I've heard the term several times. I know that it's an online currency, but I'd like to know more, without having to search too hard.

My main questions:

What can bitcoins be used for? Where does one acquire bitcoins? When were they first created?


1 Answer 1


What exactly are Bitcoins?

bitcoins are the right and possiblility to write some data (transaction) to some database (blockchain) passing this right to another person.

What can bitcoins be used for?

What can gold be used for? Trading/exchanging for all other things

Where does one acquire bitcoins?

Where does one acquire gold? Either buy it, or mine it, or steal it, or find it

When were they first created?

When gold was first created? Dumb question. Just think that it exists today

  • So, bitcoins are gold? Virtual gold?
    – GLaDOS
    Jan 26, 2015 at 7:59
  • You can replace "gold" in my answer with "silver", "water" or even "bullshit". This does not matter.
    – amaclin
    Jan 26, 2015 at 8:02
  • 3
    Downvoted. You can choose not to answer, possibly asking to close the question for being poorly researched; but I don't find it legitimate to answer rudely. In particular, "When were they first created?" is not a dumb question. The answer depends on your notion of "created", but I'd say January 3 2009. Jan 26, 2015 at 10:48
  • @MeniRosenfeld I'd argue that they were created over the course of two years prior to the announcement of Bitcoin.
    – Nick ODell
    Jan 26, 2015 at 15:30

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