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Topic: I need some good Bitcoin resources- to help explain Crypto to an investor HELP! (Read 1484 times)

vip
Activity: 1428
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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:
legendary
Activity: 1078
Merit: 1441
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ps - This is not a mining operation, and it is not an exchange, it is something different, as I said not public facing, so it is business to business, and is providing a service that the gentleman already provides, and has done past 20 years with his own firm, and working with some very big players, so this is merely doing almost exactly what he already does and has done the past 20 years, but using cryptocurrency and the blockchain,  it is fiendishly simple, the business is 100% there and the contacts already there, and at no point will the business be in the general publics eye.
 I am sure by the time I am done with him the guy is going to end up holding Bitcoin, probably, but that will have nothing to do with what are going to do. This is more about disrupting a industry that is already in place (and thriving) and adding massive value, and increasing the profit margin massively.  If/when this all works out, then I will come back and spill the beans one day, once we are properly up and running.  

I just can't help it, but, what is this business that these big players are in?

There are several different sectors involved in the business that we are exploring, two or three of the main sectors I do not wish to disclose at this stage, however I can tell you that the main sectors that I can reveal would be finance, insurance and law. (Yes some of the big players, I refer to are some of the big players in those sectors, and the relationships already in place are longstanding, both professional and personal)

The rest of it... well that would be telling.
legendary
Activity: 1078
Merit: 1441

ps - This is not a mining operation, and it is not an exchange, it is something different, as I said not public facing, so it is business to business, and is providing a service that the gentleman already provides, and has done past 20 years with his own firm, and working with some very big players, so this is merely doing almost exactly what he already does and has done the past 20 years, but using cryptocurrency and the blockchain,  it is fiendishly simple, the business is 100% there and the contacts already there, and at no point will the business be in the general publics eye.
 I am sure by the time I am done with him the guy is going to end up holding Bitcoin, probably, but that will have nothing to do with what are going to do. This is more about disrupting a industry that is already in place (and thriving) and adding massive value, and increasing the profit margin massively.  If/when this all works out, then I will come back and spill the beans one day, once we are properly up and running.  


all good and understandable. all i meant is tailor your words to his business. the other person who got abrupt on the last page was just trying to point out that as a geek he see's that you use the words wrongly. so use finance and the benefits bitcoin can bring to the finaincial business. dont pretend to be a geek.

i have seen a few others that spend 20 minutes talking to people in th 50's and use computer jargon on them, and it just flies over their head leaving more questions then answers. i personally never use 1 script /sales pitch for all, and i dont use ready made video's /presentations. i tailor make all my stuff and i make sure it speaks in the language of the recipient.

i think that was the point the person on the last page was trying to make. so take the advice of the last 20+ posts on board and tweak it into words that speak to the financial investor in the terms of finance. try to keep the words of geek speak to a minimal. such as that one line we both agree on:

"It's just an accounting ledger that everyone has a copy of so that it can't be faked."
nice, short and sweet, and understandable..
and not a
"decentralised peer-to-peer cryptographically utilised payment network" sentance in sight

both meaning bitcoin, but hopefully you see the point in using the first one in your scenario



Hi there, thank you for your time in replying.  I 100% hear what you are saying and I totally agree with what you are saying. I know I am a part time wannabe geek only, alas I am not a full on cypherpunk, and generally I do try to fit my communication style to who I am communicating with in a professional capacity. I was not aware using the word "crypto(s)" to describe/abbreviate the word/term crypto-currency, was so out of the ordinary, I do appreciate that the term comes from the word crypto, and cryptography/cryptology of course......... it is just I thought people on this forum would understand what I meant. Maybe it was my time in Australia that gives me the urge to shorten and slap a s on the end of words.

