What do they mean when they say bitcoin is just an algorithm?

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Means Bitcoin's rules are math-based, no human bias.

It's like a robot running the cash register! πŸ€–πŸ’°πŸ”„

Would you be able to know if this string is a base58 or base64 format?

Dc4PIeS7TScjIjrT+Q/RnQINfbPATtK34aCZhKak0dbuzDQukoyaVd5moQCuA2UB119j8KgMyENa