Random guy asks you about this internet money BITCOIN - page 2.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: Snorek on July 24, 2016, 11:18:49 AM

Interesting question, I would pick these 3 key facts:

1. Bitcoin is fast, decentralized internet based currency which means it can't be controlled or banned by government.
2. Transactions are very cheap, in most cases you will pay less than 1 cent for sensing BTC to any place in the world.
3. Bitcoin is great speculative tool, if you buy 1 bitcoin now it could be worth 50% more in a 2-6 months.

Don't want to rain on your parade but
1 bitcoin isn't really that "fast" compared to other ways of internet payments (PP.skrill,AP..just to name a few), even tho it has great advantage over them as well
2 transactions are much more expensive then what they used to be, just try making a 0 fee transaction these days.. it used to work..
3 great thing to speculate on - definitely , but it could just as easy go down 50% in same time range.

~Bitcoin~

legendary

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Ask him to search not what is bitcoin, but search how bitcoin works. Some of the key features;
1. there will be no midman when you send money from your wallet to another.
2. You are the only one person who have access to your bitcoin and no any bank/government can touch your bitcoin/money.
3. Nobody can track you with only knowing your bitcoin address (complete anonymity).

Snorek

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Interesting question, I would pick these 3 key facts:

1. Bitcoin is fast, decentralized internet based currency which means it can't be controlled or banned by government.
2. Transactions are very cheap, in most cases you will pay less than 1 cent for sensing BTC to any place in the world.
3. Bitcoin is great speculative tool, if you buy 1 bitcoin now it could be worth 50% more in a 2-6 months.

JeffBrad12

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

Just short answer the key features of bitcoin, you can manage your money without another parties intervention in it, try that and you will get another bonus features for this.

We don't making a long explanation for them just telling about simple word can make them suspicious about it.

serjent05

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

I think the three function I can tell him re these.

Bitcoin is fast and handy. He can easily transact with it with little to no time transaction. He can bring bitcoin with him anywhere and can use his smartphone as a wallet.

It is safe and secure. It has a high level of security that is hard to crack, and it is up to him on how to set up private key or seed key.

It can give him profit. It is a currency and at the same time an investment because off its volatility.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

There already was talk about this (there even was a contest for in-short version of what bitcoin is). Anyways i would say something like
that bitcoin is a decentralized ledger where unit of payment is bitcoin, and sole owner of your coin is you. New coins are generated on average every 10 minutes,
and are rewarded to people that process transactions, but are halved on average every 4 years, making bitcoin not only a secure and safe method of payment, but also
a great investment or store of value asset.

Nahl

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

first of all does he understand what is digital currency because this is basic knowledge of bitcoin and if he understand i think with short words he will be understand about bitcoin because if he does not know anything about digital currency i think there will be difficult explain to him what is bitcoin only in short sentence also i considers bitcoin could not explain with only short explanation and if any person asking what is bitcoin in 2 or 3 words i guess this person basically not interested to bitcoin

PokerFace3

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Quote from: yenxz on July 24, 2016, 09:53:32 AM

Bitcoin same as other currencies . for now you can do many things with bitcoin . regardless of time and place . you can
spend or invest your bitcoin . and I suppose it depends on your plans and desires in bitcoin .
many people are already using bitcoin one of them by sending money to overseas seseorand without great expense.
( Keep in mind ) that is the new currency bitcoin , and bitcoin is making good progress in the past . still not too late for you to buy bitcoin
as a long-term investment . Grin

Simple Bitcoins are digital currency set to change our monetary system in the near future. It is a currency that makes our transactions fast, easy and private. Currently bitcoins are more of a investment than currency due to it's high value !!!

yenxz

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Bitcoin same as other currencies . for now you can do many things with bitcoin . regardless of time and place . you can
spend or invest your bitcoin . and I suppose it depends on your plans and desires in bitcoin .
many people are already using bitcoin one of them by sending money to overseas seseorand without great expense.
( Keep in mind ) that is the new currency bitcoin , and bitcoin is making good progress in the past . still not too late for you to buy bitcoin
as a long-term investment . Grin

Wendigo

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Well my 3 Bitcoin highlights would be these:

1. Your Bitcoin funds online will be absolutely private as long as you keep them there and don't cash out so the government will have no idea what you have been doing.

2. Bitcoin transactions are irreversible so this could be an advantage or disadvantage depending on the situation.

3. The Bitcoin market is highly volatile and resembles a stock market so Bitcoin in its current state doesn't act as a digital currency and more like an asset.

romero121

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Will start to explain about the existence of such digital currencies, which most of the people were unaware. From that if I found him interested in knowing more will continue to explain the advancement of bitcoin over other digital currencies.

groll

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First thing I will tell him that bitcoin is an online virtual currency with a corresponding fiat currency value.

Second is bitcoins transaction is done is secrecy since the user is annonymous.

Third is bitcoin has gained a significant increase. Those who saved their money in the form of bitcoins have gained more than who does fiat currency time deposit in banks

SmartIphone

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

It's an online/digital currency something like e-banking but with different behaviors, buy, sell and trade like anything else, the transaction speed is slower than paypal or VISA but it is much faster than bank transfers and the transaction fees are less than WesternUnion,banks,paypal etc.

Sidas_Crew669

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

Maybe you could say that bitcoin is the revolution of online currencies that are much safer bitcoin, easy, and very profitable. After that you can give her some blog or site that discusses the bitcoin or you can provide a link to them in this forum.

Leonard2016

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

i will only stick to a couple of key features that make bitcoin good in my opinion:
1) decentralization
2) anonymity
3) speed and security
and also depending on my mood i may get into specualtion about the price and how it can rise over the years making bitcoin an excellent investment for long term.

pereira4

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I have been asked about what Bitcoin is before by some in real life people and I always failed to properly explain them the point of Bitcoin. Unfortunately its very difficult to explain people concepts such as decentralization and consensus algorithms.

harizen

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

...a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

Tell him to overcome that and it will good to go.

A person that really want to know more about bitcoin, will seek information by themselves.

outatime1

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It's kind if like digital or electronic money, but it may be easier to compare it to a combination of paypal, credit cards, western union, and a bank account. It has features of all of these, but is also unique. Basically it's a method of payment, and way to send money, and a way to store money.

jak3

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Bitcoin Is a Intrenet Currency.
1. It Has no involvmet of government or bank so transactions are fast and with less fees and also world wide.
2. it has high security and it is convertable to any other type of currencys or we can buy any product or servic with it.
3. 1Bitcoin is 650$ at currenct price but it is keep changing every hour or day

ebookscreator

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Quote from: Senor.Bla on July 24, 2016, 03:59:29 AM

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

I think them that bitcoin is money you can use bitcoin to transfer all over the world without hassle without any real identity you can make your wallet fast.
Also you can tell them that you use bitcoin as payment online for some stores..

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