That should be easy enough, right?
Topic: Metaphors to Describe Bitcoin and Blockchain (Read 107 times)
Bitcoin is like digital Gold, it dropped the weight and it is travelling via the internet from person to person and are being tracked by a online ledger that are stored in a decentralized technology called the Blockchain. The Gold still retained it's value, but it is just a digitized token now.
That should be easy enough, right?
That should be easy enough, right?
When you tell most people about a public ledger and a cryptographically secured cryptocurrency they look at you wide-eyed and confused. Metaphors are an excellent way to explain something complex to someone in a simple manner. By using something that they already know, they can associate and correlate the information they already have in their heads. For example, finding a good employee is like "finding a needle in a haystack". People can instantly relate to what it's like to find a "needle in a haystack".
So what good metaphors/ analogies are there to explain bitcoin and blockchain?!
Example: Blockchain is kind of like a shared google document, everyone can see what is happening but only one person can make an edit at a time. Also, once an edit is made, it can't be changed.
What else do you guys have???
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