Topic: simple way to understand bitcoin - page 2. (Read 5778 times)
Maybe I will go against the most here but I find very hard to understand what is bitcoin with this example. To mention only one fact that must be without doubt in your example. No sign of word internet in your example when internet is the only environment when bitcoin exist and act. No sign of computer in your words when computer is (was, but is the symbol) the main product which produce this coin. Maybe this a good story which can entertain the kids but, according to me, not the explanation of the simplified meaning of bitcoin.
Haha I like the analogy. Maybe I'll show it to my friends later.
It's useful to describe the basic overview of bitcoins
However, it still takes a bit more explaining to describe to them their value
It's useful to describe the basic overview of bitcoins
However, it still takes a bit more explaining to describe to them their value
First you have to understand the concept of cryptocurrency or virtual money. There are many videos available on youtube which explains from the beginning of Bitcoins, then there are many articles available on internest. You can also refer below links for more knowledge about bitcoins.
https://www.youtube.com/watch?v=22Cr_CD2lJw
https://www.youtube.com/watch?v=wJHk7QzSqn4
https://www.youtube.com/watch?v=22Cr_CD2lJw
https://www.youtube.com/watch?v=wJHk7QzSqn4
LOL, that's pretty good. Even teens these days don't know or understand anything about btc. I will show this to them now. Good job
hahaha, you're right, it is very easy to understand, even my brother who was 11 years old already understand after reading this article 
There is no need to understand bitcoin completely. Because if you're going to create an alternate cryptocurrency only you need to understand bitcoin completely. Otherwise, there is no need of bitcoin knowledge to use it or to invest in bitcoin. You can simply start using it. In time you will get good knowledge of it.
this is a nice way to teach kids to learn the bitcoin system
but if they ask whats mining? ill just say its how bitcoins are
produced.. if they ask more ill say just ask our friend google
but if they ask whats mining? ill just say its how bitcoins are
produced.. if they ask more ill say just ask our friend google
yup understood
this analogy like a good story for children, when you tell them 'what is bitcoin' and 'how its works'
but in a different way i still not understand about mining,blocks,fork,chain,difficulty etc
i couldn't explain to people that asked me about mining, i just tell them that mining is one of way to earn bitcoin, all i know is just using and transaction with bitcoin safely
this analogy like a good story for children, when you tell them 'what is bitcoin' and 'how its works'
but in a different way i still not understand about mining,blocks,fork,chain,difficulty etc
i couldn't explain to people that asked me about mining, i just tell them that mining is one of way to earn bitcoin, all i know is just using and transaction with bitcoin safely
Simple way to understand bitcoin must be using it in real time with very small volume. We need to intensive meet ups and training sessions all over cities world wide. So, we can spread the spirit of bitcoin. That will ensure the growth of bitcoin as well.
I was trying to explain it to my son and family, my dad still finds it a bit mind boggling but my son got the drift even though he isn't a basement nerd. I just say it is digital money and that the Bitcoin blockchain is also used to solve problems as well and can help to build more and more applications of it in the future. I don't know if I explained it correctly lol but for a no techy there you have it.. 
I'm 24, It was not hard for me to learn Bitcoin, then again, I was writing HTML code when I was 10. My underdeveloped mind thought that learning in-depth about computers was an activity adults do when they go to university. Or at least that's what my foster parents said. I was "too young" to be thinking about that "nerdy" stuff and that I should be playing football. All and all, I still have learned enough about football, and I will say I am athletic (not that it matter)
Back on point, this is a great way to explain to your grandparents how Bitcoin works. My grandmother essentially gave up keeping up to date and consequently will blindly accept anything I say about Bitcoin. This would be a good explanation for her.
Back on point, this is a great way to explain to your grandparents how Bitcoin works. My grandmother essentially gave up keeping up to date and consequently will blindly accept anything I say about Bitcoin. This would be a good explanation for her.
not easy as you said,because many people do not know or dont really care about internet.
bitcoin is need internet connection,and we must explain simply.
bitcoin is need internet connection,and we must explain simply.
That's a good explanation, but IMO it won't attract people to BTC. The idea of a robot choosing random people to give money to makes people think of a lottery rather than real money,
This should be a sticky post.
Most people believe they know what a bitcoin is... specially since people talk about mining... as if mining creates coins.. instead of rewarding mining with coins... which is nothing like mining at all.
Care to explain double spending? Using the same scenario?
While at it, it wouldn't hurt to explain "mining" too.
Thanks OP!
Most people believe they know what a bitcoin is... specially since people talk about mining... as if mining creates coins.. instead of rewarding mining with coins... which is nothing like mining at all.
Care to explain double spending? Using the same scenario?
While at it, it wouldn't hurt to explain "mining" too.
Thanks OP!
This was me up until this week. My perception of 'mining' was so off it is almost laughable. I'm new to the whole adventure as of this week (despite hearing about bitcoin since it started), and my basic assumptions are undergoing some massive shifts.
very easy to understand, even too easy 
Thanks, I will send this to all my stupid friends (so, everyone who doesn't know how bitcoin works yet 
)
)
the visualization in my head LOL
LOL, that's pretty good. Even teens these days don't know or understand anything about btc. I will show this to them now. Good job
Instead of explaining all that to a 7 year old.
I`ll provide a treat, teach him how to save his treats. After that, take it all away. and say this the reason why mom and dad loves bitcoin.
It`ll be a confusing experience what happened to the 7 year old, and he/she will start asking questions.
I`ll provide a treat, teach him how to save his treats. After that, take it all away. and say this the reason why mom and dad loves bitcoin.
It`ll be a confusing experience what happened to the 7 year old, and he/she will start asking questions.
It's a good idea to teach kids on Bitcoin but I would focus on how to use it rather than how it works because I think age 7 is way too early to understand it even if you try to make it as simple as possible.
Jump to: