Topic: How to explain blockchain/Bitcoin to millennials - page 3. (Read 759 times)

I thought.  Today's millennial generation is easier to accept change.  specifically technological change.  enough we only explain to them about theory and practice.  then some time, we must guide them.

The simplest answer that you have to say might be like this, blockchain is an industry that is very friendly dude and has a strong community in all corners of the world and BTC is the key to the success of the cryptocurrencies industry which is basically profitable investment in BTC. That alone is enough if there are more questions you have to tell the truth without exaggerating the reality.

My nephew is a millennial and I can see that he is interested about blockchain and bitcoin,but I am curious if He’s just being attracted seeing me gaining and profiting from this or he was really into technology

What I am doing is to tell him the importance of the technology behind this and what is the purpose of Satoshi creating this for the future,actually this is more on for the millennials than older generations,because they will be the one to benefits this in the future process than us

Since Millennials are open from new technologies, it is not hard for them to easy understant what bitcoin is. We are in the 21st century where new and high technology is being introduced. You can simply say bitcoin is a digital money where you can keep on your own wallet and can be used as a digital payments without the need of the third party involvement.

In my opinion, the right way to answer their question is by understanding first about what they think about Blockchain and cryptocurrency. Well, commonly the people will have their thought because of the issues and news from the media. Here, you need to give certain easy clarification about the issues.
Just explain the simple about Blockchain technology where you can apply this to many sectors, not only cryptocurrency, it is for the financial system, banking, health, education, and others, including gaming.
Moreover, many people will be interested in Blockchain or Bitcoin when they have been seeing the success of you. Just do your best and they will see the successful person like you in crypto, especially Bitcoin.

Ain't swiping a barcode not a futuristic thing to them? 

If we are talking about millennials as you say it, they should be the one who should understand that first.
They love tinkering the internet and also android applications. They could have stumbled with a good application that may have something to do with payments and just swiping it.

No need to go thru explaining the whole blockchain. Let them dig it after introducing the basics of bitcoin.

You could always present BTC & Blockchain to millenials as a form of meme that's being viral and make them feel like if they aren't hooked then they aren't "cool" enough. Petty but works. Coz if you bombard millenials with jargons only day traders and real traders use, then you will bore the hell out of them for sure

That's added some points answering why we can believe that blockchain can be useful, having your wallet as your main banking system, if adoptions happened you can use the system anywhere,  transactions will be done as easy as that, if we need to explain things like this with people who really wants to learn, it will be much easier to show them existing system that will be more helpful in their generation onwards.

Any economic platform changes, and moves in the future. Blockchain will be the foundation to change the trend and movement of the economy in the future. FIAT is becoming troublesome because you protect it safely through safes or banks. With Blockchain, you can protect your money and use it anywhere with an internet connection.

If someone is really interested to find out and know, you can just take a piece of paper and a pen and make a diagram of how blockchain works, how transactions are recorded, and where do money goes and stop and so on and so forth. I think only children will need this kind of explanations because someone of a right age and with enough understanding will not find it hard to understand even if you just define it to them and use examples. Besides, sources of informations about it are everywhere in the internet, newspapers, social medias etc.

I think the fact that you can't easily answer the question "why blockchain is the future" is already a signal that maybe blockchain isn't actually as great as the people who sell it are claiming. You could answer this question with the typical blockchain-salesman mantra that blockchain is exciting technology adopted by all big companies and will soon™ change the world, but would it actually be the truth? Blockchain didn't do anything since it started getting hyped 3 years ago, you always see rumors and statements how it will be used, but not reports of someone already using it and getting huge positive results from it. 

Blockchain brings a new concept of financial system to the world. It represents a new kind of organization, where there isn't a central authority or institution behind the currencies controlling them. In other words, it could be the evolution of the financial system, so you should care for it.
Furthermore, blockchain is awaking the interest of all kinds of people, so there are big chances it will be implemented in different areas of our societies.

And you should buy bitcoins because it's a serious currency that has already conquered the market. In more than 10 years many haters told it was a ponzi, a bubble and that it was going to die, but in fact, bitcoin did rightly the opposite and came back stronger than ever.
As was said, bitcoin is a great investment and its main potential is on long run, so it can be a precious opportunity, like it was for those who started using btc on the early years.

