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Author Topic: A good analogy for Bitcoin?  (Read 1213 times)
avatar_kiyoshi
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October 27, 2016, 12:27:57 PM
 #21

Often when I talk to people about Bitcoin they ask questions that seem to indicate that they think Bitcoin is centralised, the way that most things are.
Is there a good analogy that one can use in order to illustrate the decentralised distributed nature of Bitcoin?

You need a practice to explain it, how the transaction works, where the transaction come from and the destination of transaction go.
Also give them a demo how bitcoin wallet works, how to use and what the features inside.

This info graphic may be will help you out to explain:
http://blog.wallstreetsurvivor.com/wp-content/uploads/how-to-explain-bitcoin-to-your-grandparents_530de481e997d1.png
sonnyacg
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November 01, 2016, 04:36:14 AM
 #22

Bitcoin as a treasure sought by everyone. just like many historic relics left many treasures. then 'looks a lot like the kingdom of solomon. because of the high price of the bitcoin. allows people to dig for gold on the internet. Cheesy

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November 01, 2016, 05:22:43 AM
 #23

Often when I talk to people about Bitcoin they ask questions that seem to indicate that they think Bitcoin is centralised, the way that most things are.
Is there a good analogy that one can use in order to illustrate the decentralised distributed nature of Bitcoin?
I think bitcoin network can be considered like road and bitcoin is like cars every body can use it, look other users and everything is under control automatic  and without police be needed.
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November 01, 2016, 07:18:24 AM
 #24

Like a spider nets and you got it a lot of the point and no one is having the central keys, and already break in average person.

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