Topic: What is Bitcoin in 15 Seconds (Read 3198 times)
Bitcoin is a decentralized currency which can be transferred all over the world. This is done by computers all over the world that are running software to "mine" bitcoins and provide the infrastructure for the currency.
Bruno:
This is a very good thing to do... get us to start thinking. I am having lunch with my father in a few days to explain bitcoins to him. He is very much the skeptic/non-technologist so thinking this through is very helpful.
Also I think that Serith made a very good point about people not understanding 'cryptography' or the other underlying technologies. I honestly believe that a majority of the US population believes what they see on CSI and that the cops can just pop in a CD and decrypt anything. Given this assumption alone it may be wise to steer clear of that conversion to begin with.
Also having different presentations/maps ready for different audiences would be great.
Thanks for making me 'put this on paper' so-to-speak.
This is a very good thing to do... get us to start thinking. I am having lunch with my father in a few days to explain bitcoins to him. He is very much the skeptic/non-technologist so thinking this through is very helpful.
Also I think that Serith made a very good point about people not understanding 'cryptography' or the other underlying technologies. I honestly believe that a majority of the US population believes what they see on CSI and that the cops can just pop in a CD and decrypt anything. Given this assumption alone it may be wise to steer clear of that conversion to begin with.
Also having different presentations/maps ready for different audiences would be great.
Thanks for making me 'put this on paper' so-to-speak.
Thank you, ErebusBat. Please take a moment to view, or re-view if that's the case, the following video of which has be linked to several times by me and others on this forum: http://www.youtube.com/watch?v=qp0HIF3SfI4. Keep in mind this thread and its ideas while viewing said video.
~Bruno~
Bitcoin is an open protocol of internet money.
With just a computer and a free program you can generate as many pseudonymous "swiss bank accounts" as you want.
Highly divisible AND inflation proof. Public and decentralized.
Secure by military-level SHA encryption. No back doors.
It's the future of money. Instead of paper, you guard a precious string of text that nobody but YOU has access. You can print it, store in a digital file or memorize seeds.
Not 15 seconds, though.
With just a computer and a free program you can generate as many pseudonymous "swiss bank accounts" as you want.
Highly divisible AND inflation proof. Public and decentralized.
Secure by military-level SHA encryption. No back doors.
It's the future of money. Instead of paper, you guard a precious string of text that nobody but YOU has access. You can print it, store in a digital file or memorize seeds.
Not 15 seconds, though.
Bruno:
This is a very good thing to do... get us to start thinking. I am having lunch with my father in a few days to explain bitcoins to him. He is very much the skeptic/non-technologist so thinking this through is very helpful.
Also I think that Serith made a very good point about people not understanding 'cryptography' or the other underlying technologies. I honestly believe that a majority of the US population believes what they see on CSI and that the cops can just pop in a CD and decrypt anything. Given this assumption alone it may be wise to steer clear of that conversion to begin with.
Also having different presentations/maps ready for different audiences would be great.
Thanks for making me 'put this on paper' so-to-speak.
This is a very good thing to do... get us to start thinking. I am having lunch with my father in a few days to explain bitcoins to him. He is very much the skeptic/non-technologist so thinking this through is very helpful.
Also I think that Serith made a very good point about people not understanding 'cryptography' or the other underlying technologies. I honestly believe that a majority of the US population believes what they see on CSI and that the cops can just pop in a CD and decrypt anything. Given this assumption alone it may be wise to steer clear of that conversion to begin with.
Also having different presentations/maps ready for different audiences would be great.
Thanks for making me 'put this on paper' so-to-speak.
Just received this email from my wife:
"I have been trying to explain bit-coins to Caryn and I realized I have no real understanding of what they are."
Hah! My wife told me nearly the same thing when she tried to explain it to her mom."I have been trying to explain bit-coins to Caryn and I realized I have no real understanding of what they are."
Hmmm I thought I nailed it in my post, do you not think so? Bitcoin - the first completely transparent self-governing digital currency?
Bitcoin is the worlds first real electronic money. Not a number in a private bank, saying how much the owe you.
Just received this email from my wife:
"I have been trying to explain bit-coins to Caryn and I realized I have no real understanding of what they are."
Hah! My wife told me nearly the same thing when she tried to explain it to her mom. "I have been trying to explain bit-coins to Caryn and I realized I have no real understanding of what they are."
