ikydesu (OP)
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August 14, 2015, 07:55:13 PM |
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Actually this is like compared Bitcoin with Fiat currency, but it's worth to do Source: you can see on the pic
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Mickeyb
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August 14, 2015, 08:25:04 PM |
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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!
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ikydesu (OP)
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August 15, 2015, 05:36:19 AM |
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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.
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illyiller
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August 15, 2015, 06:10:39 AM |
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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.
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LFC_Bitcoin
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August 15, 2015, 08:31:38 AM |
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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.
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illyiller
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August 15, 2015, 09:24:54 AM |
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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.
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LiteCoinGuy
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August 15, 2015, 09:49:17 AM |
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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.
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maku
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August 15, 2015, 09:53:59 AM |
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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?
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omahapoker
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August 15, 2015, 10:59:35 AM |
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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.
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tommorisonwebdesign
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August 16, 2015, 06:17:03 AM |
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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.
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Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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kevindurant
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August 16, 2015, 08:44:06 AM |
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That's a very nice, easy-to-understand infographic. Thanks for the share. I'll use it when I meet non-tech new people.
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Blawpaw
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August 17, 2015, 03:14:15 PM |
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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...
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Stargazer
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August 17, 2015, 05:51:46 PM |
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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.
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.
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RealBitcoin
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August 17, 2015, 08:46:50 PM |
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Actually this is like compared Bitcoin with Fiat currency, but it's worth to do Source: you can see on the pic 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!
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JanaBB
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August 17, 2015, 08:56:18 PM |
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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.
I like this way:)
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yummyransom
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September 09, 2015, 10:20:39 AM |
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That's a very nice infographic. I know they could actually understand the real meaning of bitcoin.
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a7mos
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September 09, 2015, 10:23:14 AM |
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very simple infographic that can work with anyone not just old people but unfortunately my grandparents died before the existance of bitcoin
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tonycamp
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September 09, 2015, 10:28:17 AM |
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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
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tiggytomb
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September 09, 2015, 11:40:27 AM |
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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.
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Denker
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September 09, 2015, 12:10:39 PM |
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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.
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