Easy way to explain and teach Bitcoin

[centralbanksequalsbombs]

[https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf]
How to Explain Bitcoin to a 7-Year-Old

I’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.

There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.

The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.

Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.

First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.

Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.

Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.

“So where do the coins come from? How did it start? Who got the first coins?”

There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.

“Ok, couldn’t someone make their own fake coins?”

No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.

“Who made the robot..?”

Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.

“… Crazy.”

From Tony Diepenbrock IV on medium.

Or you can also watch this excellent video:
bitcoin 101: https://youtu.be/Bhe61JaNFLU

I think that one of the easiest way to explain bitcoin is to tell them what benefits they can get in it. In kids, you must first get thier attention and telling them what they can earn is one of the wisest way to have thier interest. Next is explain them why bitcoin is important for us specially to them, the new generations, also talk about on what is bitcoin is and how its system works. Lastly you must tell them what are the advantages and disadvantages of bitcoin for them to be ready in encountering it in the future.

Your setup is too complicated. Simply put, its honest, long-term savings account.

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[Lannie25]

The easiest way to inform and educate the public about bitcoin is making some seminars or videos which tell the entire information about bitcoin.
Through this they can help the small sectors of the community to promote the positive effect of btc in our society.

[adjong]

it's easy to keep the bitcoin up and point it to someone ... you do not need to explain everything when someone is interested in it..when you explain and understand that you can tell him everything about bitcoin and explain that he's got a big deal here ..

[heleng05]

I think I don't agree with that explaining bitcoin to my son is not good because I want my son be free for now he doesn't good yet in working and I think he must be in my neighbors playing with them not working for us right now.

[odakorlina]

The easiest way to explain and teach about bitcoin is to give a simple but efficient introduction on its history. It's very important to establish the interest first and let the person know that Bitcoin is something of value and can be converted into money.

[oegarod]

Easy way to explain or touch bitcoin is simple based on the understanding capability of the users. Bitcoin being a very new platform and technology oriented operational system it is not that easily understandable. Giving an basic explanation and let them explore of their own which seems to be the best way of teaching in my opinion.

[josephpogi]

[https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf]
How to Explain Bitcoin to a 7-Year-Old

I’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.

There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.

The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.

Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.

First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.

Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.

Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.

“So where do the coins come from? How did it start? Who got the first coins?”

There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.

“Ok, couldn’t someone make their own fake coins?”

No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.

“Who made the robot..?”

Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.

“… Crazy.”

From Tony Diepenbrock IV on medium.

Or you can also watch this excellent video:
bitcoin 101: https://youtu.be/Bhe61JaNFLU

to be honest it is hard to teach bitcoin to others as my experience i always receive a laugh from them because they said that bitcoin is only a scam and some people didnt yet know and understand about bitcoin but if you want to teach bitcoin to others just teach your trusted friend .

[mindfly09]

If you are going to teach it with the child who is 7 year old, you are going to use the word that can easily understand or comprehend them, but it really depends on the child if the child is not interested they will not easily understand it coz we all know that age is not the age that a child will give time to understand it. There is a child who are very curious but only few.

That's right, the best way to explain is we should talk to them, i think they could understand well. Children must interesting about this because of about money related. We need them first understand about bitcoin before we teach.  Give more patience, to teach them so that they have more ideas and knowledge about bitcoin. Children is not so hard if we explained it well. Just keep telling and have patience to explaining and focus to teach children to them always so that in their younger age they will know a lot.

[TheGreatUnknown]

Thank you for this!
I am just a newbie in bitcoin, hmm let me say little do I know about what bitcoin is. right now all I do is to look into the forum read replies to the post and maybe I can gain some knowledge. I'm like a child who is really willing to learn something new. I hope I may gain some new knowledge to this thread and learn more about bitcoin does and how it operate, how can I earn. thanks a lot!

[DimaS1574]

I think  bitcoin is too complicated to explain   for seven years old. better  way teach financial grammer. money  philosophy

[buwaytress]

How you explain it to people depends not so much on their age but on their understanding of how finance and money works. I tend not to explain so much the underlying technology of Bitcoin's blockchain as a ledger (though that easily comes in later as a result of natural inquisitiveness). I find that, for young and old, start with some of the points of the Satoshi whitepaper: peer-to-peer and trustless.

