Describe bitcoin in less than 20 words \ stacker news ~bitcoin

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1389 sats \ 21 comments \ @Scoresby 31 Jan bitcoin

Fixed supply money you can send to anyone anywhere anytime and no one can stop you.

Can you do better?

340 sats \ 1 reply \ @OriginalSize 31 Jan

Honest private money with 2,100,000,000,000,000 satoshis for all the world to share. Secured by math and energy. Beacon of hope.

201 sats \ 0 replies \ @Scoresby OP 31 Jan

The "secured by math and energy" part was missing from my description. I like that you included that.

333 sats \ 2 replies \ @0xbitcoiner 31 Jan

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution"

21 sats \ 1 reply \ @Scoresby OP 31 Jan

You get extra sats for quoting the white paper.

30 sats \ 0 replies \ @0xbitcoiner 31 Jan

There is no better way to describe bitcoin than the original description :)

357 sats \ 2 replies \ @k00b 31 Jan

Decentralized permissionless ledger for recording the exchange of an asset with a fixed quantity.

20 sats \ 1 reply \ @joda 31 Jan

Immutable verifiable pseudonymous and divisible too!

I'm not sure about "fixed" maybe "maximum"?

148 sats \ 0 replies \ @k00b 31 Jan

I'm not sure about "fixed" maybe "maximum"?

Finite might be better

Immutable verifiable pseudonymous and divisible too!

I think some of these can be assumed from the rest of words in part:

a well functioning ledger is immutable and verifiable
permissionless implies some degree of anonymity

207 sats \ 1 reply \ @cyberpunk0101 31 Jan

Code.

51 sats \ 0 replies \ @Scoresby OP 31 Jan freebie

Succinct, but if I say that to someone who doesn't know anything about bitcoin, what happens?

They probably say, "What?" And then I say, "It's knowable rules implemented by a computer." Or something like this.

I like the spirit of it, but question the usefulness.

163 sats \ 0 replies \ @JohnB 31 Jan freebie

Digital currency, decentralized, blockchain-based, secure, anonymous, independent of central authorities.

160 sats \ 0 replies \ @sagars209 31 Jan

Obama did it the best… Swiss bank in your pocket !!

40 sats \ 0 replies \ @cryotosensei 31 Jan

Frees me from the chains of fiat n empowers me to be in control!

81 sats \ 0 replies \ @PRA3S3NT1A 31 Jan

A digital cash system that works without any third party. Therefore, partly anonymous that represents the privacy of physical cash. It is backed by math and code, which are being audited roughly every 10 minutes for avoid any misbehaviour.

61 sats \ 0 replies \ @343pg 31 Jan

I’ll go for a mix of Cathie Wood and Jason Williams…

“Bitcoin is the first open-source, global private digital rules-based monetary system. Hard money you can’t fuck with.”

40 sats \ 1 reply \ @398ja 31 Jan

Freedom money

31 sats \ 0 replies \ @Scoresby OP 31 Jan

I often use freedom money. It's a good one.

40 sats \ 0 replies \ @Roll 31 Jan

In 20 Words Bitcoin is :

Resilient, Decentralized, Distributed Ledger, Secure, Pseudonymous, Revolutionary, Future, Digital Money, Borderless, Commodity, Empowering, Economy, Cryptography, Satoshi Nakamoto, Mining, Proof of Work, Bankless, Without the middle men, Cypherpunk, OpenSource.

30 sats \ 0 replies \ @SatsCats 31 Jan

I tend to say: the complete opposite of the current financial system.

Because then I get people to question the existing system and help them identify gaps in their current knowledge of "money".

20 sats \ 0 replies \ @Coinsreporter 31 Jan

Bitcoin is democratic form form of money.

10 sats \ 0 replies \ @alin 31 Jan

Digital divisible gold but with fixed supply that will lead to prosperity because it enables deflation