Topic: How to explain blockchain/Bitcoin to millennials (Read 772 times)

Just tell them its a ledger of the transactions and its updating constantly. Millennials are often just watching youtube, if they don't understand something they will search it on youtube and even in facebook as they always are staying in facebook.

But while you explain very little about it, give them the link to bitcoin.org and blockchain, because by then if a really interested millennial will go and read to learn it.

i was always under the impression that Millennials were FIRST adopters and that the Baby Boomer generation considered Bitcoin to be a bubble? Were they not its main detractors?


please correct me if im wrong, friends. lets discuss!

I'm a payment processing sales guy so I would point out the features and benefits of bitcoin and show them how it would provide them value. As we slowly exit the speculative phase of bitcoin and enter the currency phase it will come down to effective sales people convincing small businesses that taking BTC is worth their time. The kids will follow along as they start seeing the signs and other people paying with BTC and other altcoins  for goods and services.

So from the small business owner perspective it might sound like:

Block chain technology puts you in control of your finances. There is no such thing as an ach withdrawal. No company is going to raid your account at the end of each month withdrawing hundreds or even thousands of dollars in fees for the "privilege" of doing business on their network. You can convert your digital assets to dollars in a few seconds and receive the funds in your traditional bank account just like you receive daily deposits now from your processor. You can automate payments to your vendors much like the bill pay feature in your bank but it is instant and generates and immediate electronic trail so you know when your payments were transmitted and exactly when they were received. Nothing gets lost in the mail and there are no surprises.  

Block Chain technology is secure. Did you know that every time you write a check you are releasing your routing and account numbers into the world? We simply trust that banks will protect our privacy and make sure our financial data is protected. Have you seen the news? Constant data breaches involving customer data and financial information are the norm right now. Block chain stores your private financial information and digital assets locally. In your hands. All you need to know is a very basic set of security measures that we will teach you to how to implement.

Your customers will soon expect it. The next generation for better or worse is the most wired generation the world has seen. They expect quick and convenient. They are all ready very comfortable with using their devices to pay for goods and services. This trend will grow. As digital assets grow in market share you can be ready to serve your customers in the way they expect to be served.    

For young people:

It's money on your phone. You can use it to buy and sell stuff. There is no debit card or credit card to get lost and have your money stolen. You can use it to support artists and blogs that you enjoy, you can grab a pizza with it, you can buy text books and electronics with it.

It's money that fits your lifestyle. There is no need to carry a card. It all happens over your mobile device and the internet. You can pay anyone anywhere in seconds. You don't need to log on to your bank account to check your balances. You see your balance every time you make a payment. You can support crowd funding instantly by simply scanning a bar code and entering the amount you want to send. The money goes directly to the organization or individual you choose without crazy fees. Your recipients whether they are a non profit or another person receive the full amount without a banker taking a cut.

It's yours. There is no federal reserve or government entity that can manipulate the value of your money. No one can create more digital currency. It moves just like money but much faster and much more secure. No one owns bitcoin. Someone else does own your money.

This was just a quick spitball but if I were in the field selling bitcoin processing or adoption it would sound a bit like the above.            

    

In my own way, I will explain to them that bitcoin is one of the successful inventions nowadays because when it develops many countries adopted on it, because it is a single administrator that can be sent from user to user on a peer to peer network so that it doesn’t have taxes on to it. Bitcoin is a type of crypto currency that only be used in the internet and you need to be online to allow an online transactions.

I have a cousins that Got interested about my Crypto activities and showing interest in investing their small allowances.
how did they come to have interest?because of me Showing my wallets last year when the prices spikes in 3rd quarter.
I have showed the amount i hold early that year and again when they saw how the volatility works then they got this Good looks about Crypto.
Maybe we don't really need Big explanation instead let them see the market and benefits themselves.Millennial now are Good in sighting possible profiteering all we need to do is make them believe that this is legit and not a scam .

You can start it by telling the emerging technology that's why the blockchain/bitcoin exist, you may also say that it is an alternative bank, in which you are only responsible in your own money,  explain also the difference between decentralized and centralized system, it would help yhem to understand more about the crypto world. The best way for them to learn it faster is personally, if you are going to teach them personally, you can hook up their attention, or if you are don't want them to meet personally, just try to make some videos, do not make it written learning because millenials are so lazy on reading so long blog, use some videos instead of blogging, make it as vlog.

