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What is Bitcoin?

8 like 2 dislike
  • This is what Wikipedia says Bitcoin is in the last paragraph: 

Bitcoin has been compared to a form of digital money that uses various processes securing transactions "between untrusted third parties, without the need for a central authority or bank

asked Oct 26, 2016 in Business Opportunity by CryptoCat IBO Master (8,130 points) 1 flag
edited Oct 26, 2016 by CryptoCat
Most interesting- someone actually dislikes this question.
Sufficiently so to have even flagged it.

I note that all my Bitcoin-related questions (all equally succinct and as unambiguous as this one) received a dislike before any answer or comment had been made.

Very interesting that such basic questions would garner dislike.

I intend being an active member of IBOanswers and intend using my membership here to inform, add meaningfully to the debate, be informed and to drive an SEO campaign. As such, I take it it to heart should my questions cause unhappiness.

Would the member who disliked, kindly drop me a note as to why you dislike my questions?

2 Answers

4 like 1 dislike

Here's an overview article regarding Bitcoin that I posted on Better Life Focus:

Bitcoin? Who Knows? But Block Chain Is Here to Stay

The advent of e-currency as coin of the realm is inevitable. It'll take a few years yet, and something better than Bitcoin may prevail. As I mention in the article, though, it's the block chain that's the featured technology here.

answered Oct 26, 2016 by Kjell Sherman IBO Guru (4,480 points)
2 like 1 dislike
I don't know too much about Bitcoin, however it looks like you already do CryptoCat!  I did hear at one time that Paypal was going to accept Bitcoin, but really not sure. It seems in our online world of doing business, this could be a great alternative, however still could take awhile to catch on and be put into play.
answered Oct 26, 2016 by marketwithkris IBO Specialist (44,210 points)
Still learning every single day, Kris!
And really enjoying the journey.
I heard the same thing about Paypal, but then we parted ways (intractable dispute and PP does as they do- froze my account and I don't use them anymore) so also not sure.

However, why not simply deal directly in Bitcoin? (Dump the dinosaur PP). Minuscule fees, privacy, no hoops, no chargebacks, direct, almost instant. Nowadays I transact almost exclusively in Bitcoin. If Btc or direct card payments aren't available on a site, I simply skip and look for an alternative vendor that does.

There are a number of Bitcoin payment gateways available for site owners. Or simply accept manual payments without the need of anything else. I'd love to see IBO start accepting bitcoin. In fact, a few days ago I wanted to buy ads on IBOtoolbox and had there been a Btc payment option, I'd have bought.

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