Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.
What do you think, how can I explain to my parents? some article would be great. Thank you all!
Bitcoin is not a illegal money. It is also one kind of digital currency. Some of the countries are legalized in cryptocurrency. But most of the countries are not aware in cryptocurrency. So these kind of problems are create in many families. You have some knowledge about cryptocurrency. In future all the countries are accepting cryptocurrency. I think you should explain about legalization of Bitcoin.
Yes Bitcoin is a form of token/share which generated by mining, using tremendous computing power which really costs to miner to finalize proof of work. Its bit complected process which need more information and knowledge to get into.
Many people still don't understand power and potential of blockchain and bitcoin.
After agriculture, mining bitcoins/altcoins to secure ledger with computing power is real invention in last 1000 years. It offers open source earning opportunity for everyone who willing to know about it.