How To Explain Bitcoin To Your Grandparents - page 2.

Abdussamad

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Quote from: aigeezer on August 08, 2014, 02:54:42 PM

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.

Could you get it up without viagra back in 2012?

Abdussamad

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Quote from: MasterOwel on August 08, 2014, 02:23:46 PM

Quote from: Abdussamad on August 08, 2014, 02:14:43 PM

Quote from: MasterOwel on August 07, 2014, 10:15:42 PM

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?

I'm not sure if there was a joke somewhere in there, but here's the explanation.

At one point of time USD was backed by gold (or silver?) but anymore there's so much inflation that its backed by the simple usage of it.

It's backed by the threat of regime change.

aigeezer

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Cryptanalyst castrated by his government, 1952

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.

MasterOwel

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Life is my dream, what is yours?

Quote from: Abdussamad on August 08, 2014, 02:14:43 PM

Quote from: MasterOwel on August 07, 2014, 10:15:42 PM

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?

I'm not sure if there was a joke somewhere in there, but here's the explanation.

At one point of time USD was backed by gold (or silver?) but anymore there's so much inflation that its backed by the simple usage of it.

virtualx

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LOTEO

Quote from: Abdussamad on August 08, 2014, 02:14:43 PM

Quote from: MasterOwel on August 07, 2014, 10:15:42 PM

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?

I guess you are trying to say that the USD is backed by war.

Abdussamad

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Quote from: MasterOwel on August 07, 2014, 10:15:42 PM

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?

MasterOwel

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Life is my dream, what is yours?

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

beetcoin

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i don't even bother explaining bitcoin to my mom.. she just can't understand what it is and how it works.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

where's the original source for this sheet? I want to link to it from my site.

oceans

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I would not want to be the one to explain what bitcoins were to my grandparents. That sounds like a task and a half right there just thinking about it. My grandparents hardly understand technology at best so explaining something that needs technology would more than likely go straight over their head.

JohnFromWIT

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Quote from: franky1 on May 11, 2014, 05:40:07 PM

when speaking to your grandparents please do not let this be the first sentance out of your lips
"bitcoin is a decentralized, digital money. that is created, held and spent electronically around the world"

it will raise more questions than answers.

try keeping it simple, you dont need to explain all the details using bigwords

its money on used from the computer that is secured by you and not a bank, so theres less fee's and less deays. its money without limits grandma

Second this. That line and similar, have been used to describe bitcoin longer than bitcoins been a thing.
Though it's a nice, tidy summary of what it is, it's not necessary for everyone to know it off heart.

If someone approaches you and asks about bitcoin rather than googling it,
replying with "Bitcoin is a peer-to-peer, decentralised, digital currency"
will give you the pleasure of watching their eyes glaze over and their face display the purest expression of regret.

It's not the hardest thing in the world to understand. We all know how to get to the moon. Very few of us know how to build a rocket.

Asianconnect

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Asianconnect

Actually I don't know how to explain it to elders, but i think it would be great to share some of my ideas about BTC then they will be aware of what bitcoin is.

counter

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Time is on our side, yes it is!

I tend to believe the only real problem is that there is a fear of what is unknown. They will be intimidated by the computer then the large numbers used to identify their wallet address etc. The best way to show them is to show them how to make a transaction or five and then let them try. This is should be viewed as an intimidating task for anyone especially someone who didn't grow up around computers..

samm1129

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Have been trying to explain to my Wife for the last year and still no progress.

I wouldn't even begin to know where to start with grandparents. Grin

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: googlemaster1 on May 11, 2014, 07:39:18 PM

How many times a day do you post that image... rofl

No matter how much I post it, it will never cure all ignorance. Only time has this power.

ArticMine

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Monero Core Team

Quote from: Lauda on May 12, 2014, 11:35:10 AM

Quote from: BillieGin on May 11, 2014, 03:56:17 AM

Apparently other people's grandparents are smarter than mine...

Yes, while this image is really great. My grandparents didn't even know how to use a cellphone (not to mention a smartphone).

Who cares. One does not need a smartphone or mobile device to use Bitcoin. In fact I used Bitcoin for over 18 months before placing a single satoshi on a smartphone or mobile device. Do not assume that somebody rejecting the technology of their children’s generation means they will not embrace the technology of their grand-children’s generation. They may surprise you. In fact one of the major selling points to a grand-parent of Bitcoin is the shortcomings of the payment technologies of their children’s generation such as for example debit cards or PayPal.

Edit: When introducing Bitcoin to a senior I would start first with desktop clients and using Bitcoin for online purchases.

PeterReid

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Most Grand Parents are scared of things like Bitcoins and technology.

Boris-The-Blade

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I shall be stealing this, Thanks +1

Lauda

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Terminated.

Quote from: BillieGin on May 11, 2014, 03:56:17 AM

Apparently other people's grandparents are smarter than mine...

Yes, while this image is really great. My grandparents didn't even know how to use a cellphone (not to mention a smartphone).

Noruka

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Quote from: LostDutchman on May 10, 2014, 09:09:44 AM

You know, judging by the way my grandparents would keep EVERYTHING, if they were here and knew about Bitcoin, they would be HODLERS de Luxe!

grandparents before the baby boomer generation would

newer grandparents load debt up to pass on to the next generation. The idea that elderly people "save" anymore isn't true.

Topic: How To Explain Bitcoin To Your Grandparents - page 2. (Read 3646 times)