Topic: When explaining Bitcoin to someone, what are some key points to speak about? (Read 2357 times)
November 02, 2014, 02:41:10 PM
Bitcoin in decentralized and you have the control on your own money, in add its an opportunity to get rich or get a lot of money if you are a good trader.
October 27, 2014, 04:24:03 AM
Awesome explanation of how Bitcoin sidechains work and why they are important for Bitcoin's future.
A simple explanation of Bitcoin “Sidechains”
http://gendal.wordpress.com/2014/10/26/a-simple-explanation-of-bitcoin-sidechains/
A simple explanation of Bitcoin “Sidechains”
http://gendal.wordpress.com/2014/10/26/a-simple-explanation-of-bitcoin-sidechains/
Can you also list the problems encountered when using sidechains?
October 27, 2014, 04:12:21 AM
It is not only a speculation which will earn you 1000 times of income, but also a mature and unlimited electronic currency which saves you amount of transaction fees. Besides, it is a designed and perfect technology product which refers to many subjects of what you learned.
October 26, 2014, 11:52:23 PM
Yeah. The government can't take your money if it's in bitcoin. Well, not easily anyway.
Imagine if you were Ms. Hinders, with a Mexican specialties cash-only restaurant, that incidentally started accepting Bitcoins. For the next 40 years, you deposit the cash earnings and have it converted to bitcoins the next day, while keeping the bitcoin-only payments, both sent to different paper wallets.
Imagine if you were Ms. Hinders, with a Mexican specialties cash-only restaurant, that incidentally started accepting Bitcoins. For the next 40 years, you deposit the cash earnings and have it converted to bitcoins the next day, while keeping the bitcoin-only payments, both sent to different paper wallets.
October 26, 2014, 07:00:47 PM
The Cyprus "Bail in" is worth mentioning. Most people think they still own the money they deposit into a bank. In fact they have loaned the money to the bank.
http://www.telegraph.co.uk/finance/financialcrisis/10024209/Bank-of-Cyprus-executes-depositor-bail-in.html
You could show them this too.http://www.telegraph.co.uk/finance/financialcrisis/10024209/Bank-of-Cyprus-executes-depositor-bail-in.html
http://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html?rref=us&module=Ribbon&version=origin®ion=Header&action=click&contentCollection=U.S.&pgtype=article&_r=1
Quote
ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000.
The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.
“How can this happen?” Ms. Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?”
The federal government does.
The Internal Revenue Service agents did not accuse Ms. Hinders of money laundering or cheating on her taxes — in fact, she has not been charged with any crime. Instead, the money was seized solely because she had deposited less than $10,000 at a time, which they viewed as an attempt to avoid triggering a required government report.
“How can this happen?” Ms. Hinders said in a recent interview. “Who takes your money before they prove that you’ve done anything wrong with it?”
The federal government does.
October 26, 2014, 09:21:56 AM
1. Fast transactions, but only with fees
2. Secure, but only if you've taken the proper steps
3. Ability to have as many wallet addresses as desired
2. Secure, but only if you've taken the proper steps
3. Ability to have as many wallet addresses as desired
Very good points.
I would add also a few more.
4. Very good investment for your money.
5. Possibility to avoid ''big banks'' and help to decentralize world banking.
October 26, 2014, 09:17:37 AM
I personally tell them about the decentralized nature and the lack of a middle man in transactions. What would BCT recommend to grab attention?
i will say that he can earn money through the Bitcoin , when he take part in ,he may find the fun about Bitcoin naturally
October 26, 2014, 05:48:20 AM
the personal that its likely u will get rich when bitcoin suceeds. Given by the fact that there wont be enough bitcoins to give every citizen of a capitol like New York or Shanghai more than one single bitcoin.
the global aspect. Which is that this is the first time we have the poss to self control our money and not beeing slaves of the world banking system
the global aspect. Which is that this is the first time we have the poss to self control our money and not beeing slaves of the world banking system
October 26, 2014, 05:32:36 AM
Wait until the crash, then start explaining it to them, that's what I've decided, I've noticed the more the stock market starts to tumble the more people seem interested, they'll only move over to Bitcoin if they genuinely think that there's a chance the economy will go again.
