Topic: How to present BTC to Newbies ? - page 9. (Read 6073 times)
It's always a BAD idea to get technical with it. Just limit yourself to explaining it's usages and a bit of context into why it is important, other than that, trying to explain random noobs about what the blockchain is and how mining works will probably just alienate them even more.
The first explain how you get a free bitcoin from signature campaign 
I explained btc to a friend last night as a digital cryptocurrency. He questioned if it was a fraud and I said Hell No. It is a
digital money similar to real money. It has value and you can sell and buy with it. It is mined with special things called
miners. Welp, it was a long talk.
digital money similar to real money. It has value and you can sell and buy with it. It is mined with special things called
miners. Welp, it was a long talk.
I explain to them that bitcoin is digital currency and you can use bitcoin online and you can cash it out
after that i show them the example, like i purchase things online using bitcoin, or i exchange bitcoin into fiat money, after that usually they will understand
after that i show them the example, like i purchase things online using bitcoin, or i exchange bitcoin into fiat money, after that usually they will understand
there is so much to explain! I usually just give a short explanation of how it works and
how to get it.
But then I tell them to come to this forum and just read the posts as thats where I learned the most
about bitcoin.
how to get it.
But then I tell them to come to this forum and just read the posts as thats where I learned the most
about bitcoin.
I present it to my relatives in a straight forward way - instead of fiat, I sent them Bitcoin. Explaining it's cheaper chat bank transactions + 4 currency exchanges. In their country there are service where you could sell BTC to one site and receive fiat in 10 minutes in almost every big store.
You definitely have to relate to the person who you're trying to explain Bitcoin too... If they are someone who likes anonymity, you should be honest and say it's primarily pseudononymous and explain why... If the person is a libertarian and doesn't like central banks, explain how it is different from the central banks, etc. ... You have to understand what would interest the person in the first place. The major issue is trying to talk to someone who doesn't have any interest in this, and just want to use something primarily for convenience, or the reason that everyone is doing it.
Keep it as simple as possible...
Include incentives for them...
A decentralized system is far more secure than a centralized database... you can reference the recent security breeches with:
1) Anthem Blue Cross (80 million patient and employee records, potentially exposing names, dates of birth, Social Security numbers, email addresses, employment information and income data).
2) Ebay February 2014...compromising customer names, encrypted passwords, email addresses, physical addresses, phone numbers and dates of birth
3) JP morgan 2014... compromised usernames, addresses, phone numbers and email addresses.
4) Home Depot... 56 million credit card accounts and 53 million email addresses5
5) Significant others klike Sony, Target, Global Payments Inc., Tricare, Citibank, Heartland etc
You can mention the limited supply vs. the Fed reserve printing money at any time.
Large growth potential with a solution for the 2 billion unbanked... http://www.worldbank.org/en/programs/globalfindex.
Nearly 1 billion in recent VC investments including Wall Street mainstays like the New York Stock Exchange, Goldman Sachs and the Fortress Investment Group.
Bitcoin is out performing all fiat currencies for the last five year average.
That enough for now don't want to overwelm them :^)
Include incentives for them...
A decentralized system is far more secure than a centralized database... you can reference the recent security breeches with:
1) Anthem Blue Cross (80 million patient and employee records, potentially exposing names, dates of birth, Social Security numbers, email addresses, employment information and income data).
2) Ebay February 2014...compromising customer names, encrypted passwords, email addresses, physical addresses, phone numbers and dates of birth
3) JP morgan 2014... compromised usernames, addresses, phone numbers and email addresses.
4) Home Depot... 56 million credit card accounts and 53 million email addresses5
5) Significant others klike Sony, Target, Global Payments Inc., Tricare, Citibank, Heartland etc
You can mention the limited supply vs. the Fed reserve printing money at any time.
Large growth potential with a solution for the 2 billion unbanked... http://www.worldbank.org/en/programs/globalfindex.
Nearly 1 billion in recent VC investments including Wall Street mainstays like the New York Stock Exchange, Goldman Sachs and the Fortress Investment Group.
Bitcoin is out performing all fiat currencies for the last five year average.
That enough for now don't want to overwelm them :^)
How to better explain bitcoin to people ?
Please give me some directions
Best Regards
Please give me some directions
Best Regards
The bitcoin video is quite some information I think. Video link @
https://www.youtube.com/watch?v=Um63OQz3bjo
When they are done reading it, let them visit the bitcoin wiki @
https://en.wikipedia.org/wiki/Bitcoin
tell them that bitcoin has a good prospects in the future, the price itself increase in 2016. and tell them you can earn bitcoin free and no need money to do it.
There is a lot of information out there to explain the basics of bitcoin for you and your friends. I think it is unnecessary opening new threads just to ask for questions widely answered previously.
show them by example
1. get them to download a webwallet and send them some bits
2. ask them how long did it take to receive the payment from you after you said 'its sent'
3a. if they are day trade investors show them an exchange, get them to deposit that funds and make a trade
3b. if they are asset/antique/rare mineral hoarders (long term investors) show them how to get the private key and tell them to hold onto it for a year as thats
the most important thing
3c. if they are just a consumer (they just buy things from shops), find a local retailer that accepts bitcoin and get them to buy something with it.
4. ask them, did they need to hand over passport information to set up the webwallet, did they need to wait 1-3 business days to get verified, did they need to wait for delivery of a debit card and pin number after getting set up.. no, no, no
5. then show them how many retailers accept it where its useful, show them a few bloomberg videos (financial news) where they are praising bitcoin. show them the price of bitcoin.
