Bitcoin Forum

Actually this is like compared Bitcoin with Fiat currency, but it's worth to do ;D

http://blog.wallstreetsurvivor.com/wp-content/uploads/how-to-explain-bitcoin-to-your-grandparents_530de481e997d1.png


Source: you can see on the pic :D

Haha this is great but I really doubt my grandparents would get something out of it! I mean, they can barely sent out an email so it would be hard to expect from them that they will ever understand how Bitcoin works!

Nice try though! :)

Actually i mean this is the easy InfoGraphic which can explain to people who want to learn Bitcoin, because i see there are thread "How to explain Bitcoin to your family", so i think this InfoGraphic is good explain, although this InfoGraphic more explain about Bitcoin compared to fiat currency.

To be honest, I'm not a huge fan of explaining it as a currency. I think of it more as something akin to digital gold. A decentralized store of value -- but one that can be divided easily and transferred electronically. It's backed by the network -- not the economy, per se.

This is great, really good effort BUT I'd give up on explaining bitcoin to the elderly. What we need & is far more important to accomplish is to explain bitcoin to children / the younger generation. Our future financial world will be shaped by them, what we really need is bitcoin to be taught about in schools.

Actually, I think kids are discovering it, and are much more apt to understand it as young people in an increasingly technological society, than the generation or half-generation that came before them. The big hurdle are the middle-agers, who are still the gears in the machine.

without bigger blocks transaction costs will rise to 0,20 $, 0,40 $  and 1 $

hopefully we will make the correct choice and support bigger blocks.

I am not techie. But I was under the impression it is precisely the opposite. Bigger blocks = more data to process = bigger files = increase of transaction fees.
I was wrong?

Yes. There are half of the developers that don't want to raise the max block limit. The result would be that not all transactions can be confirmed and only the ones that pay higher fees get included in the blockchain and get confirmations. The result would be that the fees are rising.

Which would be deadly to bitcoin.

My grandparents would never understand the concept of bitcoin. They would never adapt it themselves. They are really traditional. Bitcoin is to be taught as mentioned to school aged children. I have a feeling Bitcoin is going to take over by 2020.

That's a very nice, easy-to-understand infographic. Thanks for the share. I'll use it when I meet non-tech new people.

Explaining Bitcoin and digital currencies to my Grandparents can be a really difficult mission.

I have tried and today they already some kind of idea of what it is... but they sure didn't undestand it...

Same here. It's almost impossible to teach them anything based on computers and programming. To them every single electronic appliance works with a switch that triggers an actron. Using a menu to choose the things you want to turn on and off is impossible to comprehend.
You just have to understand that some people will never use computers and smartphones and they are using banks because they need clerks to process everything for them.

Its not correct, the fiat money is not backed by "products, services and the economy of the issuing country", its backed by nothing.

The products and services would exist with any other currency, so the current currency can easily go and the products would be there (except for the chaos that would cause).

But if you`d switch DOLLAR into DOLLAR2 which would be the exact same characteristic currency with the same supply, it can be swapped and nobody would notice.

You cant swap BTC with LTC because people would notice and would not be happy!

I like this way:)

That's a very nice infographic.  I know they could actually understand the real meaning of bitcoin.

very simple infographic that can work with anyone not just old people

but unfortunately my grandparents died before the existance of bitcoin  :'(

yes also explain its decentrilized i mean thers no central gov or bank to put into the more than 50% of all pwoer to them soo it works into a work of us like 10 countrys are in top of all % of power its similar to the world

Yeah I think that this would be useful for anyone not just grandparents, it gives a general idea of what it is, there's nothing worse trying to explain to somebody and just seeing a blank expression on their face.

I explained Bitcoin to several people of different ages if they asked me what Bitcoin is. Fact is for non tech savvy people it is really hard to grasp what it in total, even if you use simple analogies.
I also told my grandpa about it. He now understands that money outside of the physical world can exist and that it must not be controlled by authorities. But he is 79 now and is not able to transfer bitcoins.Way too complicated for him. He still uses a feature phone because he is having problems with swiping over a smartphone surface.

Bitcoin is a digital currency that you can send to friends and family using your computer or a smartphone. It's not controlled by a central authority and is much like a digital gold. Unlike fiat currencies, bitcoin cannon be artificially inflated and is much more likely to hold its value over the long term. i put this sentence from someone  :D

I would just say "Grandpa, Bitcoin is money."

I wish it was this easy to show anyone bitcoin or other digital currency.  But there are some that will just not adapt it, just is to far away from their "normal".

I know my grandparents will not be switching from fiat.   I could do nothing to change this they just like fiat money.   I had one who would not even get a credit card till a few years ago.   Just believed in carrying cash and paying cash.  It's a different generation with some people.

I think its pointless, the 2000+ generation is just lightyears ahead of the old generation.


The old folks cant even open up a PC, they dont even own one. I know some old guys who dont even have TV (not that I use TV that much, but atleast I got PC and internet).


They are hopeless generation, too dull and too old to learn. People after a certain age will not learn more. These guys will die, and then the new generation will fill their place who will move humanity forward.

As long as our grandparents still know how to use money and internet, they probably can understand about bitcoin


" how do I spend it ? " , your grandpa asked
I will said," let me spend it for you, just sit relax , grandpa ..

lol  :D

well Granpa, point your camera at that square and press send.  :)

"Wat? When I was a boy nickles had bumble bees on them. Give me two bees for a dime, we would say." "Back then we wore an onion on our belt, which was the style. Of course we could only get white onions, because of the war...."


Ok Grandpa.  :-\

I would say "Grandfather Satoshi, have you already forgotten you invented it?" ;D

-ME: Grandpa did you knew that the savings you put away in your 20's in that lockbox have lost 99% of it's value since?
-GP: What the fuck?
-ME: Yes it's called fucking inflation, and it's robbing the entire planet all at once
-GP: Ah man I better get some better way to store my remaining money
-ME: Try Bitcoin, it's unlimited-inflation proof.

And I don't want to discriminate by age.  I can remember when I cut paper to allow only certain buttons to be pressed on the tv remote.  I thought never would use a computer....

Luckily I am wrong and now grandparents on one side at least that can use computers.   But on money it would be the same thing for a lot of grandparent aged wil not trust/use it.  Part of it is if your at "grandparent" age you normally past your risky investment stage.  At that point you normally take safe investments to make sure your nest egg lasts you for rest of life.