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Author Topic: In your old age what will you tell your grandkids about Bitcoin?  (Read 1330 times)
gabriella
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December 09, 2013, 12:26:57 AM
Last edit: December 09, 2013, 03:25:50 AM by gabriella
 #1

"john, let me tell you a time when i was your age, money we used was completely different to what we have now.

you see, money used to be controlled by some arbitrary organizations who call themselves central banks, you have never heard of them because they don't exist anymore..."
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December 09, 2013, 12:38:30 AM
 #2

I have a t-shirt that says "This shirt valued at 1 Bitcoin"
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December 09, 2013, 12:48:51 AM
 #3

I have a t-shirt that says "This shirt valued at 1 Bitcoin"

Grandpa you really owned a whole bitcoin?  Shocked

Johnny Bitcoinseed
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December 09, 2013, 12:55:05 AM
 #4

What if your grandkids are already using bitcoin?

Sincerely I am, Johnny BitcoinSeed .com
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December 09, 2013, 01:04:38 AM
 #5

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In your old age what will you tell your grandkids about Bitcoin?

You're welcome.

bitcoin price cannot be sustained above $10k <---- scientific fact
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December 09, 2013, 01:05:52 AM
 #6

I have a t-shirt that says "This shirt valued at 1 Bitcoin"

Grandpa you really owned a whole bitcoin?  Shocked

Yeah, that's what I am thinking too.
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December 09, 2013, 01:19:06 AM
 #7

I'm going to tell them that's how they got their inheritance.
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December 09, 2013, 01:22:31 AM
 #8

Son, I built this house with only 1 Bitcoin.

Einer trage des andern Last, so werdet ihr das Gesetz Christi erfüllen.
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December 09, 2013, 01:23:28 AM
 #9

I don't think I will reach old age...
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December 09, 2013, 01:37:29 AM
 #10

Skynet failed because the parts from the Chinese factory were all faulty.

All the staff were too busy mining for Bitcoin.
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December 09, 2013, 01:43:41 AM
 #11

dont laugh in my day we couldn't buy food with bitcoin! Really, its true.

AltaVista 4 Life!
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December 09, 2013, 02:12:51 AM
 #12

I would tell them there was a time when bitcoin wasn't globally accepted  Shocked *gasps*

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December 09, 2013, 02:32:54 AM
 #13

I will probably ramble on and on to my grandkids about cryptocurrencies and how they work. Then they will proceed to get bored and start ignoring me, as most kids do when old people tell storys they don't understand or care about. But that's ok.
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December 09, 2013, 02:48:40 AM
 #14

Me:  "Your not going to believe this but money used to could be counterfeited"

Kids:  "What is counterfeited"

Me:  "Take for instance this house.  Its worth about 1 bitcoin.  Now imagine you could copy and paste a bitcoin and pay me for this house with that copied bitcoin.  That would be counterfeit money."

Kids:  "Whoaaaaaa... that would be crazy if you could make money and not have to do anything."

Me:  "It used to happen kids.  It used to happen."

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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December 09, 2013, 03:10:31 AM
 #15

-Would you believe that people used to carry wallets full of coins with them?
-Really? Like those sacks knights used to have, the coins were gold and silver right?
-No they were made of cheap metal.
-And you had to count them every time you paid in a shop? Grandpa you're so old!

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December 09, 2013, 03:25:31 AM
 #16

I'd tell them that bitcoin was humanity's *first* authoritative decentralized record system, and that I'm proud to have been there at beginning, helping people to understand this, see the potential, and adopt it as a technology.

I'd try to impress upon them how incredible such a system is, compared to every other record-keeping method humanity had developed to date. It will be difficult for them to comprehend this, since in their lives, authoritative decentralized records of all sort will just be a longstanding fact of life that they've always lived with. No need for notaries, stock exchange management entities like NYSE, clearing houses, etc. They'll just be used to publishing transactions/contracts/whatever to some crypto-system and that's that; no middlemen, no delays. It'll be obvious in hindsight that these things reduce friction and expense, and is the rational way to go about all manner of financial transactions and contracts.

Along these lines, I'll end with Naval Ravikant's excellent post outlining the beginnings of all of this; hopefully all of which will be reality long before for my grandkids are even born:
The Internet of Money: http://startupboy.com/2013/11/07/bitcoin-the-internet-of-money/

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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