How you explain what is cryptocurrencies to your parents?
I know many of you tried and explained to your parents about Bitcoin,steem and other cryptocurrencies.
Here i will show you how i did it and i hope you will write in comments your experience.
First of all i explained that Blockchain is Big database where all transactions stored and there cant be replacement and all sending of money is final, like - if you send 1 btc , then u sent it! nobody can cancel it or return . ( thats why i dont like EOS arbitrage thing that they can cancel transaction) .
Second point - Bitcoin is not a company , but a computer program that stored in every user of bitcoin , so Police or gangsters cant shutdown bitcoin and its MOST IMPORTANT step for decentralization.
3rd that Bitcoin is limited edition and because of that the more people know about this asset and use it, the more price of it will be in future, its like Collection thing, in the world only 21 million of bitcoins and there cant be more than that, thats why its very important to grab that opportunity.
Also i explained how it worked,stored, how to buy and so on, but the most important thing is limited edition,decentralization and Database where nobody can reverse transaction. Its hard to gain support from family without explanation.
So how did you explain bitcoin/crypto to your parents,friends?
Cryptocurrency is the future indeed. Facebook is even planning on joining the crypto space. I do believe it will achieve mass adoption over time. People are still unfamiliar with how blockchain works or what a Bitcoin is. They may have heard it on the news but they aren't sure how to utilize it. Great post.
@fredm74 welcome to steemit friend, hope you enjoy it here
I try to explain it in a concept of what they already understand. So i go for a bank transfer, apart from i explain what makes it different and better i.e. Faster, safer, cheaper. Once they get that concept I explain what a wallet is and then blockchain technology.
I think to get people interested is to mention something they already have a grasp of and then interest them with why it's better.
I love Bitcoin as a currency, I love it as a way to make money, but as much as I love them, I don't want to sleep with them in my mind
If they are computer literate, you may have a chance. Even that, it could be an uphill battle for you.
i am the father !!
@karimhaiek then try to explain it to your parents lol
These are good concepts. I also like to explain how it is open every hour, every day. You can transfer money internationally for only a few pennies, and it arrives in minutes.
Simple, i will just say that this is the future currency hopefully lol
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Una manera muy sencilla pero instructiva de explicar el fincionamiento y expectativas de las criptomonedas.
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