Topic: How Would You Explain Bitcoin to a Newbie? - page 4. (Read 3604 times)
Please I need detailed explanation of what bitcoin is.
I would say it is controlled decentralized haos
just explain them that bitcoin is a virtual money, and it's become cryptocurrency in worldwide that should be connect to internet to use it.
How Would You Explain Bitcoin to a Newbie?
BTC has value because of limited supply and an increasing number of people who accept it as money. If they want to know more, mention the "crimes and scandals" are the fault of humans and also happen with paper money.
BTC has value because of limited supply and an increasing number of people who accept it as money. If they want to know more, mention the "crimes and scandals" are the fault of humans and also happen with paper money.
Thats a tough question. For me, explaining bitcoin to someone whos totally new to this is a very hard task. Especially older ones, we had to admit that young people are most technical than grandma and grandpa. But i really do believe that it just depends on the person explaining the BTC. I had read some comments/reply regarding to this and i found out that theres a lot of videos and articles that really explain well about BTC.
I would tell him to watch this video:
Bitcoin 101 - Quindecillions & The Amazing Math Of Bitcoin's Private Keys
https://www.youtube.com/watch?v=ZloHVKk7DHk&t
Bitcoin 101 - Quindecillions & The Amazing Math Of Bitcoin's Private Keys
https://www.youtube.com/watch?v=ZloHVKk7DHk&t
I think this says it in plain engish
Its the future 
Haha the easiest one to understand, but just want to admire that it is possible that it will be normal currency for everyone. i will explain this in the way i will convince them to join me in this bitcoin forum like, you can get a lots and thousand dollars in this bitcoin in easy way like you are doing in facebook. i can also say that if you invest in bitcoin, it is like having a gold that can make the price high every month.
You started well the best way of explaining bitcoin to someone new to btc is making them use it and portraying the benefit of bitcoin which new user can understand only through this forum and only when he/she starts using it real time.
Bitcoin is a digital asset designed to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency.
In other words bitcoin is a digital currency where you can have control over your money and not the bankers and you can transfer it to any part of world within hours and it's the future of digital currency.
Bitcoin is a digital asset designed to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency.
i will explain this in the way i will convince them to join me in this bitcoin forum like, you can get a lots and thousand dollars in this bitcoin in easy way like you are doing in facebook. i can also say that if you invest in bitcoin, it is like having a gold that can make the price high every month.
First, when we want to teach a newbie about bitcoin, we must have a very patient attitude and understand how bitcoin works to make everyone successful with the cryptocurencies. After that, teach them step by step about what is mining / faucet / trading or ect. and the last let them try to work alone.
Bitcoin in a nutshell
Pretend you are in math class, your teacher tells you to solve problems using equations, you and all your friends and classmates start doing different problems, if you successfully answer a math problem, you are given a cookie. Those cookies are Bitcoins and you are the teacher, and your classmates are the computer, you command your computer. You tell your computer to mine (solve problems), and in return you are given a small amount of Bitcoin (cookies).
Pretend you are in math class, your teacher tells you to solve problems using equations, you and all your friends and classmates start doing different problems, if you successfully answer a math problem, you are given a cookie. Those cookies are Bitcoins and you are the teacher, and your classmates are the computer, you command your computer. You tell your computer to mine (solve problems), and in return you are given a small amount of Bitcoin (cookies).
Its the future
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Virtual money have value more than gold can send it globally without ID or exchange it . not need bank only wallet and bitcoins
Check out the easy-to-understand and concise guides here for beginners: https://www.commonlounge.com/community/fd3723ae8ca042538b52ca684cb1ba02!
It is a digital currency that is not runned by any government and central bank.It is a peer to peer payment system.Transfer through internet anywhere in the world.
Bitcoin is a digital crypto currency that is not controlled by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
Each user's Bitcoins are stored in a program called a digital wallet, which also holds each address the user sends and receives Bitcoins from.
Each user's Bitcoins are stored in a program called a digital wallet, which also holds each address the user sends and receives Bitcoins from.
I explain that bitcoin is an e-currency that you can buy anything same as paper money, and then I show them my bitcoin saving and treat them to the fast food using my money coming from my bitcoin savings.
Also a newbie here.Still do not know what to do but I am asking some of my friends who introduced me to bitcoin.
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