Bitcoin. It makes me fiat. Please use it.
Bitcoin is an Internet currency that is spread around the world and is under no central authority so it cannot be sued out of existence ala Napster or seized by the armed men of the state like Megaupload, yet is still incorruptible because it uses only proven technology to secure itself.
It's source code is open and has been inspected by hundreds of computer professionals and found almost perfect. The small bugs discovered are long fixed.
Bitcoin is not doing to replace the American Dollar, but it is proof of concept that the future of money is bitcoin-like and on the net. Fiat currency under a central bank is over.
The Fed is dead. Not today and tomorrow, but it's doomed.
It's source code is open and has been inspected by hundreds of computer professionals and found almost perfect. The small bugs discovered are long fixed.
Bitcoin is not doing to replace the American Dollar, but it is proof of concept that the future of money is bitcoin-like and on the net. Fiat currency under a central bank is over.
The Fed is dead. Not today and tomorrow, but it's doomed.
Just received this email from my wife:
"I have been trying to explain bit-coins to Caryn and I realized I have no real understanding of what they are."
"I have been trying to explain bit-coins to Caryn and I realized I have no real understanding of what they are."
I would quote infamous Bruce Wagner:
Quote
suitcases full of cash!!!
Nice thread! I missed it when it first came out. Something diffidently for this to be build upon either there or here. It doesn't matter.
~Bruno~
BITCOIN FTW!!!
'nuff said.
Leaving 10 seconds for some sweet lovin...
'nuff said.
Leaving 10 seconds for some sweet lovin...
If you're in Beijing and I'm in New York, I can give you money, straight from me to you, no middle man.
It's instant and toll free.
("Instant" and "free" of course are two words that are never strictly true.)
It's instant and toll free.
("Instant" and "free" of course are two words that are never strictly true.)
1. Transfers in an hour, anywhere
I wouldn't point to this. In a second - very good. In a minute - not so good but still acceptable. In an hour - too long for our fast-paced world.
"Bitcoin is digital cash. It can be used worldwide across borders and will replace conventional money over the next years. It gives you the power to become economically free from centralized authority."
"Digital cash" is the catch-all phrase that works best for me.
"Digital cash" is the catch-all phrase that works best for me.
Bitcoin is diametrically opposed to all existing electronic currencies. It is "unseizable digital gold". There is a fixed supply of coins. Transfers are irreversible. It runs over a peer-to-peer network, not under the control of any company.
One may claim that I'm rehashing the ole what-is-Bitcoin elevator pitch, but I beg to differ.
The following quote is of the last paragraph found here: http://www.forbes.com/sites/carminegallo/2012/07/17/how-to-pitch-anything-in-15-seconds/
The linked article is a relatively quick read, and would need to be read in its entirety to fully appreciate its approach and participate in this thread. Its author, Carmine Gallo, a Forbes contributor, espouses how to pitch anything in 15 seconds using a Message Map. An accompanying video is also available, basically outlining everything mention in the penned article.
The goal of this thread is to create such a 15 second pitch for Bitcoin via message mapping, crowdsourcing this endeavor with members herein.
~Bruno~
Is it wrong that I find it hilarious that it takes the guy 4 minutes and 35 seconds to explain why a 15 second pitch is valuable? The following quote is of the last paragraph found here: http://www.forbes.com/sites/carminegallo/2012/07/17/how-to-pitch-anything-in-15-seconds/
Quote
I cannot emphasize enough how well this works. And I’ve seen it work for extremely complicated products and concepts. In fact the more complex your idea, the more important it is to create a Message Map. You need to pitch your story simply, clearly, and concisely. The message map is your winning ticket.
The linked article is a relatively quick read, and would need to be read in its entirety to fully appreciate its approach and participate in this thread. Its author, Carmine Gallo, a Forbes contributor, espouses how to pitch anything in 15 seconds using a Message Map. An accompanying video is also available, basically outlining everything mention in the penned article.
The goal of this thread is to create such a 15 second pitch for Bitcoin via message mapping, crowdsourcing this endeavor with members herein.
~Bruno~
Is it further wrong to believe the guy has no concept of time and may be in the process for the past few months publishing a magazine?
I'm enjoying the discussion to date. Fine work, all.
~Bruno~
Haha, that too, maybe he thought it was only 15 seconds.
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