In able to explain blockchain or bitcoin to millennials you must share your own experiences to them. Through sharing your experiences you can acknowledge them in using bitcoin, through sharing your experiences you can be very effective in encouraging millenials to use bitcoin and to also share bitcoin to others.

Most of the time a lot of people are using money to share it, something like networking saying that you could earn a big amount of money here that why a lot of newbies are having a wrong perspective.

Millennials are born with gift and that is the internet which makes their life more easier than the generations who came before them. Every thing can be look up through a simple press and clicks to a phone or computer, not only millennials but everyone, if they are curious about it then they can just search every thing about it. What I don't like about millennials is that their attitude is less, what I mean is you can see their feeling outside, they are entitled and lazy to do things and has been eaten by social media thrones.

I'm not also very good at this, but I think you should explain that in a layman's term for them to make it easy to understand. Like in every transactions there are blocks and in the connection of blocks and transactions there is a blockchain. Wherein, blocks are a record book that holds the details of the transactions. While blockchains are distributed immutable data (can't be modified) or simply distributed blocks.

Blockchain is a specifically a open party ledger that works by generating and expanding blocks , they use cryptography to connect them and it's more or so like a personal interface , where it needs only 2 people to work , not any third party.

Bitcoins is something like online , open , non centralized share market where you can invest , trade , buy , sell , do whatever you want and since it is decentralized , it doesn't have anything to do with the government .
But it is more volatile than a normal share market.

You said you learned a lot about blockchain, that is the answer.
when you want to tell someone about the blockchain all you have to say to them is what you have learned so far about the blockchain just tell them.
and I think before you tell them about blockchain you have to learn a lot about what blockchain is. so that every word you say can be received well by them

This can share on social media where they can easily seen and for them to be curious about it. Millennials are mostly adventurous and have search different things for them to gain more knowledge. They have advance thinking so it os not hard to explain to them especially if the are really interested about it.

It can be easy if there’s an application more about tutorials but we can also use online to teach them. Millenials are always online, so for sure they can be teached thru that and they can easily understand cryptocurrency not unless they are not interested to invest.

I guess one way to introduce or explain Blockchain to millenials is to use the smart phones. Millenials cant live without their smartphones with them so if theres an app out there created to teach or show what blockchain is I guess its a good way to start. I heard samsung already added a cryto wallet in their new phone.

Actually millennials are those who can understand the blockchain technology better than anyone else.
I would strongly recommend you to watch all the videos of Andreas Antonopoulos. He is a Bitcoin Expert and he shares a lot of content about blockchain in his media. Follow him on twitter if you wish.

No, its not the same. Blockchain has no server. That's why they called it Decentralized.
The value of decentralized control is that it eliminates the risks of centralized control. With a centralized database, anybody with sufficient access to that system can destroy or corrupt the data within. This makes users dependent on the administrators.

https://www.coindesk.com/information/what-is-the-difference-blockchain-and-database

I think you can explain to them about the investment in cryptocurrency and makes an example of buying the stock at the market. But you can do with your own explain, and I think you can explain what you learn and it's better to give a live explanation at the market so they can understand what you want. But I think you don't have to explain more details to them because they are new people who interest with cryptocurrency and they need to know about the basic of cryptocurrency first, so then they can learn another lesson of cryptocurrency.

Learning by their own cannot be done easily due to some factors, which might destruct the minds of newbies who wanted to acquire such knowledge about bitcoin and blockchain. If I wanted to explain briefly about bitcoin to millennials, maybe I would suggest some funny examples which made them more interested. There must be intimate discussions that will be followed by the millennial participants, and financial experiences is one of the best part that could attract them to acquire basic informations in order to gain step by step knowledge.

When I explain to them, I always compare them to stocks since they are more familiar with that and the concept of buy and sell is easy to grasp. The denomination is 1 satoshi, similar to how a dollar is composed of pennies.

there's no point in explaining in detail what the blockchain is, because they ask a search engine there are many articles that contain details about the blockchain. because millennial currently very dependent on internet-based explanations rather than explaining directly. if they has learned about blockchain from internet, the next step try to introduce a wallet address and how to use it. until that point I think it's enough, if indeed he is lined up let him explore directly what is blockchain.