Post
Topic
Board Bitcoin Discussion
Re: I Taught my Octogenarian and Septuagenarian Parents about Bitcoin
by
Davidvictorson
on 08/05/2022, 15:32:30 UTC
I'm 80 in June. Why are you guys surprised that older people can embrace the concept of Bitcoin? Many of us have enquiring minds, and are prepared to look at new concepts with an open attitude. This is why many older people have a better understanding of the 'rona scam and vaccination mania, and don't just accept government and pharma' propaganda.

Wow. First off happy birthday in advance @Jet Cash. Personally, my parents are very traditional but have always been curious about technologies. As a matter of fact my father started using a smartphone in his late sixties. Although, he doesn't surf the internet for the news, he's an avid reader of the daily newspaper and would glad engage anyone in a polical and policy debate.

Quote
as for the 'creation' of new coin(mining) i simply explain. gold miners use diesel and labour to mine gold. and so that gold when found gets given an initial value of that cost of mining it because no one wants to work for nothing/a loss.
and the same is true with bitcoin. its not just printed or created by adding new numbers to a database. it requires alot of electric computation to solve a complex puzzle to create bitcoin and the rules enforced by all on the network ensure only a steady amount is created via rules that cannot be broken. .. infact the amount of coin create
While I totally agree with your analogy, my goal of explaining Bitcoin to my 80 and 75year old parents was to keep it simple stupid. I wanted them to have an idea about Bitcoin without throwing in any technical jargon that would get them confused and disinterested. I don't think they would be switching to Bitcoin anytime soon but like they say no knowledge is a waste.