Anyways, I have more than enough sources of information to send him now, as I say he is almost there already, the guy is certainly no fool, and I more wanted to give him a one stop shop for viewing data sources, educating and exploring and furthering his knowledge in his own time, and opening up the doors of the implications and possibilities, and also the depth and breadth of the work already done (call it proof of work if you will  Cheesy Cheesy) and where this technology could lead us in the future,  more with a view that he has a way of understanding the jargon that he will need to, when he needs to and also to allow him to see and explore the implications for himself, before we meet again.  The more understanding he has, the easier my job will be ongoing, and the more comfortable he will be in investing, and attempting to disrupt the industry that he is involved in. Basically once he is happy with his understanding and trust in the technology and how I propose we use it, then the guy is in to the point that if I can then show him this business model can work, which I can, then we are a go... well ..... barring the finished business plan and costings, negotiations, oh and setting up of international partners, oh and a possible merging of forces with another UK entity which could save us a lot of time money and effort, and also pending advice from the FSA and the HMRC among others, so basically we are almost there ; ) walk in the park. Seriously this resource list is hardly worth talking about, it was perhaps an innocent question to catch anything decent I may have missed to make my job easier. Lazy of me perhaps, but my mind is buzzing right now, and I should be asleep, I have already spent too much time jabbering about this.

Simple is always best though, I hear you, I may tweek the introduction to the resources e-mail before sending it on tomorrow, though I have already chewed the guys ear off for several hours, and the guy did not glaze over too much Grin

Thank you all (almost) for your replies- I appreciate your time.






  
full member
Activity: 182
Merit: 100
Quote
ps - This is not a mining operation, and it is not an exchange, it is something different, as I said not public facing, so it is business to business, and is providing a service that the gentleman already provides, and has done past 20 years with his own firm, and working with some very big players, so this is merely doing almost exactly what he already does and has done the past 20 years, but using cryptocurrency and the blockchain,  it is fiendishly simple, the business is 100% there and the contacts already there, and at no point will the business be in the general publics eye.
 I am sure by the time I am done with him the guy is going to end up holding Bitcoin, probably, but that will have nothing to do with what are going to do. This is more about disrupting a industry that is already in place (and thriving) and adding massive value, and increasing the profit margin massively.  If/when this all works out, then I will come back and spill the beans one day, once we are properly up and running.  

I just can't help it, but, what is this business that these big players are in?
legendary
Activity: 4424
Merit: 4794

ps - This is not a mining operation, and it is not an exchange, it is something different, as I said not public facing, so it is business to business, and is providing a service that the gentleman already provides, and has done past 20 years with his own firm, and working with some very big players, so this is merely doing almost exactly what he already does and has done the past 20 years, but using cryptocurrency and the blockchain,  it is fiendishly simple, the business is 100% there and the contacts already there, and at no point will the business be in the general publics eye.
 I am sure by the time I am done with him the guy is going to end up holding Bitcoin, probably, but that will have nothing to do with what are going to do. This is more about disrupting a industry that is already in place (and thriving) and adding massive value, and increasing the profit margin massively.  If/when this all works out, then I will come back and spill the beans one day, once we are properly up and running.  


all good and understandable. all i meant is tailor your words to his business. the other person who got abrupt on the last page was just trying to point out that as a geek he see's that you use the words wrongly. so use finance and the benefits bitcoin can bring to the finaincial business. dont pretend to be a geek.

i have seen a few others that spend 20 minutes talking to people in th 50's and use computer jargon on them, and it just flies over their head leaving more questions then answers. i personally never use 1 script /sales pitch for all, and i dont use ready made video's /presentations. i tailor make all my stuff and i make sure it speaks in the language of the recipient.

i think that was the point the person on the last page was trying to make. so take the advice of the last 20+ posts on board and tweak it into words that speak to the financial investor in the terms of finance. try to keep the words of geek speak to a minimal. such as that one line we both agree on:

"It's just an accounting ledger that everyone has a copy of so that it can't be faked."
nice, short and sweet, and understandable..
and not a
"decentralised peer-to-peer cryptographically utilised payment network" sentance in sight

both meaning bitcoin, but hopefully you see the point in using the first one in your scenario

legendary
Activity: 1078
Merit: 1441
"I have a lot of friends who are programmers. The programmers have always gone like, "Those [Bitcoin] guys are crazy."

