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Author Topic: Educate my community here in Subdivision about Bitcoin  (Read 295 times)
Mr. Magkaisa (OP)
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July 02, 2022, 05:45:49 AM
Last edit: July 02, 2022, 06:07:23 AM by Mr. Magkaisa
 #1

Good day to all of you here on the forum, I have plan to teach a little knowledge and ideas about bitcoin here in the area where I live which is a subdivision. It's just that I don't know the right approach or how to open it to my neighbors here. So I would like to ask for your advice or opinion so that I can start it right and properly. Then I will do it for free without asking for compensation.

I hope you give me things to do and follow, thank you and I look forward to your suggestions.

.
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July 02, 2022, 06:50:55 AM
Merited by BlackHatCoiner (2)
 #2

It depends on your own knowledge of bitcoin, if you already don't know the basics you should start learning first so that you can answer any questions that may arise correctly. For example if someone asked you how bitcoin mining works or the common questions about key/address collision you have to know the answer already.

I say this because I don't know you and with a quick look at your post history it looks like you are mostly interested in price and trading which is not something I would tell others when I'm trying to "educate them about bitcoin". In fact the first thing I'll tell others is that bitcoin is not an investment so don't buy it to make profit.

In any case the topics I would cover are these:
* Basics about bitcoin, how it works that includes the blockchain structure and transactions
* Some quick information about mining and the meaning of "confirmation"
* Wallets, keys and security. What to avoid (like web wallets and custodial wallets)
* Cold storage and bad practice that could lead to losses
* Last but not least: altcoins and why you should avoid all of them.

.
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Mr. Magkaisa (OP)
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July 02, 2022, 07:03:19 AM
 #3

It depends on your own knowledge of bitcoin, if you already don't know the basics you should start learning first so that you can answer any questions that may arise correctly. For example if someone asked you how bitcoin mining works or the common questions about key/address collision you have to know the answer already.

I say this because I don't know you and with a quick look at your post history it looks like you are mostly interested in price and trading which is not something I would tell others when I'm trying to "educate them about bitcoin". In fact the first thing I'll tell others is that bitcoin is not an investment so don't buy it to make profit.

In any case the topics I would cover are these:
* Basics about bitcoin, how it works that includes the blockchain structure and transactions
* Some quick information about mining and the meaning of "confirmation"
* Wallets, keys and security. What to avoid (like web wallets and custodial wallets)
* Cold storage and bad practice that could lead to losses
* Last but not least: altcoins and why you should avoid all of them.

I appreciated so much that you gave this instruction advise Sir, For now I really wanted to give a little bit education about at Bitcoin.
just like what you had stated at the above I will honestly follow them all Sir. And it is not in my plan to teach them for now about in trading activity. Because it will be too hard for them to understand it. Only the basic features and usages are my priority Sir.

In fact, before end of this day after checking the opinion of others here in this thread, I will keep you all update about this plan I got
here in my place once I start to educate them and show you the activity that I'm going to do here.

.
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July 02, 2022, 07:10:15 AM
Merited by BlackHatCoiner (1)
 #4

Only casually mention Bitcoin to them, and only explain it if they actually ended up being interested. I know a lot of us here are very passionate about Bitcoin, but don't be those kinds of people who force your interests down other peoples throats.

Forcing Bitcoin down other people's throats is one of the many reasons why a lot of people still look at bitcoin as a scam.

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July 02, 2022, 07:26:53 AM
 #5



I do admire your good intention and courage to be sharing Bitcoin most especially at this time when we are in the crypto winter. Now, am just wondering how you can be able to present Bitcoin when it just slashed more than 50% of its value based on its last ATH...will you say that the dip is the best time to get involved with it because it will definitely be back to where it was months ago in terms of price? Or will you concentrate on it being an anti-inflation kind of thing where many are shaking their heads right now? Or maybe it can be packaged like the kind of technology and money of the future? Anyway, as what I said I do admire your desire and if you can do it then I am applauding you more.

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July 02, 2022, 08:43:24 AM
 #6


It might just be a good time to do this when the market is at the bottom so that you can give them hope to  profit when the price goes back up again. An approach which will give them incentive without a sponsor is just not going to  make people interested to listen. It might be a good idea to find a sponsor, a local blockchain company perhaps.

There are local community online forums like Foursquare that did this in my area and it looks successful actually. Of cource the company is also going to promote.

