Any other to add to the list?
Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.
I know bitcoin is a new type of money. But why do you say the bolded part?
Topic: Best aspects of Bitcoin to tell someone about? - page 2. (Read 1973 times)
Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.
I know bitcoin is a new type of money. But why do you say the bolded part?
Any other to add to the list?
Limited supply, which is very good argument for anarchist/liberal crew. Re-definition of money, actually, the first real money.
You can hold an entire wallet in your head. knowledge = ownership.
Far vision but NO bank needed.
you can use your usb as your personal bank account.
and backup it anywhere you want.
you can use your usb as your personal bank account.
and backup it anywhere you want.
One of the biggies is that the blockchain is a public ledger of all transactions between wallets, showing when coins were minted up to the wallets in which they now reside. Transparency with a tweak of anonymity.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
With something like Trezor you can store them both conveniently AND securely,
.At a cost, of course
Convenience and security is where its at. Humans are usually the weak link in any secure system, but I'm sure that Trezor users are pretty clued up on the basics
And soon we'll be running around with RFID tags that are used to verify payments. And people are going to go cut off fingers so they can steal coins...
I'd like to think that humanity would see the pitfalls of such an implementation before falling foul to the obvious criminal implications. That would be taking convenience and security to polar opposites lol.
But then again, we can be inherently stupid. I'm not comfortable with the whole contactless payments that can be made using cards.
People are already running RFID's for different purposes. Some for unlocking their cars, turning off house alarms, etc. People even RFID tag their pets so they can find them easier. I don't see this as being too far-fetched.
There are even kits you can buy now that let you RFID tag yourself (it's got a needle that injects into the skin).
One of the biggies is that the blockchain is a public ledger of all transactions between wallets, showing when coins were minted up to the wallets in which they now reside. Transparency with a tweak of anonymity.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
With something like Trezor you can store them both conveniently AND securely,
.At a cost, of course
Convenience and security is where its at. Humans are usually the weak link in any secure system, but I'm sure that Trezor users are pretty clued up on the basics
And soon we'll be running around with RFID tags that are used to verify payments. And people are going to go cut off fingers so they can steal coins...
I'd like to think that humanity would see the pitfalls of such an implementation before falling foul to the obvious criminal implications. That would be taking convenience and security to polar opposites lol.
But then again, we can be inherently stupid. I'm not comfortable with the whole contactless payments that can be made using cards.
One of the biggies is that the blockchain is a public ledger of all transactions between wallets, showing when coins were minted up to the wallets in which they now reside. Transparency with a tweak of anonymity.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
With something like Trezor you can store them both conveniently AND securely,
.At a cost, of course
Convenience and security is where its at. Humans are usually the weak link in any secure system, but I'm sure that Trezor users are pretty clued up on the basics
And soon we'll be running around with RFID tags that are used to verify payments. And people are going to go cut off fingers so they can steal coins...
Tell about the advantages that give BTC intrinsic value, and are unbeatable by the other options:
-you can transfer worldwide with 0.0001 tax, no matter how big or small is your transfer
-historical of valuation year after year
-you can win money by writing messages like this on internet, and much other opportunities to gain money
-the state can't freeze or take your funds.
-in a transaction, you don't need to expose your personal info and credit card number(good for pr0rn sites)
-you won't have to bother about opening 12312 different bank accounts with different taxes to transfer money
-billionaires and MIT putting money on it(among other good news)
-say that blockchain is a protocol, and there are many other interesting applications of the protocol
-bad actions of governments won't destroy bitcoin as it would do with a national currency
-way less taxes to get in the market, compared to other good investments. In general good investments need also good amount of wealth to be profitable despite the taxes.
Think that would be a good introduction. If your friend is not the type interested in economics or for some reason is sympathy with the state, tell him about personal advantages first
-you can transfer worldwide with 0.0001 tax, no matter how big or small is your transfer
-historical of valuation year after year
-you can win money by writing messages like this on internet, and much other opportunities to gain money
-the state can't freeze or take your funds.
-in a transaction, you don't need to expose your personal info and credit card number
-you won't have to bother about opening 12312 different bank accounts with different taxes to transfer money
-billionaires and MIT putting money on it(among other good news)
-say that blockchain is a protocol, and there are many other interesting applications of the protocol
-bad actions of governments won't destroy bitcoin as it would do with a national currency
-way less taxes to get in the market, compared to other good investments. In general good investments need also good amount of wealth to be profitable despite the taxes.
