Post
Topic
Board Bitcoin Discussion
Re: The difficulty of explaining Bitcoin to people is massive
by
TheNineClub
on 03/02/2022, 05:29:34 UTC
Hey guys!

I have noticed that whenever people in real life find out that I use bitcoin, they ask me to explain it to them. For example, some family friends that are my age came over to my house around 2 weeks ago, when they arrived, I was looking at crypto graphs because I had a little bit of money saved up to invest. Bitcoin was on one of the charts, so when they walked into my room, they asked about it, "You do bitcoin? How does it even work?." So I started explaining it to them, but what they didnt get was that it is decentralized. When I was explaining it they asked "Why doesnt bitcoin's creator give himself a billion bitcoin?" I told them that it is impossible for the creator to do so since he doesnt have control over the network, but after I said that, they told me that I was wrong and that since He made it, he can control it, which is incorrect. Do you guys have any suggestions on how to explain coins to non-crypto people?

Firstly, I would ask them counter questions like that about FIAT that they have been using for quite some time now. Things like why does a country print money and what it does with inflation, how does the banking storage of money work, what are economic safety checks in place that assure your currency will not devaluate, so on and so forth. I bet you they wouldn't know the answers to that. It's 2022, you don't have to be a televangelist for crypto a preach everywhere you go. There are numerous articles, books, and YT videos published on those topics, and if they are really interested in the details, they can go look it up and educate themselves. You know, like people used to.