And then, almost 100 percent of the time, they sit down, read the paper, read the code — it takes them a couple weeks -- and they come out the other side. And they're like: "Oh my god, this is it. This is the big breakthrough. This is the thing we've been waiting for. He solved all the problems. Whoever he is should get the Nobel prize -- he's a genius. This is the thing! This is the distributed trust network that the Internet always needed and never had."

So, one of the challenges is you take people who aren't professional programmers or mathematicians and then you expect them to understand it from a standing start. And it's daunting. And so then it gets a word attached to it, like "currency" or whatever you want to call it, and then people think that it is something it isn't. And you have a sense of this, but it's a much deeper concept than currency. It's the idea of distributed trust."
—Marc Andreessen (in conversation with Brian Fung)

Source: http://www.washingtonpost.com/blogs/the-switch/wp/2014/05/21/marc-andreessen-in-20-years-well-talk-about-bitcoin-like-we-talk-about-the-internet-today/

I have a lot of time for Marc Andreessen, and I have a few bit of his work to pass on,

Nice quote - this article will make it onto the list- thanks.

 

legendary
Activity: 1078
Merit: 1441
It's just an accounting ledger that everyone has a copy of that can't be faked.

Good one  Cheesy Cheesy 
legendary
Activity: 1078
Merit: 1441
the investor you talk to is not into programming..

so please please please please DO NOT show him videos that spend 20 minutes talking about cryptography and how mining works.

forex investors do not watch videos about how the fed works, or how a bank note is printed. they truly dont care what patent the cotton of the paper bank note is...

so do not waste a minute on the science of bitcoin.

instead talk to them in human terms. bitcoin itself has not been hacked. (only businesses have, but thats a different story) so just say that hackers have tried to break bitcoin and failed, thats why hackers now love bitcoin for their own store of wealth, because they trust it.
talk about the government side. there are now more government investigations and countries approving bitcoin as an asset. which if you ask a government to approve a tin of baked beans as an asset, they would laugh, again making bitcoin a trusted value store for the government
talk about deflation vs inflation. EG
30 years ago a pizza was less then a dollar, now its over $10..
3 years ago 1 pizza was 5000btc. now you can buy over 60 pizza's for just 1btc.
talk about the fact that forex trading is boring and slow. EG UK-US only moves cents per day and for decades has been stuck on a bracket of £1=$1.50-$1.90 where as bitcoin has no higher or lower brackets. and definitely is at such a small utility now, and growing that the sky is literally the limit..

Keep the "how it works" short. EG
It's just an accounting ledger that everyone has a copy of that can't be faked.

stick to what he knows and wants to know. dont go into mining unless he is going to buy rigs and set them up himself. if he is an investor, its better and cheaper to just buy coins and hoard. or invest into an actual registered and legit business.

mining is not an investment in bitcoin, its an investment in electric supply companies. so dont waste too much time on the mining side.

ps - This is not a mining operation, and it is not an exchange, it is something different, as I said not public facing, so it is business to business, and is providing a service that the gentleman already provides, and has done past 20 years with his own firm, and working with some very big players, so this is merely doing almost exactly what he already does and has done the past 20 years, but using cryptocurrency and the blockchain,  it is fiendishly simple, the business is 100% there and the contacts already there, and at no point will the business be in the general publics eye.
 I am sure by the time I am done with him the guy is going to end up holding Bitcoin, probably, but that will have nothing to do with what are going to do. This is more about disrupting a industry that is already in place (and thriving) and adding massive value, and increasing the profit margin massively.  If/when this all works out, then I will come back and spill the beans one day, once we are properly up and running.  
legendary
Activity: 1078
Merit: 1441
Excuse me- you do not know me, and you know nothing of my background and you know nothing of what I am planning.

