"Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Released as open-source software January 3rd 2009" - Wikipedia https://en.wikipedia.org/wiki/Bitcoin
Satoshi Nakamoto is the name used by the person or group that create Bitcoin. Nobody really knows who created Bitcoin. The truth is... Only the creator knows who created it. For more info about "Satoshi Nakamoto" check out https://en.wikipedia.org/wiki/Satoshi_Nakamoto
Bitcoin can be used to pay rent, bills, buy food, gas, almost anything public or private.
Directly - you can send Bitcoin directly to another personal or company Bitcoin Address
Indirectly - using third parties like purse.io you can spend your Bitcoin online at some places that dont directly accept bitcoin
Cash Out to Fiat - using services provided by companies like Coinbase coinbase.com you can sell your Bitcoin to USD into your bank account.
Bitcoin can be stored in many ways:
Paper wallets - Bitcoins are store physically on a paper backup of the Private Key and usually also the Public Address, this can often be the safest way to store Bitcoin as long as it comes from a trusted source.
Hardware Wallets - Stores your bitcoins on Physical Devices that are computers or can be connect to computers or sometimes used as a stand alone device..
Online Wallets - Often the easiest but not always the safest way to store or use bitcoin. One of the best online wallet to use if you are gonna use and online wallet is
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