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Author Topic: Easy way to explain and teach Bitcoin  (Read 3465 times)
odranoel
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March 12, 2018, 08:05:45 AM
 #301

Iit depends to the person you are reffering.If the person is a child you can use your words with simple that the chikd could easily understand you.If the person is adult then,you can make it to an easiest way that makes him comfortable.I would talk similar things using this technology including bitcoin.

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josephpogi
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March 12, 2018, 08:39:13 AM
Last edit: March 12, 2018, 02:48:29 PM by josephpogi
 #302

[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
Quote
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
Yeah, agree to all commentors, it really depends on deep understanding they have to learn every words you say or you teach to them. Honestly, bitcoin is just an easy thing but very hard to earn although there are tons of ways to earn every step is a hard one. I studied bitcoin for about year and tried many things to work out and finally it worked.
maichimoto
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March 12, 2018, 08:44:00 AM
 #303

[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
Quote
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
[/quote]

I believe we don't need to explain the tech behind bitcoin too much in detail as that is what is confusing people at the first place. Just need to tell them this is the currency backed and run by people
endogan
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March 12, 2018, 08:58:00 AM
 #304

To explain and teach, it is better to use words, which are easy to understand them, and explain also by how they work, because for some people it is easier to understand them when included with how it works. perhaps by teaching him through, his theory and working manner will be faster to understand.

Tiger Junk
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March 12, 2018, 09:10:17 AM
 #305

We can explain bitcoins to other people easily in terms of sharing videos to them in that ways the can easily understan the concept and essence of bitcoins.

I think there is no easy way of explaining and teaching how to use and what is bitcoin. This thing needs time and process to come up to a more professional outcome. It needs to be done carefully, especially people always doubt what bitcoin can do.
micleeiu398
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March 14, 2018, 08:16:54 AM
 #306

We can explain bitcoins to other people easily in terms of sharing videos to them in that ways the can easily understan the concept and essence of bitcoins.

I think there is no easy way of explaining and teaching how to use and what is bitcoin. This thing needs time and process to come up to a more professional outcome. It needs to be done carefully, especially people always doubt what bitcoin can do.
Well if someone have such guts to teach and explain what are bitcoins and how they will be used to earn money, still the person is himself eligible to take a start. No matter how better your instructor would be, if you are not getting it and then not practicing it carefully, all his efforts would be all-in-vain. Grow up, learn, read articles, go through this forum, and then practice it.
torres99
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March 14, 2018, 08:23:17 AM
 #307

In my opinion, let's see the profit from investing in the first bitcoin, in terms of economic psychology, then explaining what is BTC, blocktrain technology, explaining the value that BTC will bring. in the future, such as fast transactions, costs will,
yana0901
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March 14, 2018, 11:43:08 AM
 #308

Bitcoins differ from conventional currency in that registries are not stored centrally in banks and payment systems, but simultaneously on all computers that are occupied by bitcoins.
lucian999
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March 14, 2018, 11:55:02 AM
 #309


In many parts of the world there are many ways to use bitcoin and different methods of using it.
Since then, in the Philippines there are different ways in which they work in other countries and in the Philippines.
CarnagexD
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March 14, 2018, 12:07:35 PM
 #310

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.
Well, Bitcoin is a currency, unlike the normal fiat, it is not tangible, that is why it is called digital currency. It was brought by a technology called blockchain, which is decentralized. Bitcoin is an optional tool for exchange of value and services, so it can be a subject for investment that can give you a promising decent return, because of its volatility. The coverage right now is still on its growing stage, but gaining popularity so quickly.

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wormgummy019
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March 14, 2018, 12:18:22 PM
 #311

[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
Quote
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
[/quote]





For me, to easily know what is bitcoin in a kid or in a person who don't know about bitcoin tell them that bitcoin is the future of money. If they join signature campaigns or if they invest their money, their money will earn profit. Tell them also the background of bitcoin and where does the bitcoin came from. Tell them also the benefits that may get.
Dadan
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March 14, 2018, 12:22:25 PM
 #312

Of course, there is a proof that you are really paying a bitcoin here to get to your bitcoins who want to teach you, because I'm teaching my classmates I'm doing the show that I'm doing here in bitcoin and showing me what I've earned here in bitcoin then they accompanied me to withdraw and there they are the content that will actually be in bitcoin and that's crazy.
Odlanyer
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March 14, 2018, 03:05:31 PM
 #313

For the easy way to explain and teach about bitcoin to beginner is to explain how bitcoin is work and when you use bitcoin what is your procurable in bitcoin and what is the purpose or uses of that. Explain that if you using bitcoin your life is became wealth you future became brighter. Show a proof that bitcoin is really helpful like showing your profit and money that come from using in bitcoin.
letzdodiz
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April 05, 2018, 05:59:51 PM
 #314

[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
Quote
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
[/quote]
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April 15, 2018, 02:01:07 AM
 #315

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.
traderethereum
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April 15, 2018, 08:34:14 AM
 #316

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.

we can give some example or we can give some explanation about bitcoin or even we can try to give them small bitcoin amount to them to help them understand what we explain. besides that, we can try to ask them to search by them self so they can find more things about bitcoin and other coin and they can have a new experience related the cryptocurrency. try to explain what we know and discuss to them about what they want to know.

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April 15, 2018, 09:19:12 AM
 #317

Excellent way to teach children about bitcoins. It's such a simple thing to understand, even kids way younger than the kids around my block could easily understand this kind of concept. I guess it just goes to show that a lot of bitcoin investors are really creative when it comes to teaching bitcoins.

adadaorlina
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April 17, 2018, 06:33:51 AM
 #318

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.
okissabam
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April 17, 2018, 06:46:23 AM
 #319

For me the easiest way to teach about Bitcoin is to give them an example to what level of understanding they could possibly understand when you explain it to them. Kids nowadays are smart and can understand easily maybe because of the power of social media. For a 7 year old, you can make them understand and teach them Bitcoin like buying candies on some store.
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April 17, 2018, 06:46:39 AM
 #320

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.

Should cultivate good intentions from people who are eager to learn about Bitcoin's benefits.
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