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July 02, 2022, 08:53:59 AM
 #7

Hey, first of all, you are doing really great work G. Make sure you yourself have great knowledge because half knowledge is dangerous for anyone right?
There are many blogs, websites, and videos from which you can learn, and then once you understand it yourself, you can share it with others.

And as someone said above, it's not an investment. It's a technology. Have fun!
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July 02, 2022, 09:00:41 AM
 #8

Be prepared to the positive and negative output. As you have a good will to teach or at least educate people in your place about bitcoin, you can start by handing out brochures and it's gonna be hard at the beginning but I'm sure that you'll meet people that are already into it.
That's a good start that you have and if a few of them has been already a bitcoin investor, you can start a community in your area. Although expect also that most of them will choose to remain lowkey.

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July 02, 2022, 12:36:27 PM
 #9

Someone may say that there is nothing wrong with passing on knowledge to other people, although I have concluded from my own experience that when it comes to Bitcoin, people should not be pulled by the sleeve and told about it, because some often take it in a completely wrong way. In addition, bad things can often result from such educations, because the actions of those who do not understand what it is about can have very negative consequences for them and their families.

For me personally, the right approach is to give correct information to whoever asks me about something (in case I am very well acquainted with the subject), but in any case, I avoid encouraging some topics that concern anything that has to do with investments.

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July 02, 2022, 01:00:29 PM
 #10

I think it might be better to give them a general idea of Bitcoin and what it is and how it works, then tell them to come back to you if they look stuff up and they have questions to ask. I don't think it's proper to encourage a class-style of teaching about Bitcoin, I honestly doubt they'd even be able to process that much information and be able to inquire back if they were to ever ask questions about it. After that first comeback of theirs, you can then include some snippets of related history and such so that they can broaden what they know and possibly look up more stuff which again, repeats the loop of them coming back to you to ask some questions.

R


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July 02, 2022, 02:11:09 PM
 #11

best example is to find the usage locally.
EG are there any fast food/ take away restaurants that accept bitcoin.

the easiest way to show bitcoin has utility and is worth something is to show that its useful locally. then it will give some locals a reason to be interested. like a live demonstration..
best ones i seen is buying them pizza or a coffee using bitcoin. as that is straight away a way of showing that it s real/useful and not a short term fad/trend

if you cant buy anything locally with it, then no wisdom about the technology or security can convince them to adopt it that instant just for "a useful thing" locally. because they wont see or know of the local usefulness, so they will doubt it.
to which you then end up having to explain the remote uses like trading, investments, long hoard savings aspects of being a way to save without a bank and such (multiple other uses not explained)

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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July 03, 2022, 10:15:30 AM
 #12

the easiest way to show bitcoin has utility and is worth something is to show that its useful locally. then it will give some locals a reason to be interested. like a live demonstration..
best ones i seen is buying them pizza or a coffee using bitcoin. as that is straight away a way of showing that it s real/useful and not a short term fad/trend

I wanted to demonstrate payment with Bitcoin to my friends several times, but I had the misfortune that each time the time for the first confirmation was at least 20 minutes, and even up to 60 minutes - which led them to the conclusion that it is a very slow method of payment and that they don't see why they would pay with BTC if they can do it with their card or cash. In this sense, Bitcoin has never proven to be a method of payment that will attract the masses, if we also add that the matter is far more complicated than paying bills in some other way.

Some would say that LN is the solution (and your position on this is well known), others say that sellers should accept transactions without confirmation if they are not RBF, others will say that Bitcoin as a means of payment is only suitable online - while the last ones will completely ignore that Bitcoin should be used as a currency.

At the end of the story, everyone has the right to their opinion and to use Bitcoin the way they want, at least in this regard, individual freedom is unquestionable.

