Random guy asks you about this internet money BITCOIN

[Senor.Bla]

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

[Fatanut]

If that's from our country, here's the three (3) things that I would say:

1. The government can't put tax on you if your salary is on Bitcoin. (Tax is a major issue in our country)

2. You can't be scammed by some people out there when they're paying you with bitcoin because it's irreversible. (Unless you're stupid)

3. If you do have a wallet, a bank account, and some coins, just imagine that those 3 things exists online as well. You know how those three works, that's how it works online as well (basically).

[jacee]

Bitcoin is money. I think that is enough to explain what bitcoin is to anyone. If the guy wants to know more complex information about bitcoin then there you can tell him more stuff.

[Barbut]

Its money like any other currency, and for now you can do many things with bitcoin, and with time there is more and more places where you can spend or invest you coins. That completely depends from your wish and plans. I would tell also how he can send money to someone abroad without big fees, and that he can even try to trade with bitcoin and some other currencies.
Bitcoin is a new currency, and bitcoin made a good progress in past years, I will say that its still not late for buying bitcoin and trying to get some while its not so much expensive.
I like to gamble so I would tell him few words about that for sure, and how nice is to play games and earn some money while he have fun.

[ranochigo]

Bitcoin is:
1. Decentralised and the coins cannot be frozen by anyone or counterfeited.
2. Very fast and takes lesser fees compared to other payment methods. Bitcoin transactions can be confirmed in minutes while Paypal transactions for example are easily reversible for up to 180 days.
3. Pseudonymous. With sufficient precautions, it is extremely hard for anyone to trace the coins, ensuring privacy.

[NorrisK]

Give him your e-mail address (or a throw away mail addy) next time so you have some time when you get home to explain it to him better.

If he already wants to know about bitcoin as he starts asking random people about it, he should be willing to understand the concept anyway.

About the people that say it is tax free: Bullshit, like any other store of wealth you own, you have to pay tax one way or another. The fact that they can't enforce it at the moment doesn't mean you wont have to pay it.

[celebreze32]

Tell him it's internet money, and he could have bought a Bitcoin for one cent seven years ago, then sold it for more than $1100 less than five years later.

Tell him it went up in value more than 5.5 times in 27 days during November 2013.

Tell him if he had bought $10 worth of Bitcoins at the start of November 2013 he could have sold his stash for $55 at the end of November 2013.

[Wapinter]

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

Bitcoin is online peer to peer currency not controlled by any individual or organization,cryptographically secured and anonymous.

[RoommateAgreement]

first of all, i am not gonna answer some random dude on the street who randomely asks me about bitcoin besides youtube can do the job so much better and easier than i can do in either a couple of sentenses or an hour of talking.

but i like two definitions for bitcoin that i think describes bitcoin the best in short: peer to peer money, and a public ledger.

[rphk]

for any one to explain bitcoin it is not very difficult , if you mobile phone you can show him a video  or a blog on the mobile device it self , mainly you can tell dude it is internet money ,  need to a have wallet instead of bank account , it is an secured currency, easy to transact

[ebookscreator]

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

I think them that bitcoin is money you can use bitcoin to transfer all over the world without hassle without any real identity you can make your wallet fast.
Also you can tell them that you use bitcoin as payment online for some stores..

[jak3]

Bitcoin Is a Intrenet Currency.
1. It Has no involvmet of government or bank so transactions are fast and with less fees and also world wide.
2. it has high security and it is convertable to any other type of currencys or we can buy any product or servic with it.
3. 1Bitcoin is 650$ at currenct price but it is keep changing every hour or day

[outatime1]

It's kind if like digital or electronic money, but it may be easier to compare it to a combination of paypal, credit cards, western union, and a bank account. It has features of all of these, but is also unique. Basically it's a method of payment, and way to send money, and a way to store money.

[harizen]

...a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

Tell him to overcome that and it will good to go.

A person that really want to know more about bitcoin, will seek information by themselves.

[pereira4]

I have been asked about what Bitcoin is before by some in real life people and I always failed to properly explain them the point of Bitcoin. Unfortunately its very difficult to explain people concepts such as decentralization and consensus algorithms.

[Leonard2016]

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

i will only stick to a couple of key features that make bitcoin good in my opinion:
1) decentralization
2) anonymity
3) speed and security
and also depending on my mood i may get into specualtion about the price and how it can rise over the years making bitcoin an excellent investment for long term.

[Sidas_Crew669]

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

Maybe you could say that bitcoin is the revolution of online currencies that are much safer bitcoin, easy, and very profitable. After that you can give her some blog or site that discusses the bitcoin or you can provide a link to them in this forum.

[SmartIphone]

Some dude at the bus station wants to know what bitcoin is.
you don't have much time and he won't be able to take in to much information.
a simple look it up online won't do, because that's not interesting enough to read a lot of boring stuff online.

What are 2-3 short(!) key features of bitcoin, which i could tell him, so that he has a basic understanding what it is? And of course so he will be interested to learn more about it.

It's an online/digital currency something like e-banking but with different behaviors, buy, sell and trade like anything else, the transaction speed is slower than paypal or VISA but it is much faster than bank transfers and the transaction fees are less than WesternUnion,banks,paypal etc.

[groll]

First thing I will tell him that bitcoin is an online virtual currency with a corresponding fiat currency value.

Second is bitcoins transaction is done is secrecy since the user is annonymous.

Third is bitcoin has gained a significant increase. Those who saved their money in the form of bitcoins have gained more than who does fiat currency time deposit in banks

[romero121]

Will start to explain about the existence of such digital currencies, which most of the people were unaware. From that if I found him interested in knowing more will continue to explain the advancement of bitcoin over other digital currencies.