I know plenty thanks, and I already have plenty of information- I am merely asking if anyone has any good primers for a total newbie.

Maybe read a bit better-  and by crypto's I was using an abbreviation for Cryptocurrency, of which Bitcoin is certainly one, that much is pretty obvious? or is that the highlight of your knowledge?
Some advice: It's not the easiest thing to do, but it's best not to respond to an attack in this way. Better is to wait for a while, and someone else will do it for you, which makes you look much better.


Hi yeah I know Smiley my bad - I have dealt with a fair share of mindless trolls in my life, and I can see that this chap is not a very smart or a useful troll even, so he is now on ignore, where he shall stay.
 
legendary
Activity: 1078
Merit: 1441
Excuse me- you do not know me, and you know nothing of my background and you know nothing of what I am planning.

I know plenty thanks, and I already have plenty of information- I am merely asking if anyone has any good primers for a total newbie.

Maybe read a bit better-  and by crypto's I was using an abbreviation for Cryptocurrency, of which Bitcoin is certainly one, that much is pretty obvious? or is that the highlight of your knowledge?
Some advice: It's not the easiest thing to do, but it's best not to respond to an attack in this way. Better is to wait for a while, and someone else will do it for you, which makes you look much better.

I "agree", let me sum it up for you :

Some non-technical noob, like to start a "crypto" related company while using technical word without actually understand jack about it "technically". How typical right?

The OP background is finance. How many times have we seen failed btc businesses run by "financial experts"?

Good luck to whomever handing the OP money.


My my you are full of yourself - and you jump to a lot of conclusions, false ones at that - good luck to whomever you live with.

legendary
Activity: 1078
Merit: 1441
"I have a lot of friends who are programmers. The programmers have always gone like, "Those [Bitcoin] guys are crazy."

And then, almost 100 percent of the time, they sit down, read the paper, read the code — it takes them a couple weeks -- and they come out the other side. And they're like: "Oh my god, this is it. This is the big breakthrough. This is the thing we've been waiting for. He solved all the problems. Whoever he is should get the Nobel prize -- he's a genius. This is the thing! This is the distributed trust network that the Internet always needed and never had."

I did not read the code myself, but I have read the original whitepaper.

It is a little technical, but not very long. You have to understand what a cryptographic hash is to understand the paper. (A cryptographic has is a hash that is believed to be irreversible).

Hi - thanks : )

The Bitcoin whitepaper of course is the first thing I read back in end of 2010, and the first item in my list : )

I have an pretty good understanding of basic cryptography, hashing, elliptic curve etc

As I said this is not for me (though it is always good to learn new things of course) and the gentleman I am in talks with will only ever most likely
want a rudimentary understanding of the deeper workings of the protocol - hence why I am looking for good primers to get the guys up to speed...
 I have enough info already , just scanning for any good polished sources that I may not have seen.


 
hero member
Activity: 658
Merit: 500
Excuse me- you do not know me, and you know nothing of my background and you know nothing of what I am planning.

I know plenty thanks, and I already have plenty of information- I am merely asking if anyone has any good primers for a total newbie.

Maybe read a bit better-  and by crypto's I was using an abbreviation for Cryptocurrency, of which Bitcoin is certainly one, that much is pretty obvious? or is that the highlight of your knowledge?
Some advice: It's not the easiest thing to do, but it's best not to respond to an attack in this way. Better is to wait for a while, and someone else will do it for you, which makes you look much better.

I "agree", let me sum it up for you :

Some non-technical noob, like to start a "crypto" related company while using technical word without actually understand jack about it "technically". How typical right?

The OP background is finance. How many times have we seen failed btc businesses run by "financial experts"?

Good luck to whomever handing the OP money.
full member
Activity: 206
Merit: 100
Excuse me- you do not know me, and you know nothing of my background and you know nothing of what I am planning.

