Post
Topic
Board Bitcoin Discussion
Re: The difficulty of explaining Bitcoin to people is massive
by
pushups44
on 04/02/2022, 23:53:06 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?

In this case you see the Dunning Kruger effect at play, whereby those with less knowledge overestimate their knowledge of a domain and thus attempted to refute you despite knowing nothing about the protocol. So I would not bother explaining bitcoin to such people, as they are highly unlikely to buy it anyway once explained to them.

At best you can plant seeds by giving broad statements about cryptocurrency, and from there it's up to them to do the research.