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July 03, 2022, 10:50:38 AM
Last edit: July 03, 2022, 11:13:23 AM by franky1
 #13

each to their own but when trying to say "use bitcoin" but then if they advertise and demonstrate for instance custodian storage of crypto in an exchange controlled cold wallet..  it's not actually displaying bitcoin its advertising something else.. a company/bank
same with using sidechains and altnets bridged to it, is not actually demonstrating bitcoin..

same with using share certificates of gold while trying to say "it is the actual metal called gold".. is just not really helping settle it in peoples minds. that paper is metal, no matter how many times you shout "its back by it so it is it"

yes people can have faster transactions using custodian accounts of assets or tokens/certificates or sidenetworks. but then your not actually explaining the underlying asset anymore.

that said if you want to describe the underlying asset you have to think about the features and benefits and yes flaws of the asset and actually describe it. otherwise your just advertising something else.

take bitcoin.
dont try doing the "its fast cheap, instantaneous, better then visa" (crud that LN'ers try to push as their "bitcoin" advert. as its misleading. )

instead compare it to using a chequebook but faster then 5 days. no bank authority to close accounts. where you can create family trusts or offshore shell company store of wealth without needing lawyers, certification and bank managers. and use the value either unlocked to buy many things direct or locked up in your control/group control to DO many things amongst people you know and trust

show how from your home you can pay with a 'digital cheque' which settles in 10-20 minutes rather than 5 days and you pizza arrives within the hour. dont push it that the pizza should arrive in 5 minutes. dont embellish the speed of the pizza delivery time.. even with fiat, pizza wont arrive in seconds

be realistic.
describe how bitcoin works from the cheque prospective where the source funds are listed (the utxo) being like the routing numbers along the bottom of a cheque. the "to:" being the destination. the amount you want to pay and it needing a signature.

then you can lead into the clearing house describing how there is no central bank clearing house but random people pooling together to collate the transactions into a batch and secure the batch to previous batches in a complicated way so no one can edit them and such later without huge costs that surpass millions of peoples hard work ..

its all about finding BITCOINS features and benefits and wording them in ways normal people can understand using actual comparison examples that close my match what it does.

no big misleading embellishment that bitcoin is some tap and pay better then visa thing. but no worse then a 24 hour wire transfer or a cheque. jsut find the right comparisons rather then leading them away from using bitcoin to use another unit of measure on another network instead of bitcoin while still pretending your describing bitcoin, because that just causes more issues.

there have been many that have been sold into the idea of "fast, instant, cheap" but when they first use bitcoin and see withdrawal fees and BITCOIN transaction fee's they feel lied to. but then they dont trust the next push into the the "fast cheap" network you actually described because you just lied about bitcoin.

its like saying guy gold you can make jewellery out of it and electronic circuits.. then a month later they see it means they also need smelting equipment and moulds which you didnt describe because you described certificates.. then when or if they trust you to buy certificates thy realise the paper they now hold cant be electric circuits or jewellery. so again you double lied and confused them from both sides..

so just keep things real, dont confuse bitcoin from the side/altnet stuff. explain it all if you have to but just dont confuse the two pretending they are al one.

you could (if you are better at PR then the LN'ers) actually turn things into a positive. about how bitcoin is so strong its actually used as a peg for other networks (rather hen pretending other networks are bitcoin) where it offers other networks to do more stuff. meaning that it opens options up . (rather then the LN'er mantra of LN is the solution the end point people ned to shift into).

talk about how fiat might buy them 1 9inch pizza for $10 this year but will cost them $20 in the future (inflation)
where as bitcoin for 0.0005 will buy them the pizza and in the future that same 0.0005 may buy them several pizza's(deflation)
tell them about all the other things you can do with bitcoin that the plastic visa debit card cannot do.
EG you dont have to reveal life history or the number and the 3 digit number on the back which means anyone getting that they can steal funds from you. with bitcoin you get to keep the secret that allows the spend to stay secret. meaning you get to hold funds without the online card 'skimming' risks of ID/fraud.

and yes if you wanted. then meander into how you can allocate some funds to be locked and then represent other units on other niche services(de-fi) or sidechain/altnets to then do other things with

just avoid going to fantasy utopian dream world about it, over promoting, over promising. over committing

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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July 03, 2022, 03:19:21 PM
 #14

Not my community though but my old folks. I educated about bitcoin using simple analogies from the environment which they live in. You should try it too. If you make the concepts too technical, you'd scare them off. Another point is to start with the person(s) whom you perceive has the most interest in learning. It could be someone who already asked you a question or two about bitcoin in the past. You should start small, say a group of 2-4 persons.

