Topic: The simplest, easiest way to explain BITCOIN to a newb - page 2. (Read 2245 times)

Thinking about it. Western Union will be the who will on the brink of dying now.  The thought of it explaining to many people with your idea will open their minds that there is more cheaper way to send money.

yeah I think the most simple to teach new users is with video. with video you're not only giving a lesson
to just one user but for all newbie

The easiest way to explain bitcoin to a newbie is through hands on. I will give him same faucet and will teach him how to make wallets transfer satoshi and other things.after he is familiar with the transact that's the time I will explain what is bitcoin. It is easy to understand when you can picture out what is it all about. The best way to encourage a person to learn bitcoins is to let him earn some money through bitcoins

Thanks I appreciate that my friend!

Indeed, not everyone cares how airplanes fly nor do they even understand aerodynamics even upon a 17th explanation, lol.

You rock for seeing eye to eye with me!

You did hit the bulls eye there. Thag is one good hell of a way to explain it. Many people are sending money through their love ones also from different places and businesses will like this because of the low fee. You did good my friend. I will try it next time.

The mining and other stuff takes it too deep that is why they dont come back after we explain that.

i think the most easiest way of getting information about bitcoin is to visit a website or you tube. because there a newbie can easily get all kind of information about bitcoin. he can download and can watch it from time to time.

well if you want to learn about it yourself then yes, but if you want to explain it someone then i think i would just tell that it allows you to make some good money over time and thats it

i think the most easiest way of getting information about bitcoin is to visit a website or you tube. because there a newbie can easily get all kind of information about bitcoin. he can download and can watch it from time to time.

This is a terrible way to explain Bitcoin! You use irrelevant arguments.
Yes, I know what Western Union is, and no, I've never used it. And even if I did use it, I wouldn't use it to send 1 million dollars! I use Paypal, which - unlike Bitcoin - has no charge for the sending party. And in Paypal too, I don't send 1 million dollars. Even if I would have 1 million dollars and wanted to send it, I wouldn't use either one of these companies for it.

For the 7 cents transaction fee: that's barely enough to get your transaction confirmed nowadays. If I go to blockchain.info now, click the last block, and click the first transasaction, it uses $0.83 fee for a 223 bytes transaction worth a few dollars. That's what you need to pay to get priority from miners.
But even better: if I would like to transfer 1 million euro (I don't live in the USA), I can do it by bank. Without any additional charge (I only pay a few euros fixed fee per month for my account).

I pay in shops with either cash (businesses estimate processing it costs a few cents per transaction) or debit card (which is even cheaper for the business than using cash). I recently ordered dinner online using Bitcoin, and my Priority fee was higher than this.

I tried to explain it recently, when I say: "it's a digital wallet" I get the question "but it has to come from an account".
Maybe the whole approach is wrong! People don't need to understand it to use it. Just like almost nobody understands the concept of "money" in general. People think banks lend out money from savings accounts, and banks want people to keep thinking that.

I usually start out like this, "You know all money are fake right? It is not based on gold anymore and with Fractional reserve banking, it is created out of thin air. You also know, money is already in digital form, right? ..Then I start to explain the digital form of money that are not going through the banking system and which is not governed by anyone, but the people participating in the network.

I am very successful with that, once they get over the fear of digital money. ^smile^