Wondering about bitcoins.
By marguicha
@marguicha (230351)
Chile
April 22, 2016 9:45am CST
Lately, I have seen the word "bitcoins" in many internet pages. I wonder what they are and what is their use.
The web has brought so many changes in our lives that we cannot keep up with them.
I remember that when I heard the word "paypal" for the first time, I had no clue about what it was. The closest in my vocabulary had been penpal. I used to write to a friend in another part of the world when the web did not existed.
Now, the latest for me is "bitcoin". The word coin implies that I can buy something with it, but I don´t understand how I earn them or where I can use them.
Any help?
6 people like this
5 responses
@Mike197602 (15504)
• United Kingdom
22 Apr 16
Very basically it is sort of a digital currency...but it isn't really
Actually there is a lot of debate about if it's a currency or not but for this very simple explanation I'm saying it is a sort of currency
You can be paid in bitcoins on the internet and you can store them digitally.
There are not any coins or notes just keys you need to access the bitcoin place.
I've seen bitcoin pictures but don't know why they exist as its purely digital.
For a more detailed explanation ask someone else as it's too much to type
Actually there is a lot of debate about if it's a currency or not but for this very simple explanation I'm saying it is a sort of currency
You can be paid in bitcoins on the internet and you can store them digitally.
There are not any coins or notes just keys you need to access the bitcoin place.
I've seen bitcoin pictures but don't know why they exist as its purely digital.
For a more detailed explanation ask someone else as it's too much to type6 people like this
@marguicha (230351)
• Chile
22 Apr 16
And if you get bitcoins, where can you buy something with them?
3 people like this
@marguicha (230351)
• Chile
22 Apr 16
@vandana7 It seems that we+d better not get into them.
2 people like this
@marguicha (230351)
• Chile
22 Apr 16
Unfortunatly none of the lotters that know have responded my question
1 person likes this
@AkoPinay (11496)
• Philippines
23 Apr 16
@marguicha I already message you my blog link
1 person likes this
@marsha32 (6631)
• United States
23 Apr 16
bitcoins have been big for awhile and I have never understood them....I wonder if by chance they are anything like the zubees I collect and you can exchange it for real cash that you can use? I know you supposedly can pay for some things with bitcoins.
I know there are some traffic exchanges where you can earn them.
p.s. I replied to your email.
1 person likes this
@marguicha (230351)
• Chile
23 Apr 16
I will check.
I also collect zubbees but I turn them into money at my paypal account as soon as I have 10 cents.
@marguicha (230351)
• Chile
23 Apr 16
Where did you send your reply? I did not see it at hotmail nor at messages here.
@jstory07 (148731)
• Roseburg, Oregon
22 Apr 16
I do not want to get into bitcoins. I will stay with pay pal.
@marguicha (230351)
• Chile
22 Apr 16
Even rocks or other currency from other times is better.
1 person likes this
