Bitcoin Forum

Hey all,

New to the forum, not as new to Bitcoin, happy to be allowed on the bunny hill. I came up with a good fast analogy for conceptualizing what Bitcoin is. Its what I tell everybody now. I find many people understand decentralized online crypto-currency, but they're often left wondering what it actually is and how you can store it locally at home.

I don't know, am I off the mark here, is this a helpful way to describe Bitcoin? . . .Loving Bitcoin and want to be a positive contributor to this movement.

Here's my blog with the post
bitcointhink.com

And here is the text so if you're interested you don't need to go anywhere to see it:

Bitcoin is essentially an online game. You can start unlimited new characters and the software is open source. The game is incredibly simple. There are a fixed amount of points (or coins) available. Each player only has 2 stats: a name (the wallet’s address), and BTC. When you store Bitcoin locally on your computer, you are creating a save of your online character. Your save file, like with any game, includes your stats and the state of the world around you at the time of saving. No one else is able to log into the game under your character if they haven’t got your password and your most recent save file.

Best,
Remi

Good analogy, I guess, but it's not that easy as buying a game or toy in the store. You have to do a lot more to enjoy the game with enough coins. That my opinion though.

Welcome to us both btw.

I don't agree at all.

I like this (http://expectedpayoff.com/blog/2013/03/22/bitcoin-and-the-byzantine-generals-problem/) analogy. It's somewhat longer though.

Thanks so much, this blew my mind. I'm going to start telling people Ledger instead. Much better than mine. The generals problem is pretty amazing as well, that makes it all fit together so clearly!

Welcome to us both btw.