I know plenty thanks, and I already have plenty of information- I am merely asking if anyone has any good primers for a total newbie.

Maybe read a bit better-  and by crypto's I was using an abbreviation for Cryptocurrency, of which Bitcoin is certainly one, that much is pretty obvious? or is that the highlight of your knowledge?
Some advice: It's not the easiest thing to do, but it's best not to respond to an attack in this way. Better is to wait for a while, and someone else will do it for you, which makes you look much better.
hero member
Activity: 658
Merit: 500
....blah blah blah blah...



I dont care if you think i sound rude. The fact that you keep preferring bitcoin as "crypto" means you already failed at grasping the fundamental of bitcoins.


Fortunately for you, there are also many idiots like to use such "technical" word to show they're in the known/trend.

Wanna talk to an investor about bitcoin, talk about " alternative currency" and the economic aspect behind it as what they care about is their bottom line.

Good luck to you... and your grandma if she's still alive.
legendary
Activity: 1960
Merit: 1010
Here's a nice article that says a lot of current Bitcoin and altcoin's financial situation:

http://cryptobizmagazine.com/cryptogenic-bullion-and-the-consultancy-culture/
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
Also I think Andreas M. Antonopoulos ebook will be very useful to spread bitcoin idea to the world ... bitcoin learning resources are very important ... after all only few are capable to dig into 281800 lines of code...
legendary
Activity: 4424
Merit: 4794
the investor you talk to is not into programming..

so please please please please DO NOT show him videos that spend 20 minutes talking about cryptography and how mining works.

forex investors do not watch videos about how the fed works, or how a bank note is printed. they truly dont care what patent the cotton of the paper bank note is...

so do not waste a minute on the science of bitcoin.

instead talk to them in human terms. bitcoin itself has not been hacked. (only businesses have, but thats a different story) so just say that hackers have tried to break bitcoin and failed, thats why hackers now love bitcoin for their own store of wealth, because they trust it.
talk about the government side. there are now more government investigations and countries approving bitcoin as an asset. which if you ask a government to approve a tin of baked beans as an asset, they would laugh, again making bitcoin a trusted value store for the government
talk about deflation vs inflation. EG
30 years ago a pizza was less then a dollar, now its over $10..
3 years ago 1 pizza was 5000btc. now you can buy over 60 pizza's for just 1btc.
talk about the fact that forex trading is boring and slow. EG UK-US only moves cents per day and for decades has been stuck on a bracket of £1=$1.50-$1.90 where as bitcoin has no higher or lower brackets. and definitely is at such a small utility now, and growing that the sky is literally the limit..

Keep the "how it works" short. EG
It's just an accounting ledger that everyone has a copy of that can't be faked.

stick to what he knows and wants to know. dont go into mining unless he is going to buy rigs and set them up himself. if he is an investor, its better and cheaper to just buy coins and hoard. or invest into an actual registered and legit business.

mining is not an investment in bitcoin, its an investment in electric supply companies. so dont waste too much time on the mining side.
cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
It's just an accounting ledger that everyone has a copy of that can't be faked.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
legendary
Activity: 1008
Merit: 1001
Let the chips fall where they may.
"I have a lot of friends who are programmers. The programmers have always gone like, "Those [Bitcoin] guys are crazy."

And then, almost 100 percent of the time, they sit down, read the paper, read the code — it takes them a couple weeks -- and they come out the other side. And they're like: "Oh my god, this is it. This is the big breakthrough. This is the thing we've been waiting for. He solved all the problems. Whoever he is should get the Nobel prize -- he's a genius. This is the thing! This is the distributed trust network that the Internet always needed and never had."

I did not read the code myself, but I have read the original whitepaper.

It is a little technical, but not very long. You have to understand what a cryptographic hash is to understand the paper. (A cryptographic has is a hash that is believed to be irreversible).
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