Bitcoin Forum

The world biggest writer J.K Rowling has been asking questions on Bitcoin and she is getting some fascinating Answers like

1. Bitcoin is something that exist but doesn't exist

2. Bitcoin is designed so that it eliminates the need for trust. It's backed by advanced math, you won't understand

3. It's just money. It works like globally accepted cash and a high performing stock because of it's finite supply

4. Bitcoin= Magic Internet Money, Where the magic happens is blockchakn it's where each Bitcoin transactions is recorded like at bank

5. Imagine money is like Alcohol. Everyday more and more is being printed so it constantly dilutes the alcohol. Bitcoin is like the purest form of alcohol that cannot ever be diluted. You can enjoy the same taste 5,10 or 100 year down the line

6. Joe Craig did a great job here! He said; when you pay with a card, the system pings the bank to check you can pay, it pings back to Ok the transaction, then your bank pings the seller's Bank to change the amounts in your respective acounts. The bank acts as a central place keeping score. They keep the 'ledger'.

Now there's a new way of keeping score every transaction is recorded on a vast network of computers across the world that all have to agree on the numbers for anything happen . It's a distributed ledger's. If they agree, they update instantly with no need to refer a bank.
They record every transaction in along chain of technology, adding the new one to the end of the chain in a new link, or ‘block'. A cryptocurrency is just  currency that uses this chains of blocks of blockchian to keep score. Instead of a central institution like a bank.

And. Bitcoin is just the most popular cryptocurrency.

7. Bitcoin is a Cryptocurrency derived from cryptographic encryption and digital currency. Bitcoin is a digital cash network that relies on a cryptography for security.

8. Digital money that cannot be tampered with. Doesn't require Banks to send it. Bitcoin has a finite supply, therefore is not subject to inflation like $/£

9. Bitcoin is like fire insurance you'd buy for your home but instead of your home on fire it's economic and government systems around the world.

10. Think of Bitcoin this way. We figured out how to do letters over the internet with email, Now we figured out how to do money over the internet with Bitcoin.

These answers came from her handle on Twitter @jk_rowling among all of them all Number 5 is something else, alcohol does alcohol dilute when added another alcohol? and also using alcohol to explain bitcoin to a newbie is amusing. Let me know the answers that got you. And also I will encourage beginners to check this thread before asking anymore questions. So our forum will not be filled with same question all over. Thank you all and have a good day.

Well, I just wish she didn't start it all as a joke and ironically respond to those who gave legit answers (although she did say she genuinely tried to understand it). What surprises me is the fact that she says that people close to her understand it (https://twitter.com/jk_rowling/status/1261421447328567297) - I'm quite sure she isn't wandering around some usual people like us, so that could mean something.

But you just can't explain Bitcoin without getting boring. You either explain it in detail or someone will understand nothing - that's what I found out after my years of experience. If you tell someone "it's digital money that can't be tampered with", they'd understand it's just a more secure PayPal copycat or something.

I'm not sure if we can call her a "bitcoin beginner". She only said "please explain it to me" and that was directed to someone else who was talking about novelists asking a CoinDesk's writer about Bitcoin. Later, she made even more tweets:


She's just messing up with everyone. Just take a look at her last tweets: https://twitter.com/jk_rowling/with_replies

I know she is trolling but they are enough knowledge shared on her replies and timeline just in few hours. No need to focus on her own aspect of it. It's about the opinions shared. Saying she is a beginner in Bitcoin because she is trying to learn other things she doesn't know about Bitcoin. And those things are basic but very useful. You can use them to refresh your memory on what you already know about Bitcoin. So I think that's same with what see doing right now. Did you see Justin Sun's reply where he said he can transfer 1btc to her that seeing is believing? That tweet got me though.