastated by the ugliest wars of the twentieth century. Unfortunately, the Internet service entered my country in 2008 and is lagging behind. Like electricity destroyed by the brutal criminal Mr. Bush.
    I couldn't buy Bitcoin. Due to the US sanctions and the worst economic siege conditions since 1991
    There is no electronic payment method or bank. So far 2019 Paypal site and all sites reject my country.
    Thank you Mr. Satoshi for this invention, but how does it benefit people like me in the Third World?

  94. agatha helena says:

    omg i just received 4 btc from vastrangelinks ,com they are legit

  95. Aline Silva says:

    Earn rewards, bitcoins and gift cards by completing simple tasks. Check this out: https://bituro.com/r/1983740

  96. Bittax says:

    Bitcoin tax calculation https://www.bit-tax.com/

  97. 邓涛 says:


  98. John Clinton says:

    Nice video but trading with [email protected] m a i l. com has really made me understand what it takes to win trade

    A great deal of people in this trading market now are having continuous loses due to mistaken systems and informations. Mr markeverestrade system stands out because of the high profit turnouts it generates. You can reach him via his Email [email protected] m a i l. com for his assistance. He has unique strategy


Leave a Reply

Your email address will not be published. Required fields are marked *