Think that would be a good introduction. If your friend is not the type interested in economics or for some reason is sympathy with the state, tell him about personal advantages first
One of the biggies is that the blockchain is a public ledger of all transactions between wallets, showing when coins were minted up to the wallets in which they now reside. Transparency with a tweak of anonymity.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
With something like Trezor you can store them both conveniently AND securely,
.At a cost, of course
Convenience and security is where its at. Humans are usually the weak link in any secure system, but I'm sure that Trezor users are pretty clued up on the basics
One of the biggies is that the blockchain is a public ledger of all transactions between wallets, showing when coins were minted up to the wallets in which they now reside. Transparency with a tweak of anonymity.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
With something like Trezor you can store them both conveniently AND securely,
.
One of the biggies is that the blockchain is a public ledger of all transactions between wallets, showing when coins were minted up to the wallets in which they now reside. Transparency with a tweak of anonymity.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
You can also share wallets, much akin to sharing cash with a trusted friends/relative.
You can choose your own level of security that best suits your needs. For instance you can store your precious hoard in cold storage, while in contrast you can have some BTC funds lying around in a wallet you use for day-to-day transactions.
Of course, that's not necessarily a perk of Bitcoin itself, but it's important to educate people (at least in summary) that funds can be stored in a security vs convenience manner.
When explaining bitcoins advantages over cash to someone else, there are a few things that come to mind:
1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
1. They cannot be counterfeited
2. Can be sent anywhere in the world with no (or very very low) fees
3. Mining fees dont go to big banks
4. Low transaction fees, coinbase estimated bitcoin could reduce payment processing fees worldwide from $500 billion to $50 billion, so 1/10th of current level
Any other to add to the list?
It works almost like email but for money with some amazing qualities such as: limited supply, irreversible, non-freezable, non-counterfeitable, pseudononymous and almost free to use.
It's basically the equivalent of digital cash or gold that you can almost instantly send to anyone, anywhere in the world at any time.
These two sentences I'd wager would be the best when dealing with a lay person.
Except it's wrong. Somewhere down the line someone has to convert their coins to fiat (to pay for a supplier). This requires fiat, obviously, which is government created.
Correct, at least for the time being.
I also don't think talking about the benefits of Bitcoin in opting out of the government is a good thing to initially discuss with new users. If you start discussing the government you may come across as paranoid.
Technically, bitcoin can be used by socialists and anarchists the same and have value for both. It just allows for the user to ultimately decide unlike in using Fiat where they are indirectly supporting some behavior which they may disagree with.
The whole anti-government approach is just like the anti-tax one as well. The goal isn't to get around either of them; it's to offer up options. There's a lot of misinterpretation in that area.
Except it's wrong. Somewhere down the line someone has to convert their coins to fiat (to pay for a supplier). This requires fiat, obviously, which is government created.
Correct, at least for the time being.
I also don't think talking about the benefits of Bitcoin in opting out of the government is a good thing to initially discuss with new users. If you start discussing the government you may come across as paranoid.
Technically, bitcoin can be used by socialists and anarchists the same and have value for both. It just allows for the user to ultimately decide unlike in using Fiat where they are indirectly supporting some behavior which they may disagree with.
No government required
Yeah I guess no other reason should really be necessary!
Except it's wrong. Somewhere down the line someone has to convert their coins to fiat (to pay for a supplier). This requires fiat, obviously, which is government created.
Any other to add to the list?
Depends upon the target audience but I would mix the security and utility that bitcoin has for the user and than also bring up this film-
https://www.youtube.com/watch?v=BrRXP1tp6Kw
You have to be careful because if you push bitcoin too much you may sound like a fanatic or snake oil salesman. For this reason the best way to gain a convert is:
1) Send them a bitcoin gift of 20-50usd by emailing them the funds through a service like coinbase explaining that this is a promising new technology which has already gained a lot in value. They may not care about it now but when they see it grow in value they will instantly fall in love.
2) Take them out to a restaurant that accepts bitcoin and pay the bill in bitcoin with your cell phone. This will subtly show them that bitcoin is secure, widely accepted , easy to use, and cool all within 20 seconds.
No government required
Yeah I guess no other reason should really be necessary!
No government required
It's pseudoanonymous, such that you can send and receive funds without people tracking it to your identity. Great for things like pr0n political donations.
FTFY
Sir, please don't press your flawed vision of how the world should work on the rest of us. The Internet was created for one thing: pr0n. Therefore Bitcoin was created for one thing: pr0n. What is the meaning of life?
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