Topic: Random guy asks you about this internet money BITCOIN - page 3. (Read 1691 times)
for any one to explain bitcoin it is not very difficult , if you mobile phone you can show him a video or a blog on the mobile device it self , mainly you can tell dude it is internet money , need to a have wallet instead of bank account , it is an secured currency, easy to transact
first of all, i am not gonna answer some random dude on the street who randomely asks me about bitcoin besides youtube can do the job so much better and easier than i can do in either a couple of sentenses or an hour of talking.
but i like two definitions for bitcoin that i think describes bitcoin the best in short: peer to peer money, and a public ledger.
besides youtube can do the job so much better and easier than i can do in either a couple of sentenses or an hour of talking.but i like two definitions for bitcoin that i think describes bitcoin the best in short: peer to peer money, and a public ledger.
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.
Bitcoin is online peer to peer currency not controlled by any individual or organization,cryptographically secured and anonymous. 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.
Tell him it's internet money, and he could have bought a Bitcoin for one cent seven years ago, then sold it for more than $1100 less than five years later.
Tell him it went up in value more than 5.5 times in 27 days during November 2013.
Tell him if he had bought $10 worth of Bitcoins at the start of November 2013 he could have sold his stash for $55 at the end of November 2013.
Tell him it went up in value more than 5.5 times in 27 days during November 2013.
Tell him if he had bought $10 worth of Bitcoins at the start of November 2013 he could have sold his stash for $55 at the end of November 2013.
Give him your e-mail address (or a throw away mail addy) next time so you have some time when you get home to explain it to him better.
If he already wants to know about bitcoin as he starts asking random people about it, he should be willing to understand the concept anyway.
About the people that say it is tax free: Bullshit, like any other store of wealth you own, you have to pay tax one way or another. The fact that they can't enforce it at the moment doesn't mean you wont have to pay it.
If he already wants to know about bitcoin as he starts asking random people about it, he should be willing to understand the concept anyway.
About the people that say it is tax free: Bullshit, like any other store of wealth you own, you have to pay tax one way or another. The fact that they can't enforce it at the moment doesn't mean you wont have to pay it.
Bitcoin is:
1. Decentralised and the coins cannot be frozen by anyone or counterfeited.
2. Very fast and takes lesser fees compared to other payment methods. Bitcoin transactions can be confirmed in minutes while Paypal transactions for example are easily reversible for up to 180 days.
3. Pseudonymous. With sufficient precautions, it is extremely hard for anyone to trace the coins, ensuring privacy.
1. Decentralised and the coins cannot be frozen by anyone or counterfeited.
2. Very fast and takes lesser fees compared to other payment methods. Bitcoin transactions can be confirmed in minutes while Paypal transactions for example are easily reversible for up to 180 days.
3. Pseudonymous. With sufficient precautions, it is extremely hard for anyone to trace the coins, ensuring privacy.
Its money like any other currency, and for now you can do many things with bitcoin, and with time there is more and more places where you can spend or invest you coins. That completely depends from your wish and plans. I would tell also how he can send money to someone abroad without big fees, and that he can even try to trade with bitcoin and some other currencies.
Bitcoin is a new currency, and bitcoin made a good progress in past years, I will say that its still not late for buying bitcoin and trying to get some while its not so much expensive.
I like to gamble so I would tell him few words about that for sure, and how nice is to play games and earn some money while he have fun.
Bitcoin is a new currency, and bitcoin made a good progress in past years, I will say that its still not late for buying bitcoin and trying to get some while its not so much expensive.
I like to gamble so I would tell him few words about that for sure, and how nice is to play games and earn some money while he have fun.
Bitcoin is money. I think that is enough to explain what bitcoin is to anyone. If the guy wants to know more complex information about bitcoin then there you can tell him more stuff.
If that's from our country, here's the three (3) things that I would say:
1. The government can't put tax on you if your salary is on Bitcoin. (Tax is a major issue in our country)
2. You can't be scammed by some people out there when they're paying you with bitcoin because it's irreversible. (Unless you're stupid)
3. If you do have a wallet, a bank account, and some coins, just imagine that those 3 things exists online as well. You know how those three works, that's how it works online as well (basically).
1. The government can't put tax on you if your salary is on Bitcoin. (Tax is a major issue in our country)
2. You can't be scammed by some people out there when they're paying you with bitcoin because it's irreversible. (Unless you're stupid)
3. If you do have a wallet, a bank account, and some coins, just imagine that those 3 things exists online as well. You know how those three works, that's how it works online as well (basically).
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.
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.
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