Post
Topic
Board Beginners & Help
Re: What is a good way to concisely explain Bitcoin?
by
christysmile
on 29/07/2018, 21:37:49 UTC
Yeah when people are coming from a non-technical side they will most likely get confused if anything to do with [Suspicious link removed]es up. So it's probably best not to mention that unless they ask how it is secured, you can say "There's a unique algorithm type coding that's called blockchain. It requires multiple validations and is hard to crack" or something like that.

But I would focus on the more social aspects of bitcoin. Like the fact that you have complete control over it, and the banks cannot influence it. It's value is determined by the people who invest in it only.

Maybe about the virtual nature of it too, but this could certainly be confusing for some.