October 26, 2014, 05:24:44 AM
The Cyprus "Bail in" is worth mentioning. Most people think they still own the money they deposit into a bank. In fact they have loaned the money to the bank.
http://www.telegraph.co.uk/finance/financialcrisis/10024209/Bank-of-Cyprus-executes-depositor-bail-in.html
http://www.telegraph.co.uk/finance/financialcrisis/10024209/Bank-of-Cyprus-executes-depositor-bail-in.html
October 25, 2014, 03:29:01 PM
Bitcoin isn't just money like a dollar or a euro, it is a programmable money. It can be endowed with qualities, directions, limits, and purpose.
A dollar bill is an dumb analog token. A bit is digital, adaptable, and programmable token. Which do you think is better?
A dollar bill is an dumb analog token. A bit is digital, adaptable, and programmable token. Which do you think is better?
October 25, 2014, 01:11:53 PM
Divisibility, irreversibility, peer to peer , and low transaction fees
October 25, 2014, 06:48:58 AM
I used to say rise in price and deflation... but recently I switched to money freedom 
October 25, 2014, 02:35:17 AM
1. Fast transactions, but only with fees
2. Secure, but only if you've taken the proper steps
3. Ability to have as many wallet addresses as desired
2. Secure, but only if you've taken the proper steps
3. Ability to have as many wallet addresses as desired
October 24, 2014, 05:02:52 AM
I personally tell them about the decentralized nature and the lack of a middle man in transactions. What would BCT recommend to grab attention?
if the price of Bitcoin rises up ,i think more and more people will pay attention to it .
Yes, I was trying to explain it to my father one day and he didn't seem too interested in it and then I told him the price of 1 bitcoin (It was around $600 at the time) and I immediately got his attention.
October 24, 2014, 04:39:39 AM
The total amount doesn’t change.
It’s convenient to pay between countries.
It’s convenient to pay between countries.
October 24, 2014, 03:08:43 AM
Bitcoin has value because:
1) it's scarce
2) it's useful
If they talk about Beanie Babies, you can explain that Beanie Babies were scarce, but they were not useful.
1) it's scarce
2) it's useful
If they talk about Beanie Babies, you can explain that Beanie Babies were scarce, but they were not useful.
October 24, 2014, 02:48:40 AM
Explain to them that bitcointalk is full of scammers and they should avoid it at all costs.
October 24, 2014, 02:44:56 AM
Cut out the decentralised and government control part, they aren't interested. Believe me, I have tried.
Tell them what bitcoin can do for them!
- Transfer money to your friends and family in an instant
- Get paid for work on the internet or payment for the things you sell
- All without the bank and paypal charges, at home, 24x7
- Buy things you like from retailers like Amazon via gift cards for bitcoin
- Save some of the coins and it's value might appreciate in a couple of years
This usual works. Get them interested first, don't bored them with ideologies and blockchain tech.
Tell them what bitcoin can do for them!
- Transfer money to your friends and family in an instant
- Get paid for work on the internet or payment for the things you sell
- All without the bank and paypal charges, at home, 24x7
- Buy things you like from retailers like Amazon via gift cards for bitcoin
- Save some of the coins and it's value might appreciate in a couple of years
This usual works. Get them interested first, don't bored them with ideologies and blockchain tech.
October 24, 2014, 02:32:19 AM
1. bitcoin concept is Decentralization its mean no government can control it
2. very easy to use bitcoin
3. security under your control
4. price in the future
5. low fee
6. you can travel over the world without worried about fiat
2. very easy to use bitcoin
3. security under your control
4. price in the future
5. low fee
6. you can travel over the world without worried about fiat
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