A Decentralized Global network/system for exchanging and storing values like currency.
*In five key words, Decentralized Electronic system for transferring values
Topic: 5 Key words (short sentence) to explain BTC - page 3. (Read 434 times)
For some reason, I wasnt able to say much beside :
-Its decentralised, its a «store of value», it can be seen as «property» (as opposed to land or house or anything that a govt can seized from you), and that all transactions or public to everybody via Blockchain.
You only make it more complicated, how can a kid understand bitcoin for all of these you have in mind? There's no way a kid can understand such statement or I don't think you should tell a child about bitcoin or blockchain in the very first place.-Its decentralised, its a «store of value», it can be seen as «property» (as opposed to land or house or anything that a govt can seized from you), and that all transactions or public to everybody via Blockchain.
A simply "alternative money that can be transferred online" is much easier explaination for their age, technicals can be learned when they're at the right age to learn more.
I've been reading a lot about Bitcoin, watching interviews...
Regardless of different interpretations and different opinions, I always go back to the beginning, because who can better explain Bitcoin than the person who imagined it and made it possible to exist.
Quote from: https://bitcoin.org/bitcoin.pdf
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Of course, this is just one sentence, but anyone who wants to understand Bitcoin at least to some extent should really read the white paper, and then look for other opinions and explanations. Besides, Bitcoin is not something I would explain to children (at least under 10-12 years of age), and to people who don’t want to understand it from some of their personal beliefs.
Hi all,
I've been reading a lot about Bitcoin, watching interviews from Michael Saylor, Robert Breedlove, Pomp, Preston Pysh, read a book on Bitcoin/Blockchain......but for some weird reason, i still cant formulate a basic description of what is Bitcoin.
Yesterday, I was by myself and I asked myself : If you had to describe Bitcoin to a kid, or anybody, the very basic or simple aspect of it, how would you do it ?
For some reason, I wasnt able to say much beside :
-Its decentralised, its a «store of value», it can be seen as «property» (as opposed to land or house or anything that a govt can seized from you), and that all transactions or public to everybody via Blockchain.
I dont know if im retarded (loll) but I was very insastisfied of my description of Bitcoin compared to the work i've done to educate myself. Seems like the informations dont want to sync in my brain...
In a simple way, if you would like to explain to a friend the basic concept or nature of bitcoin, what would be the 5 key points/short sentence that you would say ?
Once again, thank you Bitcoin family.
Always interesting to see your response !
I've been reading a lot about Bitcoin, watching interviews from Michael Saylor, Robert Breedlove, Pomp, Preston Pysh, read a book on Bitcoin/Blockchain......but for some weird reason, i still cant formulate a basic description of what is Bitcoin.
Yesterday, I was by myself and I asked myself : If you had to describe Bitcoin to a kid, or anybody, the very basic or simple aspect of it, how would you do it ?
For some reason, I wasnt able to say much beside :
-Its decentralised, its a «store of value», it can be seen as «property» (as opposed to land or house or anything that a govt can seized from you), and that all transactions or public to everybody via Blockchain.
I dont know if im retarded (loll) but I was very insastisfied of my description of Bitcoin compared to the work i've done to educate myself. Seems like the informations dont want to sync in my brain...
In a simple way, if you would like to explain to a friend the basic concept or nature of bitcoin, what would be the 5 key points/short sentence that you would say ?
Once again, thank you Bitcoin family.
Always interesting to see your response !
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