Bitcoin in Quotes

People new to cryptocurrencies have find the very definition of Bitcoin not an easy concept to grasp, especially since typically, the capitalized word "Bitcoin" refers to the technology and network, whereas lowercase "bitcoin" refers to the currency itself. As we all know, Bitcoin is the most accepted and victorious online digital currency that was first introduced in 2008 by a mystifying pseudonymous developer, Satoshi Nakamoto.

It is also a decentralized peer-to-peer payment network. This network serves as the host to all transactions made and is easily accessible to any Bitcoin user around the world. In addition, the transmition of funds from one user to another in the network is swift and secure. It is user generated; thus, the behavior among users dictates how this virtual currency performs in the market. Although it has no central authority that controls it, it is used as an lternative to fiat currencies like the U.S. dollar, British pound, or Japanese yen.

The bitcoin network is controlled by all its users worldwide. Though the developers are improving its software, they have no power to force a change in the Bitcoin protocol. Hence, you can be assured that no one intervenes in your bitcoin transaction, not even a bank or any government. Given this, bitcoin is as well an independent currency since it is backed by no one therefore it is completely unregulated.

There is a lot of other ways to define this groundbreaking cryptocurrency, but for newbies on this matter, a site called igotbitcoin.com offers a random bitcoin quote generator than can educate people about BTC with a few words only.

Here are some of the examples:

1. One of the main reasons for the increasing reputation of Bitcoin among merchants and clients is that it shrinks transaction costs.
2. In the future, the struggle will be not be about getting IN to Bitcoin, but about getting OUT of your bank account.
3. Bitcoin will outlive the banking lawmakers and tyrannical groups. The converse however is improbable.
4. Bitcoin's blockchain is the most notable Computer Science invention of the century.
 
5. Give away a modest amount of bitcoin to new people and explain how it operates, then assist them get setup to handle it for themselves.
6. Bitcoin doesn't just disrupt money. It also disrupts the models of current corporations, macro-economics, nation-states and the Internet.
7. Bitcoin is a technology and an innovative form of money.
8. Bitcoin is a breakthrough that facilitates distributed consensus over a shared asset ledger without counter-party risk.
9. Bitcoin is a consensus network that enables an innovative payment system and a fully electronic money.
10. Bitcoin is a currency that is created digitally and traded between individuals without going through a financial intermediary.
11. The grand undertaking that is Bitcoin has fought many setbacks, all of which were conquered by the community.
12. Unless something fails in the Bitcoin software that cannot be mended the fundamentals are no different at $1000 than they were at $1.
13. Previously unsolved dilemma in computer science is to transfer info without making a copy. Bitcoin's answer enforces digital scarcity.
14. The experiment that is Bitcoin has battled many crises, all of which were resolved by the community.
15. Bitcoin is the world's first true approach to electronic cash, that allows peer-to-peer value exchange online.
16. The Internet of Money, Bitcoin, is liberating 50 yrs of pent up innovation in finance, because it offers innovation w/o permission.
17. Misplaced Bitcoins is not an issue. It multiplies the value of existing bitcoins.
18. Bitcoin is a set of rules, not just a form of money. Currency is only the first app.
19. The Internet of Money, Bitcoin, is liberating 50 yrs of contained innovation in finance, because it offers innovation w/o authorization.
20. Bitcoin is a new innovation that enables an original payment system and a completely digital cash.
21. Many thought leaders believed the Internet was rubbish when it was first introduced. Bitcoin could be just as groundbreaking.
22. Sooner or later, banks will adopt Bitcoin, just like telcos found a way to make a dime on the Internet.
23. In the future, the struggle will be not be about getting IN to Bitcoin, but about getting OUT of your bank account.
24. Consider Bitcoin as being a currency and a breakthrough in computer science.
25. At the start you're interested and envious of people having it, then you have it, and then you want more. Bitcoin is just like sex.

Should you desire to generate more, you may do so at igotbitcoin.