1. get them to download a webwallet and send them some bits
2. ask them how long did it take to receive the payment from you after you said 'its sent'
3a. if they are day trade investors show them an exchange, get them to deposit that funds and make a trade
3b. if they are asset/antique/rare mineral hoarders (long term investors) show them how to get the private key and tell them to hold onto it for a year as thats
the most important thing
3c. if they are just a consumer (they just buy things from shops), find a local retailer that accepts bitcoin and get them to buy something with it.
4. ask them, did they need to hand over passport information to set up the webwallet, did they need to wait 1-3 business days to get verified, did they need to wait for delivery of a debit card and pin number after getting set up.. no, no, no
5. then show them how many retailers accept it where its useful, show them a few bloomberg videos (financial news) where they are praising bitcoin. show them the price of bitcoin.
To explain bitcoin to people that didn't know anything about this kind of money its better to talk without technical words, speak about bitcoin as normal money, that you can use to buy and sell things. And explain that you can store them on a wallet app on their phone. If they have real interest on bitcoins, you will have time to explain more things about. But first easy things.
I'd tell newbie's to 'research, research, research'.
https://bitcoin.org
https://bitcointalk.org
Best 2 places to start ^^
https://bitcoin.org
https://bitcointalk.org
Best 2 places to start ^^
I agree. When I first started out these were the areas I was busy researching also.
Good suggestions here, kind of. I have a hard time giving people any sort of idea why bitcoin is better than cash. If anyone here can tell me how I can suggest to people why they should exchange their fiat for bitcoin I'd love to hear it. Unless you're speculating or sending funds to another country I really don't see the advantage of it. Most people don't care if they're anonymous--look at how many suckers use facebook and all that other stuff.
Maybe if you'd tell them, that bitcoin is a global currency that's deflationary in the long run.It's competing with euro and dollar and whatnot and a single unit is already 400 times stronger than a dollar.Also lighten them on fiat currencies overall where debt based currencies have all failed because of the trust issues that we run into.http://georgewashington2.blogspot.com.ee/2011/08/average-life-expectancy-for-fiat.html That study was based on 775 currencies. Then tell them, that all the currencies on earth are based on debt to put things into scale. Then tell them about the recent hyperinflation in Argentina and other countries. I could write more but I'm kind of repeating myself with all of this. However people usually never notice.
These are the questions I can't seem to answer myself.
However bank offers little to no protection when it's failing. If you look at how much money the banks owe, then most of them are currently failing in my opinion.
I think we need a huge disruption in the current monetary system for people to open their eyes. The 2007 market crash wasn't big enough.
Good suggestions here, kind of. I have a hard time giving people any sort of idea why bitcoin is better than cash. If anyone here can tell me how I can suggest to people why they should exchange their fiat for bitcoin I'd love to hear it. Unless you're speculating or sending funds to another country I really don't see the advantage of it. Most people don't care if they're anonymous--look at how many suckers use facebook and all that other stuff.
Maybe if you'd tell them, that bitcoin is a global currency that's deflationary in the long run.It's competing with euro and dollar and whatnot and a single unit is already 400 times stronger than a dollar.Also lighten them on fiat currencies overall where debt based currencies have all failed because of the trust issues that we run into.http://georgewashington2.blogspot.com.ee/2011/08/average-life-expectancy-for-fiat.html That study was based on 775 currencies. Then tell them, that all the currencies on earth are based on debt to put things into scale. Then tell them about the recent hyperinflation in Argentina and other countries. I could write more but I'm kind of repeating myself with all of this. However people usually never notice.
These are the questions I can't seem to answer myself.
Good suggestions here, kind of. I have a hard time giving people any sort of idea why bitcoin is better than cash. If anyone here can tell me how I can suggest to people why they should exchange their fiat for bitcoin I'd love to hear it. Unless you're speculating or sending funds to another country I really don't see the advantage of it. Most people don't care if they're anonymous--look at how many suckers use facebook and all that other stuff.
Maybe if you'd tell them, that bitcoin is a global currency that's deflationary in the long run.It's competing with euro and dollar and whatnot and a single unit is already 400 times stronger than a dollar.Also lighten them on fiat currencies overall where debt based currencies have all failed because of the trust issues that we run into.http://georgewashington2.blogspot.com.ee/2011/08/average-life-expectancy-for-fiat.html That study was based on 775 currencies. Then tell them, that all the currencies on earth are based on debt to put things into scale. Then tell them about the recent hyperinflation in Argentina and other countries. I could write more but I'm kind of repeating myself with all of this. However people usually never notice.
Good suggestions here, kind of. I have a hard time giving people any sort of idea why bitcoin is better than cash. If anyone here can tell me how I can suggest to people why they should exchange their fiat for bitcoin I'd love to hear it. Unless you're speculating or sending funds to another country I really don't see the advantage of it. Most people don't care if they're anonymous--look at how many suckers use facebook and all that other stuff.
I'd tell newbie's to 'research, research, research'.
https://bitcoin.org
https://bitcointalk.org
Best 2 places to start ^^
https://bitcoin.org
https://bitcointalk.org
Best 2 places to start ^^
I've tried like dozen techniques to try to get people into crypto. I've tried showing plewbs A.Antonopoulos senate meeting. I've tried sending them free bitcoin, I've tried showing them all the websites associated with bitcoin, I've even tried to explain the core protocol with the help of the whitepaper.
Last person who is interested in bitcoin, I just told him that he will shit himself when he finds out what bitcoin is. He's now looking to find the cash to buy some.
I think that introducing bitcoin to right people helps a lot. Most people just don't give a fuck.
Last person who is interested in bitcoin, I just told him that he will shit himself when he finds out what bitcoin is. He's now looking to find the cash to buy some.
I think that introducing bitcoin to right people helps a lot. Most people just don't give a fuck.
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