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The Greatest Bitcoin Explanation of ALL TIME (in Under 10 Minutes)"A'ight so, listen up. Bitcoin be a digital currency, sorta like virtual money. People be usin' it to buy things online and transfer funds wit'. Bitcoins derive their value from trust, functionality, and market supply and demand. Bitcoin satisfies all of the characteristics of money. With Bitcoin, the ledger is decentralized. And that means that no one individual or entity has the power to arbitrarily create new units .