[Seriously] How can I explain Bitcoin to a grandma or grandpa?

Corenin

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Quote from: MWesterweele on June 15, 2016, 07:10:54 AM

Just like how you explain it on other person or on your friends.Treat your grandma and grandpa as friend and teach them like a age of yours.That would be god

That's nice but I don't think at older age they will entertain bitcoin or would be interested in knowing it, as they are enjoying their retirement life they will not bother to earn money now.

Fatanut

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Just tell them there's another world on the Internet and that's where you can find bitcoin. Tell them that bitcoin is just another currency like dollars, euro, etc. The only difference is that you can only get access to your bitcoins if you have Internet but just like the other currencies, you can exchange bitcoin into another currency as well.

MWesterweele

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Just like how you explain it on other person or on your friends.Treat your grandma and grandpa as friend and teach them like a age of yours.That would be god

ImHacked

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I think explaining it to a not techy grandpa or grandma is not worth it since they will not be interested on it.But if they really want to know it they can easily understand it even ifnyou said the basics only on bitcoins

hermanhs09

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Quote from: Dabs on June 13, 2016, 07:01:45 PM

Quote from: yayayo on June 13, 2016, 06:52:19 PM

"Nobody can generate Bitcoin out of thin air."

But, but ... that's what miners do!

hahahahahahaha... now you have to explain mining.

Seriously whenever I attempt to explain something to my grandparents this does not end well. It usually goes into a spiral of never ending questions. Whenever there is a new idea you have to explain it.

"Decentralized anonymous virtual currency" sums it up nicely i guess.

Cyaren

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Well, say that they can use their old PCs to generate some income for them if they can just leave their PCs on 24/7. I mean, they won't really, but it's a good way to lure someone into BTC.

Also if they understand what decentralized means, explain that to them too.

serjent05

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I think we can explain Bitcoin to old people by simply trimming down the tech behind it. We can tell then that it's some kind of token with equivalent money value and is adopted by lots of merchant in the whole world and can be use to buy stuff. Digital currency is a bit too deep for them to understand especially to those non-techy senior people. But they are familiar with token. So for a starter we can use the term token and when they are comfortable using it, we can then explain it little by little or they can figure it out what bitcoin really is themselves Cheesy

. Don't look down on seniors! they are Far knowledgeable than us in terms of experience and adoptation.

Frost

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Quote from: Dabs on June 13, 2016, 09:33:03 PM

Quote from: Yakamoto on June 13, 2016, 07:10:22 PM

I think he can just say that it requires computers to look for a single line of coding (basically) and they have to make trillions of calculations every second in order for someone to find some Bitcoin after ten-ish minutes.

Grandma: so in 10 minutes I can haz my 50 bitcoins?
Grandpa: the reward is halving grandma, it will be 25, o wait, it's halving again, it's now 12.5 bitcoins.
Grandma: oh. so in 10 minutes I can haz my 12.5 bitcoins? WTF is halving? What do you take me for? Obsolete?
Grandpa: You need a dedicated application specific integrated circuit bunch of chips to mine on a pool.
Grandma: I don't swim, I'm not going into any pool with you.
Grandpa: (crap, no sex again for another 48 hours, I'm getting too old for this shit, you grandson, go buy me a beer!

Lol, this made me laugh hard Grin

ajun96

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Quote from: Frost on June 10, 2016, 04:40:19 PM

I wonder what is the easiest explanation of Bitcoin that you can come up with? Grin

bitcoin is suitable for all ages. including grandpa or grandma. You can still tell them about bitcoin. but most parents are blind to the technology and bitcoin live online and use the internet to its use? maybe you'll difficulty in telling them. I'm also confused as to how to tell them about bitcoin?

Kprawn

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Quote from: unamis76 on June 14, 2016, 02:23:13 PM

Saw this online and remembered this thread. It might be relevant, I don't think it was posted before

Can't find it in higher resolution unfortunately.

