Here’s our first overview of Bitcoin. We will start with two broad definitions, some basic terminology, and a video on Bitcoin discovery. Do not worry if you do not grasp everything yet. We are getting to know Bitcoin, little by little.
Bitcoin in a nutshell...
Bitcoin is money no one can take without your permission. It cannot be inflated away or confiscated, because no one person, company, or government controls it.
...and here is an alternative take:
Main use cases
Now that we’ve described it in broad terms, let’s look into Bitcoin use cases: let’s answer the central question: “What can Bitcoin do for us ?”
We already mentioned some of its advantages: its scarcity, inclusiveness, peer-to-peer nature, and resistance to censorship… Yet there’s so much to say about Bitcoin’s usefulness that a more structured approach is warranted. The following – non-exhaustive – list presents key use cases for Bitcoin.