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How the hell do you have time to explain Bitcoin to technically illiterate people? It takes about an hour just to get to the point that the person replies, "I have no idea what you're talking about". The simplest method I could come up with was saying, "It's like internet file sharing except instead of everyone having the same movie file, everyone has the same distributed accounting ledger".
Some people are just natural teachers/leaders. It takes practice, good public speaking skills, and the ability to assess and properly scale the level of detail in your description. It takes practice...
You can't just parrot the same description to every person. You need to be able to communicate with the person while you explain...
It's not hard to explain Bitcoin. Bitcoin is simple, it's a highly secured network of millions of people who use the network to transfer wealth without the oversight, costs, limits, controls, or permissions of a bank. Bitcoin is cheap, fast, secure, and it's decentralized.
When people don't understand Bitcoin you could compare it at the most basic level to the internet of money.
Sorry, but that's a bs post.
Doesn't matter if you're Richard Feynman, most people will not understand the subject matter and just have to take your word for it on whether it's a secure/legit system or not.
This is not the same thing as actually getting someone to understand it that has no idea about technology. It's basically an impossible task. Most people don't know how paper money works either, and don't care, so it's the same difference.
Ive explained bitcoin to many people who dont use computers or smartphones but they could understand the idea of encrypted and secure money called bitcoin that can be split into 100,000,000 things called satoshis, that is impossible to duplicate and can be sent anywhere in the world in a moment. you dont need to be "smart" to see "smart" people will use it and that it has value. many people have asked me, " so it sounds like digital gold?" and I smile saying to them "yes, actually thats exactly what the goal was and what many people think of it as." then you simply explain to them its a free program out of the control of any CEO or government that they can use without fees, and the average blue collar person is already on board.
maybe Im just good at talking about it, and maybe its that I speak with dozens of new people every week because thats just the sort of life I live.
Id say if you cant explain something to someone it has less to do with their ability to understand, and more to do with a individuals ability to articulate a thought.
every time Im out an about talking with people I always try and work bitcoin into the conversation. If money is going to trade hands I try pretty hard to bring btc up and Id say 90% of people in my day to day get told about it. Generally nobody has ever heard of it, or if they have they have a bad impression of it from the news. in the past week 5 people in a row had heard of it and seemed to be using it, or thinking about it. I asked yesterday at a family Chinese restaurant and the manager said he had been trying to get his family to accept it. The man I was talking with seemed in his late 30's-40's, saying 70's -80's age range parents didnt trust it. He then thanked me for asking them to take it an said they will look into it harder. I was at the insurance office and the agent had never heard of btc, but after 5 min of talking she was hooked and understood how much btc can help business. the encounters go on, but this week an last week have been better than the past 6 months as far as people I talk to knowing about btc.
I really feel like btc will be in local shops soon, talk to small store owners, and inform them about the fact they can use coinbase or bitpay to easily get dollars for bitcoin and gain NEW business.
I really feel like btc will be in local shops soon, talk to small store owners, and inform them about the fact they can use coinbase or bitpay to easily get dollars for bitcoin and gain NEW business.
don't just talk about the benefits of bitcoin, tell the chinese restaurant manager to go to bitpay, sign up and register his bank account as being the payment address. and watch the tutorials of th many ways he can then get bitcoin from his customers, via bitpay.
(i want to see a reply within the next couple weeks informing this thread that the chinese restaurant and insurance office have gone to the bitpay website and signed up because you showed them how)
same goes for the insurance office.
as for hearing random people talk about it in your area. if i tell a friend about bitcoin last week, then the following week he will of course tell you he had heard about it.
tell 10 people last week and an 11th person that one of those people know, would have been told by them. on average out of 10 people that do not care much about it. only one person passes the information on (compared to you, a passionate person telling 10 people (1000% multiplication))
so even if you think people dont care there is statistically proven a 10% chance your information will be passed on.
so if have talked about it to lets say 5 strangers each day from 6 months ago, then every 2 days (10 people) an 11th person would know about it purely by word of mouth. every 20 days 100 people know about it directly through you and 10 people indirectly
now the average person has a small circulation of friends and those friends do not want to hear about it over and over, so i suspect the amount of new people and conversations about bitcoin died down from 5 day to alot less, for a while.
but your friends who have friends are keeping the chain of bitcoin conversations going (analogy: chain letters)
so lets fast forward 5 months to bring you to this week. even with a 10% rate of passing it on. your community would have heard about it from someone they know.after all they say everyone is connected to every with only 6 intermediaries (6 degree's of separation/kevin bacon)
so kep up th discussions, but dont just talk about it, show them how to set up a wallet. even if they dont use it. they will know how to get to it, should anyone want to throw them a bitcoin donation in the future
I actually did say all those things haha, he seemed to already know half of what I said anyways though and that he was already on board to accept it, and I feel that me as a customer asking to give him more business via bitcoin seemed to 'tip the scales" I do expect to see them accepting it here soon because Im going to be asking my friends to go in and say they want to eat here with bitcoin then leave.
every time Im out an about talking with people I always try and work bitcoin into the conversation. If money is going to trade hands I try pretty hard to bring btc up and Id say 90% of people in my day to day get told about it. Generally nobody has ever heard of it, or if they have they have a bad impression of it from the news. in the past week 5 people in a row had heard of it and seemed to be using it, or thinking about it. I asked yesterday at a family Chinese restaurant and the manager said he had been trying to get his family to accept it. The man I was talking with seemed in his late 30's-40's, saying 70's -80's age range parents didnt trust it. He then thanked me for asking them to take it an said they will look into it harder. I was at the insurance office and the agent had never heard of btc, but after 5 min of talking she was hooked and understood how much btc can help business. the encounters go on, but this week an last week have been better than the past 6 months as far as people I talk to knowing about btc.
