Millennials like things to be explained in the simplest way possible. So if you are planning to explain them the concept of Blockchain and Bitcoin, you need to eliminate the technical term. This how I explain it to my daughter
Blockchain is just a record-keeping tool.
Bitcoin is a Internet based currency that run on Blockchain.
If this could help you.
Topic: How to explain blockchain/Bitcoin to millennials - page 4. (Read 752 times)
It's all about financial transparency, reduction of transaction fees and liberty in our finances. For the sake of transparency, so many corruption can be avoided if transactions were being made with cryptocurrencies. Imagine when you can send funds to a business partner within the shortest possible of time without any restrictions. This is what blockchain technology and cryptocurrencies seek to offer the world. Wish governments could see this vision and give us the green light!
You know most people "Do" know about blockchain are meant for transferring coins to coins and also decentralized in a sense of storing coins for future purposes, it can be used to avoid taxes and stuff. But what people wants to know it's how it can change the world, perhaps maybe bitcoin can be use as payment method in the future < but what struck that for the world to adopt bitcoin and force to use as payment? And why do you think blockchain can change the world,an example please?
There is no need to feel obligated to explain to and influence the generation of the millennials as far as the blockchain and cryptocurrency is concerned because I am sure that they are already into this and for those who have not heard of it they can easily get the information they might need online. In fact, the millennials can be among one of the most excited on these many innovations.
Now, for the sake of making things in the right perspective, here is a YouTube video which explains to one and all what is the blockchain and what are its many implications: https://www.youtube.com/watch?v=Pl8OlkkwRpc
It's all about financial transparency, reduction of transaction fees and liberty in our finances. For the sake of transparency, so many corruption can be avoided if transactions were being made with cryptocurrencies. Imagine when you can send funds to a business partner within the shortest possible of time without any restrictions. This is what blockchain technology and cryptocurrencies seek to offer the world. Wish governments could see this vision and give us the green light!
The world is revolving and we are in the technology era with a lot of digital revolutions. The blockchain technology is the technology behind Bitcoin the innovative virtual cash that is disrupting the global financial economy. The blockchain technology is simply a distributed ledger used to record transactions that is tamper proof. The decentralized blockchain protocol can be used to created various projects that are transparent, efficient, reliable, immutable and trustless.
I don't think that millennials need some special information and education about blockchain. They are very well familiar with technologies and use them in every day life. Maybe just to give them a hint to promote blockchain but I'm sure they are already familiar with that. Believe me, millennials are born with new technologies.
Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy? Anybody can give me some tips and answer for this?
Would appreciate it.
Would appreciate it.
Tell them it's the new bank where you control your own funds. Tell them the blockchain technology records all transactions and can be viewed by anyone across the globe as long as they have internet access. Tell them that with the blockchain technology, a lot of new things can happen and it's trending and it is the future money. A few simple words. They don't understand the entire thing but give them the simplest form of explanation.
Yes, Hoping for this answer! But can you explain to me why blockchain will be the future and how will it change the world. Why people think that the funds will flow into blockchain.
Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy? Anybody can give me some tips and answer for this?
Would appreciate it.
Would appreciate it.
Tell them it's the new bank where you control your own funds. Tell them the blockchain technology records all transactions and can be viewed by anyone across the globe as long as they have internet access. Tell them that with the blockchain technology, a lot of new things can happen and it's trending and it is the future money. A few simple words. They don't understand the entire thing but give them the simplest form of explanation.
One of the arguments will be with a trusted party as the blockchain you will enjoy the benefit to be sure transactions will happen.
The shared database works like a book for the record of purchase-sale operations or any other transaction. Blockchain appeared with Bitcoin.
Basically it's a bank, eliminating intermediaries (bankers)
Basically it's a bank, eliminating intermediaries (bankers)
Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy? Anybody can give me some tips and answer for this?
Would appreciate it.
Would appreciate it.
The blockchain is a server network,where every transaction gets confirmed by every server,which is a part of that network.This is the most stupidly simple explanation(it might not be 100% accurate) that came up in my mind.
You can always tell them about the technology development that are happening today,we are not in our native mode anymore people and technology is evolving and financial system is one of that.Bitcoin will serve as a main currency in the future where everything is processed online and all payments go through the bitcoin network.We should care to buy because bitcoin is still at its low price state compared to how much it can go the.more years to come
Hi, I'm not new to bitcoin & blockchain and I'm a full time trader with quite a little knowledge on tech background. I do trade cryptocurrency coins and studied a lot on blockchain technology. But I have a question, I always stumbled across this in my mind when people ask me why blockchain is the future, why should you care and buy? Anybody can give me some tips and answer for this?
Would appreciate it.
Would appreciate it.
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