What is the easiest way to explain bitcoin to a regular person? - page 3.

sheenshane

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Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

Has anyone here had troubles explaining bitcoin or crypto to a normal person?

Most especially those non-techy people will hardly understand Bitcoin or the entire cryptocurrency.
Sometimes old folk didn't understand the latest technology and IMO, those people who are in the new generation are easily for them to understand Bitcoin and crypto which not that hard to explain.

Quote

If bitcoin is supposed to be the future of finance, then the whole world will need to know at one point or another. Basically bitcoin and crypto education is borderline mandatory in our honest opinion.

This depends on the government of each country because the government really hard to adopt a decentralized and make it a centralized currency.
It could be for the country that Bitcoin already declared legal and tender to their place, it's easy to spread the education of crypto, especially Bitcoin.

If people have an interest in Bitcoin they will need to do their own research even if no one teaching them.

Bananington

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Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

Has anyone here had troubles explaining bitcoin or crypto to a normal person?

Yes, it always feels like you are explaining rocket science at first but then I always reassure them and let them know that no one started with a default knowledge of bitcoins, that is everyone started a Novice. With the feeling of reassurance they become encouraged to want to learn more about Cryptocurrency. Learning something new can be challenging on you if you try to do it alone, so I will ask if they want a physical tutorship or can do well learning online from resources, if the choose tutorship, I can offer to guide them, but if they prefer online and learning on their own, resources can be recommended for them.

panganib999

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Not really hard if you'd think about it. In all senses of the word bitcoin is basically just money with extra perks. So whenever an elderly person who's heard of it on the news or saw it on social media asks me about it, or maybe just someone who's not that familiar with bitcoin, I only ever tell them that it's like money, because well you can use it to buy stuff, you can save it, or you can exchange it for other currencies, just so happens that people love to play with it that's why the price is volatile and can go up and down ("playing with it" is a little too simplified and a bit of a stretch but it's an explanation you'd have to tell otherwise your credibility is at stake at this point). At this point, if they've listened intently, they would pretty much grasp the basic concept of bitcoin already and would stop bothering you with questions, unless they wanted to invest in it.

Yatsan

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Compare or use other digital currencies he/she knows then emphasize the difference. Mention always market price volatility, decentralization and anonymity to somehow get started. Then engage with the downsides of losing an amount. This is important for them to be able fo manage their expecttions than to be carried away of the profit potential then eventually panick whenever there is a price correction which happens a lot given that its market price is volatile in nature.I think explaining would be better if you won't focus on the good side because your purpose is to just explain and not to persuade them.

Raflesia

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Actually there have been several examples and there have been several discussions which are almost the same with conditions like this if I'm not mistaken because there are indeed several threads that I've seen in almost the same condition.
I see a lot of people trying to get other people to know about bitcoin with some teaching, whether it's among work colleagues, in the family, even at school, that's a good thing, but on the other hand, we also have to look at it from an enthusiastic perspective, whether what we tell really has interest and enthusiasm. high or not. On the other hand, for me personally, I don't really want to be bothered with it because until now in my environment, if there are new people who want to learn and discuss, then I'm ready to give suggestions, but if not, I don't want to be bothered by having to introduce it to other people.

Stalker22

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Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

Has anyone here had troubles explaining bitcoin or crypto to a normal person?

Yes, many times. But I define "normal" very loosely in this context. Wink

Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

If bitcoin is supposed to be the future of finance, then the whole world will need to know at one point or another. Basically bitcoin and crypto education is borderline mandatory in our honest opinion.

What do you all think?

To put it simply, as the use of Bitcoin and cryptocurrency becomes more widespread, it is likely that more people will need to understand these concepts. In a world that is increasingly digitized, digital currencies may become more common and even necessary in some situations. So, it is good to familiarize yourself with these terms. But not everyone needs to know all the technical details. Just like millions of people use card payments and ATMs without knowing how they work, many may use cryptocurrencies without understanding all the details.

AmoreJaz

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Quote from: Dunamisx on February 18, 2023, 04:21:55 PM

Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

Has anyone here had troubles explaining bitcoin or crypto to a normal person?

Despite we have individuals differences whereby some people were good at teaching while so e were not, but most importantly is in showing interest for teaching if you're capable of it, being capable in the sense that you already have acquired the required standard for teaching someone about something which begins with knowledge, be a knowledgeable person so that you can have something to give out to others about bitcoin.

Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

If bitcoin is supposed to be the future of finance

It is already and don't think about it, you can refer people to this forum since you're also lucky enough to have discovered here, let them also have interest first and read by making research both here and on the open internet about bitcoin and start learning, heavens help those who helped themselves.

i believe one way for them to explain bitcoin and the value of it is to teach him how to use electrum (or any other light btc noncustodial wallet), send him some satoshis, and teach him how to convert it to your fiat money. in that way, he will understand that btc has corresponding fiat value. there's no easy way to teach btc, but there's easy way how to show them its market value. because some people won't believe that they can easily get fiat out of crypto. also, make sure the person is willing to learn all about btc and crypto, because he will also find a way how to educate himself by readily available resources over the net.

Dunamisx

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Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

Has anyone here had troubles explaining bitcoin or crypto to a normal person?

Despite we have individuals differences whereby some people were good at teaching while so e were not, but most importantly is in showing interest for teaching if you're capable of it, being capable in the sense that you already have acquired the required standard for teaching someone about something which begins with knowledge, be a knowledgeable person so that you can have something to give out to others about bitcoin.

Quote from: GodsOfSolana on February 18, 2023, 03:11:16 PM

If bitcoin is supposed to be the future of finance

It is already and don't think about it, you can refer people to this forum since you're also lucky enough to have discovered here, let them also have interest first and read by making research both here and on the open internet about bitcoin and start learning, heavens help those who helped themselves.

Nwada001

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I have not actually explained Bitcoin to someone who knows nothing about crypto before, but if I have the opportunity to meet someone who wants to learn and has knowledge on it, I will simply have to break it down by saying that Bitcoin is the only money that you can't see with your eyes; it's something that actually exists but can't be seen; it's something that can give you fortune and sometimes take your entire fortune away; all depends on how you follow it; it's something that has come to stay and changed the way we transact; it's very vital and at the same time very risky.

GodsOfSolana

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