I really feel like btc will be in local shops soon, talk to small store owners, and inform them about the fact they can use coinbase or bitpay to easily get dollars for bitcoin and gain NEW business.
I really feel like btc will be in local shops soon, talk to small store owners, and inform them about the fact they can use coinbase or bitpay to easily get dollars for bitcoin and gain NEW business.
If somebody wants a custom tobacco smoking device that can also be worked out. just post or PM a description of what you would want and how much BTC you offer, I can ask the glass blower if hes willing to make it.
the glass is not currently signed, but if you are the sort that likes the marker to sign the work ( as I generally do ) Im sure he would.
the glass is not currently signed, but if you are the sort that likes the marker to sign the work ( as I generally do ) Im sure he would.
Re: [2014-03-18] Bees Brothers Honey Business Takes Bitcoin
I bought from them in december and gave the caramels to people for xmas gifts. pretty tasty, good easy site to use with bitcoin even for a first time user! made me a believer for sure that bitcoin is here to stay
Is there any interest in glass art? glass mugs, marbles, and other items can be made if people have interest in those things as well!
Im thinking that BTC 0.12 - 0.15 is fair for something like this? let me know what yall think.
they sound more like pedos to me almost... haha
I hate it when people think Im a cop, I goto a show, hoping to find some molly, (dont know anyone with in it my real life) try to enjoy to show but really with I had something to set off the party, I feel and look odd because Im one of the few people not trippin nuts, I then try to find people I can tell are rollin an probably selling so I walk up an ask them for rolls or molly and they freak the fuck out and leave the rave, telling me they will "be right back stay here while i got some from a friend"
ughh gotta love how it goes...
I hate it when people think Im a cop, I goto a show, hoping to find some molly, (dont know anyone with in it my real life) try to enjoy to show but really with I had something to set off the party, I feel and look odd because Im one of the few people not trippin nuts, I then try to find people I can tell are rollin an probably selling so I walk up an ask them for rolls or molly and they freak the fuck out and leave the rave, telling me they will "be right back stay here while i got some from a friend"
ughh gotta love how it goes...
interested in the hex miner 15 Gigahashes USB Stick
whats the $/gh?
You're doomed on any pre-order when difficulty is rising 50% a month. Just a 1 month manufacturer delay can really kill your ROI plans! 
thank you for this NEW information! as you may have noticed from previous posts, I have never seen this...
/sigh
does anyone bother reading before posting?
I understand many companies scammed people, hashfast, bfl, and many others. My personal experience with preorders however has been good. When I first bought a asic, it was a PREORDER from KNC, I did tons of research of all companies around that time, and considered and turned down bfl, hashfast, and all others in favor of knc because they were the only onesaccording to the research I did at the time, that was likely to follow through, and they did.
What Im looking for now is companies that are doing pre-orders that are new to the bitcoin mining industry. IF you dont know of any, or you only know of scams, just dont reply because YOU HAVE ZERO INFORMATION ON THE TOPIC. thanks =)
Bitmain has hinted that a follow on to their popular Antminer S1 is coming in the next few months if I were you I'd hold out for that.
There seem to be a ton of Chinese 1Th/s clones coming out as well as some companies out of Europe that are making custom boards based on BitFury, Bitmine or Avalon chips but none of them are being sold at a price that is attractive even for immediate delivery and most of these aren't expected for another 30 days at least. ASICMiner was also soliciting interest in their next generation stuff a few weeks back but no word on when they will accept orders or pricing.
If you want to take a huge gamble you could put in an order for "second gen" Hashfast or CoinTerra equipment which is really just their first gen chips with the bugs worked out of the PCB. Hashfast is essentially a soft scam though and CoinTerra while they have been more honest in their dealings haven't exactly lived up to their predictions.
excellent post, thanks for your opinions and tips.
