Describe what is bitcoin for a 7 year old kid in few words

bitcoinisbest

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Quote from: munareal on December 21, 2018, 09:32:01 AM

Bitcoin is internet money that you can use to make purchases of your favorite toys or books It is just like the fiat currency but you can not see or touch it. It has value and you can transfer it to your friends

It is virtual money which cannot be seen or feel but it still exists. Instead of fiat we can use this crypto currency which has lot more benefits than the fiat. It can be used in any country which has legalized it and does not have the issue of changing the currency from one country to another as per that's country currency/. Also money transfer is quick an easy with less fees than compared to bank.

@Hakermania@

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Quote from: jonathan6655321 on November 29, 2018, 01:31:32 PM

Hi there
What's the most simple way to describe what bitcoin is for people?
Will be cool to read in the comments some new creative ways to do that! Grin

Bitcoin is a coin that is exchanged through a particular ledger called blockchain. The ledger contains all the transactions, each defined by the sender's address, the address of the recipient and the quantity exchanged. Each page of the ledger is called a block, a page is written every 10 minutes. what distinguishes this ledger is high security: nobody can steal it, nobody can change it

Nitori_m

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Computer bits made up of mathematics which can be used as a mode of payment because of it monetary value

Crypto one

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Bitcoins are digital money, just like you know them from your games, but with Bitcoin you can buy real things. If your computer are really fast, then you can earn Bitcoin by mining them.

minhlee95

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Bitcoin is an online currency. I think this explanation is quite simple and clear, and when I first became interested in cryptocurrencies, it is this definition that gave me to understand what bitcoin is.

WebTera

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I do not think that every seven-year-old child needs to explain bitcoin, but if I had to do it, I would say that this is a new generation currency that is concentrated in the Internet.

rtm125

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Two words-digital currency. I think this is the most concise and succinct explanation that can be applied to bitcoin, and if I was asked about what bitcoin is, I would say so.

signup01

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Quote from: munareal on December 21, 2018, 09:32:01 AM

Bitcoin is internet money that you can use to make purchases of your favorite toys or books It is just like the fiat currency but you can not see or touch it. It has value and you can transfer it to your friends

if I introduce myself to a 7-year-old child, I will explain that bitcoin is an internet / digital currency that has many functions, such as being able to be used to buy toys and can be used to earn income

munify

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Bitcoin is a digital currency as an online payment medium that can be used anytime and anywhere.

izanagi narukami

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Quote from: munareal on December 21, 2018, 09:32:01 AM

Bitcoin is internet money that you can use to make purchases of your favorite toys or books It is just like the fiat currency but you can not see or touch it. It has value and you can transfer it to your friends

Just make sure that the kid is understand how internet and wallet works because it's a combination between those two.
For early explanation is a great choice but for implementing usage is not recommended because they are still not understand how to protect their private key !

yulchatar

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Quote from: BuyBuyBitcoin on November 30, 2018, 02:03:08 AM

Bitcoin is a economic renaissance that is wrapped in a technological bubble, which itself is wrapped in a get rich quick scheme.

Well, good joke. What you have written not every adult will understand, and the child will not understand all the more. But you, it seems, didn't even think about it when they wrote the answer.

jake zyrus

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Quote from: Leonardo7 on November 29, 2018, 10:34:43 PM

Bitcoin is a type of currency/money used for the purchase/payment online, which requires the use of the internet for a successful transcation. It's very fast and reliable.

Right bitcoin is a digital currency with high value but we can use it online transaction only. Bitcoin is digital currency that you can used in investing, purchasing goods and stuff and the transaction are safe, fast and easy to use.

samuraijin

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Quote from: LoyceMobile on December 20, 2018, 02:46:32 PM

Try to explain fiat money, you probably won't even find an adult who really understand it.
Bitcoin is much easier.

Maybe the difference in fiat currency with bitcoin, of course, is a lot of difference even if you don't know what the form of Bitcoin is, so if I see that fiat currency is an official money brick that has different currencies, do you know how many supply that is owned by fiat currency, of course you don't know even they can increase the supply to make more fiat currencies, unlike Bitcoin, you also know how much the Bitcoin supply is, even just a little bitcoin supply, and that makes Many people are looking for Bitcoin, it can even be expensive to buy, so why does everyone hesitate to buy so many coins that have too much supply, anytime they can throw them away and make you lose a lot of money on exchanges ...

munareal

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Bitcoin is internet money that you can use to make purchases of your favorite toys or books It is just like the fiat currency but you can not see or touch it. It has value and you can transfer it to your friends

FlightyPouch

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Quote from: cunicula on December 20, 2018, 09:06:19 PM

To explain bitcoin to toddlers they must know what money is and what they can do with it, seven year kid does not even give a shit to porn leave about bitcoins...

They are 7, why would you introduce porn to these children? But in our place, they already know what is porn, what are they doing and what would happen if they carelessly do that. The only problem is introducing them to technologies since most of them are not interested in such things. They are more interested in playing with their friends, toys and computer than earning money.

tarukam

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in my opinion bitcoin is digital money created to facilitate safe transactions because of the blockchain system used by bitcoin and all crypto coins

emberbekas

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Quote from: Baby Dragon on December 21, 2018, 07:57:02 AM

Quote from: jonathan6655321 on November 29, 2018, 01:31:32 PM

Hi there
What's the most simple way to describe what bitcoin is for people?
Will be cool to read in the comments some new creative ways to do that! Grin

If you want to tell to them in a simply way and in way they can understand it well, just tell to them that it is a new form of money at the same time you can use it as an investment. But, I think 7 year old child can't understand it because their mindset is still in playing not doing money.

I would not say it to 7-year-old kids just because this is not yet for them. Even with fiat, most of kids out there still can't use it correctly, so there's no point to tell them about it yet. But if we want to tell to the adult, then the better comparasion will be gold since gold is well known all over the world. Bitcoin till today isn't allowed as a payment method here in my country, therefore most bitcoiners here will treat it as an asset instead of currency.

Showkat Hossain

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Bitcoin is a digital global payment system in the world.

Baby Dragon

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Quote from: jonathan6655321 on November 29, 2018, 01:31:32 PM

Hi there
What's the most simple way to describe what bitcoin is for people?
Will be cool to read in the comments some new creative ways to do that! Grin

If you want to tell to them in a simply way and in way they can understand it well, just tell to them that it is a new form of money at the same time you can use it as an investment. But, I think 7 year old child can't understand it because their mindset is still in playing not doing money.

Mr.Spreadthehamster

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Bitcoin is like honey in a hive, in which all the bees know: where? how much? and for whom is it cooked? depending on the size and status of the bee

Topic: Describe what is bitcoin for a 7 year old kid in few words (Read 1078 times)