Dude, that explanation will scare off the kids, if they saw that.... I do not even want to think what Granny will think of that, if I showed her that. I can already see this... Granny - Sonny get me my

glasses and let's see if I can figure this out... Why are there so many lines? I just told her, " Gran, it's the electronic version of regular money, BUT just a lot smarter " She then asked, But what if the

computer do not work, can I still use it.... And then I said... " Gran, we do not only use our computers... you use your cellphone too.. The response was .... " This is Cool " Grin

unamis76

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Saw this online and remembered this thread. It might be relevant, I don't think it was posted before

Can't find it in higher resolution unfortunately.

wintermeasures

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Quote from: Frost on June 10, 2016, 04:40:19 PM

I wonder what is the easiest explanation of Bitcoin that you can come up with? Grin

I guess it was not necessary, the benefits of what you can do if teach them about bitcoin? because I think bitcoin too complicated for older people especially who are not familiar with the technology / internet. an easy way for old people is to fiat money they've known it since they were born instead. different with us now who are familiar with bitcoin, then in the future if we are old we prefer bitcoin I guess. hehe

Hirose UK

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Quote from: Frost on June 10, 2016, 04:40:19 PM

I wonder what is the easiest explanation of Bitcoin that you can come up with? Grin

"online money"

I think it's a simple term to tell grandma and grandpa as long as they know what online is. the thing is if your grandparents don't know what "online" is, but I think the term is known by most of people. so you can tell them that bitcoin is online money

btccashacc

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Just explain to them that bitcoin is a means to pay your bills without the need to go out of the house, and it can be sent through just a single click of a mouse. They would crazy if you explain technicaly about bitcoin like blockchain, mining, etc, i think grandparents in this era are familiar with e-payment, and majority of them use it,

Dabs

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Quote from: Yakamoto on June 13, 2016, 07:10:22 PM

I think he can just say that it requires computers to look for a single line of coding (basically) and they have to make trillions of calculations every second in order for someone to find some Bitcoin after ten-ish minutes.

Grandma: so in 10 minutes I can haz my 50 bitcoins?
Grandpa: the reward is halving grandma, it will be 25, o wait, it's halving again, it's now 12.5 bitcoins.
Grandma: oh. so in 10 minutes I can haz my 12.5 bitcoins? WTF is halving? What do you take me for? Obsolete?
Grandpa: You need a dedicated application specific integrated circuit bunch of chips to mine on a pool.
Grandma: I don't swim, I'm not going into any pool with you.
Grandpa: (crap, no sex again for another 48 hours, I'm getting too old for this shit, you grandson, go buy me a beer!

Yakamoto

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Quote from: Dabs on June 13, 2016, 07:01:45 PM

Quote from: yayayo on June 13, 2016, 06:52:19 PM

"Nobody can generate Bitcoin out of thin air."

But, but ... that's what miners do!

hahahahahahaha... now you have to explain mining.

Well the original statement technically makes sense, it does take some effort to be put in and some energy in order for Bitcoins to be generated, and they don't just appear... and now I see you were being sarcastic.

I think he can just say that it requires computers to look for a single line of coding (basically) and they have to make trillions of calculations every second in order for someone to find some Bitcoin after ten-ish minutes.

Dabs

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Quote from: yayayo on June 13, 2016, 06:52:19 PM

"Nobody can generate Bitcoin out of thin air."

But, but ... that's what miners do!

hahahahahahaha... now you have to explain mining.

yayayo

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Quote from: Monnt on June 11, 2016, 05:43:18 AM

It's gold, but better.

1. It's a commodity, like gold.
2. All bitcoin transactions are public, but you don't know who participated in It.
3. The supply of bitcoin is slowly slowing down, like gold.
4. It's much more portable and easier to accept than gold.

That is the most accessible explanation for a grandma or grandpa, because it is based on a concept they can easily relate to. However I would change the sentence "It's gold, but better." to "It has a lot of similarities to gold, the difference being that computers do the work that mining companies do by extracting phyiscal gold.".

Also your 3rd point is a bit questionable, since gold supply is fluctuating but remaining relatively steady longer term. I would change that to: "The supply of Bitcoin is strictly limited. Nobody can generate Bitcoin out of thin air."

It makes no sense to portray Bitcoin as being better than gold, because that is a quite strong claim which is not easily believable given the thousands of years of history gold has in its favor. It's sufficient to portray Bitcoin as something highly similar, yet more modern. That is convincing enough.

ya.ya.yo!

Wendigo

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I would start to explain Bitcoin to my grandparents by telling them it's money issued out by computers over the Internet. I would add also that there is no central bank overseeing the process and that every person can hold this kind of money without disclosing their personal information to the authorities. I think it would be very hard to explain how Bitcoin transactions and wallets work though because that would require some technical knowledge but other than that the general idea of Bitcoin could be understood if explained properly I guess. Just don't get stuck explaining technicalities Cheesy

isen

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You don't have to explain them every technical detail about blockchain etc. try to keep it simple by telling them it is an internet currency that everyone can use,it is anonymous and very safe to use.But i am afraid that still it will be hard for them to understand,good luck.

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