Without even needing to mention the word decentralization, I simply say Bitcoin is the first time you can send anyone anywhere in the world money, in the exact amount you want, directly, the way you want, while knowing for sure that the person will receive it without ever having to rely on a bank or a third party to get your money there.

The questions will come naturally: but isn't this how money already works? From here, you explain the differences.

[primeminer]

I used to know Bitcoin from my friends who invited me to play the faucet because we are unemployed, teaching someone to understand Bitcoin is by way of practising, so they will easily understand and will feel the spirit when getting results.

[centralbanksequalsbombs]

For consistency;
For the adults:
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin's value is worth over $300 billion USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.

Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)

[cancuncrypto]

And yet there will be so many who fail to understand such basics. At least the new generation is coming where our kids will easily be able to get into BTC, compared to us where we will be the dinosaurs of the cryptocurrency world

[Noilee]

Well, the easy way to explain and teach bitcoin you must first explain to them about bitcoin and the characteristics of bitcoin, and explain about the advantages of bitcoin. Then you show to them how to start invest in bitcoin. Then share your knowledge about bitcoin. Because sharing our knowledge or any ideas is a big help to them to increase their knowledge. Tell them that even you will explain they should more research to do so that they can completely understand about bitcoin.

[handini]

Well, the easy way to explain and teach bitcoin you must first explain to them about bitcoin and the characteristics of bitcoin, and explain about the advantages of bitcoin. Then you show to them how to start invest in bitcoin. Then share your knowledge about bitcoin. Because sharing our knowledge or any ideas is a big help to them to increase their knowledge. Tell them that even you will explain they should more research to do so that they can completely understand about bitcoin.

if I personally yes, it is better to tell yourself first, later if they have not understood about what they can then it is better to ask us. because learning it is quite difficult. especially if we just talk about what bitcoin is to them. then better let them understand, we tell to learn alone.

[btccointalk]

I'd really just suggest the video to kids because kids don't want to read text they want a Youtube video to learn. I know I do lol!

It does sound good though. I think all those years of dumbing it down for people has finally given you a great answer. I still get tongue tied trying it to explain it to people. I just end up saying they need to do their own research and read a lot. Not my fauly if they don't invest lol. I'm not pushing people into anything because then it would be "my fault" if they lost money. I'm in for the long haul and love the tech and the whole idea behind it, I care about the price but it's a really handy side affect and not the sole reason to use crypto.

I think that's the biggest hurdle people need to get over. Why do they need it and not how does it work. I don't have a clue how my microwave works, but I know it'll heat up my pizza pocket from frozen to done in 2 minutes Vs my oven that would take ... Idk a long time because I've never used an oven to cook a pizza pocket hahaha! At some point there will be a generation that has never used fiat.

Think about that! Put that in your pipe and smoke it Jamie Dimon!!!

I agree with your suggestion. Kids learn quickly when they are shown visually and they will never forget about it. Even we grown ups prefer to see and hear the thing rather than reading.

[marlonbatotoy]

I think that's the difficult thing to do.. because 7 years old child want is just to play some child games but it depends on child if that kid has talent

[Md Faysal]

I agree with this. That the best way to teach children. You have to do variety of creativity and innovation so they understand bitcoin easily. You should explain them to use video, there are many videos in YouTube that will help to explain what is bitcoin.then they learn and at last cash out from bitcoin.

[ezekhiele]

If you are going to teach it with the child who is 7 year old, you are going to use the word that can easily understand or comprehend them, but it really depends on the child if the child is not interested they will not easily understand it coz we all know that age is not the age that a child will give time to understand it. There is a child who are very curious but only few.

I agree with this explanation. How can you teach a child about bitcoin if he / she is not interested on the topic itself? So, in my own idea about this, if you are teaching a 7 years old child about bitcoin you may used any strategy or a technique that can catch his or her attention. It may be a kind of game, a puzzle that is connected to bitcoin.