I agree hashfast, and cointerra are no goes, to me they struck out with the track record they have of lies. Im going to continue looking, but for now it does seem like things are in between stages. I may be able to jump to a good thing in April though =)
What are the brands where I get something besides a 3d Render that doesn't cost too terribly much and actually hashes decently? or should i just stick to scrypt rigs?
most people are saying the antminer from bitmaintech
I nearly bought some, but I decided it would not be worth it due to the fact that the company is shipping out so many of them. to me, they are trying to unload the last of what they have to prepare for the next generation gear. those do not have 5 months mining left in them (by my judgement alone) because I believe KnC will ship the neptune well before then, and others will also be flooding the market with 1T+ units well before those 5 months are up. you may see $ ROI but I think you would be lucky to see 50%-75% roi in bitcoin if you bought today, maybe you will see profit in bitcoin though, hard to say for sure.
the majority believe its worth it however, and its the best deal Ive found on the market so if your itching to buy one, you may as well =)
the majority believe its worth it however, and its the best deal Ive found on the market so if your itching to buy one, you may as well =)
Ive heard mixed things about scrypt asics, some people are saying the asics are not worth it to buy a asic because they are not much better than gpu setups, does anyone have any imput on this?
Avg profit from multipools has dropped from a 30 day high of .0013BTC/MH/day to .00063BTC/MH/day, and it's still dropping. Hash rates and difficulties are going up, coin value is not. They are more or less cost equivalent with GPUs in terms of $/KH, but energy usage is obviously much lower. Space is the issue, as these alpha grade products are not the refined devices BTC miners are used to getting. Best to wait for the market and GS prices to stabilize before doing ROI calcs. Anyone jumping in today is just riding on faith that they will make their investment back.
thanks for this detailed post.
for me, space is not a issue, I would be willing to give a 10x10 bedroom to the project, if a rig so large can be build with 10 btc.
cooling is not a problem, I have 2 large duct fans that each move 720 cubic feet of air per minute, and one smaller fan that moves 300 cubic feet per minute, that would be able to easily exchange the rooms air. I have 220 wired up to the outlets of this room so big appliances can be easily ran. I had hoped to get a neptune in there but I was not able to get funds lined up in time...
You're doomed on any pre-order when difficulty is rising 50% a month. Just a 1 month manufacturer delay can really kill your ROI plans!
thank you for this NEW information! as you may have noticed from previous posts, I have never seen this...
/sigh
does anyone bother reading before posting?
I understand many companies scammed people, hashfast, bfl, and many others. My personal experience with preorders however has been good. When I first bought a asic, it was a PREORDER from KNC, I did tons of research of all companies around that time, and considered and turned down bfl, hashfast, and all others in favor of knc because they were the only onesaccording to the research I did at the time, that was likely to follow through, and they did.
What Im looking for now is companies that are doing pre-orders that are new to the bitcoin mining industry. IF you dont know of any, or you only know of scams, just dont reply because YOU HAVE ZERO INFORMATION ON THE TOPIC. thanks =)
You should take a look @ chinese maufacturers starting to flood market with dozens of petahashes of hashrate with cheap miners...
this is exactly why Im trying to stay away from the antminer, it LOOKS like a good deal, but I know that huge hashing power is likely to hit soon. this is what is edging me into the preorder area, the hope of beating the chip size. maybe I should just wait a few months though for the dust to settle though. the Chinese will force research and development of better technology if anyone else wants to stay competetive, and that was something i was hoping to help fund in return for a good miner in the future anyways..
Ive heard mixed things about scrypt asics, some people are saying the asics are not worth it to buy a asic because they are not much better than gpu setups, does anyone have any imput on this?
You all need to store your own coins and not rely on a web-wallet.....
promoJo
promoJo
true, but web wallets are so cool! I just want to believe bitcoin is the future and use it carelessly like its normal and safe. too bad its not so mainstream and secure yet...
Right! And until there is a TASK FORCE or standards based approach like (PCI COMPLIANCE) I think we will always be at risk and get GOXXED. Multi billion dollar exchange and they don't have proper security in place. Security is not a bolt-on. ITS A REQUIREMENT /rant.
promoJo
I like the sound of "task force" in this context, a exchange or mining pool could easily create by setting aside a small amount of block fees or transaction fees to a wallet that would be paid out to those who discover ways to make the community more secure. I would mine at a pool , or trade at a exchange that implimented something like this.
Is this only for maintenance or some thing serious happen to this blockchain
oh ya, its bad bro! sell all your coins at market right now! haha no I assume its just a regular thing like they are under ddos or some someone spilled coffee on a server (blizzard jokes?)
I know many on this forum have been burnt by preorders, but I thinking thats about the only way to get a good $/gh ratio. I preordered from knc and was happy with what I got so I feel that there may be some others out there worth supporting.
It's only way to loose money. On 1 side you can have good $/GHs ratio at the time of order, on the other side at the time of shippment (probably late shippment) this ratio may (will) be obsolete.
FUDSTER! I made good money with my knc preorder thank you very much. I mean sure, many will cheat you such as bfl did, but I dont want to let a few bad apples ruin it when some companies have proven preorders are the only way to actually get big returns. I made several times my investment with a KNC preorder...
ITS BACK UP =)
No I have still this Error 522 Ray ID: 10998336ab2701cbConnection timed out
ya... it went back down quickly...
also, to be prevent more flaming of my wallet choices, I have QT and all that, I was just wanting to buy something haha =) web wallets are nice in that you can buy stuff without having to sync a wallet that doesnt get connected to the net much..