Topic: How To Explain Bitcoin To Your Grandparents (Read 3646 times)
send any noobs to ceoofbitcoin.com for easy answers < however the site needs top answers and community answers
That's a long infographic
Then again it is a difficult concept to handle initially so it's a nice addition.
But it needs to handle those groceries ! ^_^
Then again it is a difficult concept to handle initially so it's a nice addition.
But it needs to handle those groceries ! ^_^
Tell them it's magical internet money 
. I'd just say it's a decentralised digital currency not issued by a central bank or government and is created in a process called mining which is comparable to mining for gold, except computers on the network do all the effort to get them as opposed to physical labour or excavation.
. I'd just say it's a decentralised digital currency not issued by a central bank or government and is created in a process called mining which is comparable to mining for gold, except computers on the network do all the effort to get them as opposed to physical labour or excavation.
as for me the explanation is pretty simple: paper money is backed by gov. bitcoin is backed by nothing.
Two objections:
1) "Probably not at the local grocer yet yet but its any matter of time" - Hell no...
2) "Cutting deep under typical credit card fees" - Grandma does not pay credit card fees...grocer does..
1) "Probably not at the local grocer yet yet but its any matter of time" - Hell no...
2) "Cutting deep under typical credit card fees" - Grandma does not pay credit card fees...grocer does..
If it is explained in a paragraph, let alone multiple paragraphs, you're doing it wrong: Bitcoin is like Paypal, but Bitcoin is its own currency.
I've tried to explain bitcoins to my grandparents serveral times but they only understand that btc is a sort of future investment.
Grandma would probably point out that that "dwarves" is the plural noun, while "dwarfs" is the verb.
Also, that is a long-winded infographic.
Also, that is a long-winded infographic.
Watch for typos eg "Your have spent"
So this is aimed at the savvy Sir Branson demographic, are you doing one in simpler terms for younger people?
So this is aimed at the savvy Sir Branson demographic, are you doing one in simpler terms for younger people?
Well, yes it does make assumptions based on age
That is the problem. It confounds "age" with "resistance to change" or "stupidity" or "low technical ability" or some such characteristic for which the explanation project might be appropriate.
Presumably the actual goal is "to explain BTC to people who don't understand it" (of any age).
Using "grandparents" is a distraction from the actual task, and is a gratuitous insult to many people - for absolutely no gain to the project.
Substitute any other generic group descriptor for "grandparents", preferably one that fits your own demographic, whatever it may be, and feel the sting for yourself. If that's not strong enough, imagine stereotypical corny drawings added for demeaning emphasis, along with stereotypical corny dialog attributed to the target group.
Those things hurt, people, and you gain nothing from it in terms of advancing your stated goal of explaining BTC.
Yet another ageist thread. They are always very annoying reading for this long-time grandparent.
I'm sorry to hear that many of you have such dense grandparents though. Such conditions are often hereditary, but it is unwise to confound correlation with causality (hint).
Hey kids - did I ever tell you about the time I found two BTC blocks using nVidia cards? Back before the reward halving split in 2012, of course. True story!
Heh.
I'm sorry to hear that many of you have such dense grandparents though. Such conditions are often hereditary, but it is unwise to confound correlation with causality (hint).
Hey kids - did I ever tell you about the time I found two BTC blocks using nVidia cards? Back before the reward halving split in 2012, of course. True story!
Heh.
Well, yes it does make assumptions based on age, but really you're just very removed from the norm.
Explain? No.
Murder your grandparents, and melt your inherited fiat into crypto. Win at life.
This statement may be considered my professional financial advice as a Bitcoin Professional(tm).
Murder your grandparents, and melt your inherited fiat into crypto. Win at life.
This statement may be considered my professional financial advice as a Bitcoin Professional(tm).
This "professional financial advice" does NOT represent the views of the typical Bitcoin user.
i will explain this picture diagram to my grandparents, and i hope they will spent a lot of his money in bank to buy bitcoin and invest it.
thank you ...
Here's how you can explain it to your grandparents and your kids, as well as anybody else who needs it explained like they're five: "Bitcoin is money that hasn't been widely adopted". The end.
Bitcoins are backed by products and services? Like a currency is? huh.
I really think you're trying to do a nice thing here. But if you're initially explaining Bitcoin to people totally unfamiliar with it, or even computers, etc. You may be best off leaving out all technical terms and just stick to the basic principle and advantages!
I really cannot even imagine beginning to try and explain bitcoin to my grandparents. My nan can't even work a mobile phone and my grandad tries his best with a computer but is pretty hopless, though I don't blame them really.
"Once you have paid"
A chargeback is not possible if using $, ¥, £ or €. Only when using a third party, like a bank, or a credit card, is this possible. Try charging back a cash expenditure.
A chargeback is not possible if using $, ¥, £ or €. Only when using a third party, like a bank, or a credit card, is this possible. Try charging back a cash expenditure.
This is very difficult task, really.
If they use Internet maybe they can understand concept of Bitcoin.
If not, just told them that Bitcoin is the ''future money'' and if they invest their money now in bitcoin, they will earn a lot
If they use Internet maybe they can understand concept of Bitcoin.
If not, just told them that Bitcoin is the ''future money'' and if they invest their money now in bitcoin, they will earn a lot
This does not explain bitcoin to anyone who doesn't already understand bitcoin
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