"People are just too stupid to use bitcoin right now,” I overheard someone argue at a bar a few weeks ago as we were discussing the potential of cryptocurrency. “Society’s understanding of where money comes from is the real challenge.
This is the whole article I read at cointelegraphI honestly believe if we completely eliminate fiat and use crypto,
with the people (and not some bank) owning 90% or more of the value,
then society will see a LOT of problems done away with. Any problems that stem from fiat.
Therefore it is our DUTY to get bitcoin adopted by the masses!
However, we all know its hard as hell to explain to some people.
I have taken many different approaches in explaining bitcoin,
and most end up with the person looking at me like I'M somehow the stupid one...
The community doesn't often help either, talking about tech specs, mining, blockchains and cryptography...
But one day it donged on me.... I figured it out,
and this conversation has gotten me a LOT of AHA's and interested replies!
It goes something like this:
"Do you know what paypal or western union is? Well bitcoin is just a brand name for a similar payment network. Except unlike those others, bitcoin is not owned by a corporation - it is owned by the people. Also, if you send 1 million dollars through paypal or western union you get charged 10% or $100,000, and likely the funds are frozen forever, if you send it through bitcoin you only get charged 7¢ and the person you send the funds to gets them the same day."
Give or take a few words if you are in an elevator, and you have someone who now GETS it.
Trust me, I am from Alabama and I had some southern slang country folk
working at Porky's Pride who now want to get a bitcoin wallet setup with me!
Ok folks, please try this the next time you talk to someone who is new to bitcoin.
Let me know how it goes! Cheers all!
P.S. If you also have a good way to explain bitcoin to a dummy please post it in this thread!