Do you have people that ask you that?. You are surrounded of pretty interesting people, unlike me.

You can give two explanations, the short one and the long one. If you give the long one you will probably lose them very quick, since the attention span this days is pretty short. And believe me, you are really lucky for that.

It is simply a much more secure and transparent way to send information in a virtual or electronic way, that will make processes in the future a lot more effective across different industries.

Because to be honest, nobody can truly imagine all the different implementations this technology will have in the future.

i'm not sure that "blockchain is the future". i imagine lots of altcoins will die out and tokens will fail in the coming years. right now, the strongest possible use case for a blockchain = censorship-resistant and irreversible transactions. in bitcoin, this is achieved through methodically designed network incentives and a decentralized network architecture. most altcoins can't achieve this use case reliably because they are highly centralized and easily 51% attacked.

for most people, the best reason to buy is because the price will rise. there's only 21 million coins, so at this rate of adoption, we're gonna hit million dollar valuations someday.

Millennials: Born 1981-1996 (22-37 years old)
People around 22-37 are probably the most keen on what bitcoin is, You should learn how to explain it to a 5th grader, so seniors and kids can learn, here is my explanation.

Bitcoin is a limited coin, It is like gold but on the computer, think of it like digital or electronic gold. There will only ever be 21 million bitcoins. It is also a record keeping book, Kind of how a bank keeps your
inputs and transfers, bitcoin has the same mechanism but instead of the banks having the book, everyone has the same book that is updated at the the same time. No one can alter the book unless 51% of censuses
of the network agrees to alter the book.

Bitcoin made it so we no longer needs banks, We are the banks. Bitcoin`s is the currency of this bank some people call the smaller divisions satoshi`s. Blockchain is the technology behind bitcoin. You can buy anything with bitcoin so it is just as real as cash or fiat money. Fiat money is a $cam, it actually en$laves you endlessly. At least at the end of 21 million bitcoin, the bankers cannot keep en$laving you, they will have to work to obtain their bitcoins back.  

Money used to be backed by peoples work, which was represented by Gold. Than in 1971, the entire world became slaves https://www.youtube.com/watch?v=iRzr1QU6K1o Thanks Nixon!
First they stole all the Gold, They went into peoples houses and jacked it from them, then they banned it from backing the dollar! so they stole from everyone.

So son or daughter? what backs that cad/usd in your pocket?
It is Delusion, no different than monopoly money.

Bitcoin is a new millennial future digital money through the help of blockchain technology bitcoin easily to transfer or make payment system in the help of new technology the internet connection the three combinations from new era of mllenials time all become easy way to sending funds and pay anything we need through the help of the new technology.

It's hard to explain that to millennials but they can relate if you can invite them to watch videos on Youtube about blockchain and cryptocurrency and how everything works, a long explanation will not do good, millennials love watching videos if it is about something worthwhile, so why not compile a link of the best videos on Youtube about cryptocurrency and blockchain.

I guess the millennials are open-minded when it comes to innovation and technology and if this kind of technology would be given to them I think they will become interested in it and according to this article

https://www.independent.co.uk/life-style/millennial-how-old-is-generation-y-cutoff-date-pew-research-center-a8235731.html

According to PEW That Millenials are those people born between 1981 and 1996, And will be between the ages of 22 and 36 in 2018, I am born on the year 1987 so to speak I am one of the Millennials that are open to this kind of technology and innovation, And I guess many Millenials sure is open to the technology and value of Bitcoin, So just like me we can sure share normally the technicality of it with our fellow Millenials.

First, make a good impression.
They need to be interest at the first moment so they can proceed into next level.
Personally I will tell them that I can get BTC from this forum, there is no more simple way rather than this.

Second, once they interest, just follow the flow , it will be easier !

You don’t need to explain them everything all you have to do is tell them to watch over YouTube since that place I what they love to invest time,so when they watched lots of videos then maybe the question would be answered and you don’t need to lure them to invest time and money here,let them do that themselves

The way I teaches my son regarding bitcoin or blockchain is read more here in Bitcointalk.org and watch in YouTube every good videos in regards crypto