Is this word salad?
Bitcoin is a type of digital money that exists only on the internet. Unlike regular money (like dollars or euros), it's not controlled by any government or bank. Instead, it runs on a system where lots of people help keep track of all the transactions using a special kind of technology called "blockchain."
Imagine it like a digital ledger or a notebook that everyone can see, but no one can change unfairly. When you send or receive Bitcoin, your transaction is recorded in this notebook. The system uses computers to solve complex puzzles to make sure the transactions are secure and to "mine" new Bitcoins. This is how new Bitcoins are created and how people are rewarded for helping run the system.
In short: Bitcoin is online money that people trust because it's decentralized (not controlled by one person) and very hard to cheat.
Brunswick
npub1c8…q6lkc
2024-10-11 18:21:11
in reply to nevent1q…znat
Author Public Key
npub1c856kwjk524kef97hazw5e9jlkjq4333r6yxh2rtgefpd894ddpsmq6lkcPublished at
2024-10-11 18:21:11Event JSON
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"content": "Is this word salad?\n\nBitcoin is a type of digital money that exists only on the internet. Unlike regular money (like dollars or euros), it's not controlled by any government or bank. Instead, it runs on a system where lots of people help keep track of all the transactions using a special kind of technology called \"blockchain.\"\n\nImagine it like a digital ledger or a notebook that everyone can see, but no one can change unfairly. When you send or receive Bitcoin, your transaction is recorded in this notebook. The system uses computers to solve complex puzzles to make sure the transactions are secure and to \"mine\" new Bitcoins. This is how new Bitcoins are created and how people are rewarded for helping run the system.\n\nIn short: Bitcoin is online money that people trust because it's decentralized (not controlled by one person) and very hard to cheat.\n\n",
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