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July 03, 2022, 04:53:28 PM
 #15

Not my community though but my old folks. I educated about bitcoin using simple analogies from the environment which they live in. You should try it too. If you make the concepts too technical, you'd scare them off. Another point is to start with the person(s) whom you perceive has the most interest in learning. It could be someone who already asked you a question or two about bitcoin in the past. You should start small, say a group of 2-4 persons.
I have also tried sharing about Bitcoin in our community with just a small group of people and I only pick those who are showing interest in knowing things about crypto. We can't please everyone so crypto antagonists will always be present. Just start with the basics but don't forget to include the risks of Bitcoin investment so if ever they fail in the future, they won't blame you because you have already informed them.
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July 03, 2022, 05:53:34 PM
 #16

Its not really that much easy to teach them because they think that you are trying to trick them to scam some money, not to offend you but this will be the first thought comes in our mind when we have no knowledge about bitcoin. Well, if you had the chance to meet people then I will just do it in the reverse way like asking do you know bitcoin or have you heard of bitcoin? And most people will say yes but they don't know what it actually is then you can teach them about how it works like what is blockchain technology, why we call it as decentralized,etc....









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July 03, 2022, 06:10:02 PM
 #17

Its not really that much easy to teach them because they think that you are trying to trick them to scam some money, not to offend you but this will be the first thought comes in our mind when we have no knowledge about bitcoin. Well, if you had the chance to meet people then I will just do it in the reverse way like asking do you know bitcoin or have you heard of bitcoin? And most people will say yes but they don't know what it actually is then you can teach them about how it works like what is blockchain technology, why we call it as decentralized,etc....
Not at all, It will actually depends on how you will be able to incorporate and deliberate your knowledge about bitcoin and crypto to them especially those who lacks knowledge to any information about bitcoin.
Clarification is one the key on how you will be able to explain it to them. Start with the basics and introduce what crypto or bitcoin is then proceed with further more information in a simplified way so they get confused and lost as not all the terminologies can be understood by these people. Also, having a Q and A portion will be key factor to know if they were able to absorb the information you've discussed and to provide clarity on some information.

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July 03, 2022, 06:19:54 PM
 #18

First you should gather enough knowledge about Bitcoin before you embark on this interesting adventure to avoid questions that would take you off balance. Then how to go about the teaching aspect is based on your financial capability. If you need something simple you can start with a neighborhood campaign where you introduce Bitcoin to your neighbors in the simplest approach. You should start with young minds so you can enjoy your first outreach and lessen the probability of been stressed

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July 03, 2022, 06:29:56 PM
 #19

Good day to all of you here on the forum, I have plan to teach a little knowledge and ideas about bitcoin here in the area where I live which is a subdivision. It's just that I don't know the right approach or how to open it to my neighbors here. So I would like to ask for your advice or opinion so that I can start it right and properly. Then I will do it for free without asking for compensation.

I hope you give me things to do and follow, thank you and I look forward to your suggestions.

You plan to push btc to your neighbors,
Welcome to your No-Win scenario.

Neighbors buy btc and the price drops,
Neighbors hate you for losing their money.

Neighbors buy btc and the price increases,
Neighbors bug you every day on when they should sell, and if you miss the top.
Neighbors hate you for missing the top even if they made a profit.

You bring up BTC, and Neighbor informs you that PoW is destroying the environment and increasing their energy rates.
Neighbors hate you for supporting energy waste.

Best suggestion , leave your neighbors alone, unless they ask you your opinion.
Next tell them which politician they should vote for and Neighbors hate you.

The final question is,  are you planning to move.  Cheesy

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July 03, 2022, 06:45:14 PM
 #20

That is a good idea but first of all you have to know the following:
1. You have to understand the basic concepts of bitcoin. If you don't understand the basic concepts then you can't teach them, because they will ask you the reasons why bitcoin is going down and the reasons why bitcoin is going up ( the bullish and bearish market). And the causes of the upward and downward movement of the market. When to start and when to end the trade. There are lot of questions they will ask you.
2. Your audience ( the people you what to teach are which category. Are they Children, youth or adult? So with this you will know where to start from). This is where the whole thing starts from. Know your students category is the priority in the teaching and learning process. That is, did they have knowledge on bitcoin before? Or have they not heard it before? This will also make the class very easy for you
3. How many days are you going to teach them for them to understand it very well?

If it is a classroom as a school then you just meet the heard teacher in the school and discuss with him or her to accept. But if it is in your compound. Then you can call your close neighbors and discuss with them. Or in the play ground you introduced it to them but all depends on the category of audience.

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