How would you explain bitcoin to someone?

[Oluwa-btc]

Many people have heard about Bitcoin but often through cringe narrative and perspectives.Some of the information were narrated through scams and unrealistic promises of quick gains.So I'll start by saying Bitcoin is not a scam and its not about getting rich fast, but it's about having money that no one controls,but you.Unfortunately,the misinformations about Bitcoin has traveled faster that the purpose ,freedom and innovation it offers because understanding remains incomplete.

[Filicius]

So no need to talk about price and share any technical source, just plain and simple, how would you explain Bitcoin to someone briefly?

Imagine the fairest and best form of money you can think of. That's Bitcoin.

[Adams0001]

You have explained the matter of explaining things very well. But before I tell someone about Bitcoin, I first check whether he is really interested in learning about Bitcoin or not. If he is interested, then I give him time. But I especially explain one thing very well, that is, you can use any platform to learn. You can learn from YouTube videos or any articles, but in terms of investment, it is never right to follow others. And I do not encourage anyone to invest. If he knows bitcoin well, then he can understand, then he can invest depending on his financial situation.

If someone don't have interest on something you didn't force your self struggling to guide them because they won't listen and you're just wasting your time in it. Bitcoin is volatile and you can't predict the market and if you're not someone that is patient enough you won't be successful in it. Because you need to invest in long time before you can be profitable. Some people are scared to lose money when they invest in bitcoin that is why they always wait for other people to says something about bitcoin so that they can know when to invest in bitcoin but we should know that bitcoin is volatile and they don't have actually day or month to invest in it you can invest anytime you're capable of investing and you will just wait for your target.

[davis196]

Well, such a rookie question but I am looking for some new ideas to explain about bitcoin and why they should have bitcoin in the simplest way possible, because 90% of them will not be interested in learning the whitepaper if they don't get the concept of decentralization and how central banks are ripping the people with money printers.

So no need to talk about price and share any technical source, just plain and simple, how would you explain Bitcoin to someone briefly?

Here's a dumb and not very accurate way to describe Bitcoin to a total crypto noob.
Bitcoin is electricity turned into money, but these money are regulated by a protocol which cannot be changed without consensus, which makes them a deflationary currency and a scarce financial asset. You don't need a middle man or a bank in order to use these money, but most "crypto bros" are using middle men such as crypto exchange platforms. This isn't a perfect explanation of what Bitcoin Core actually is, but it should do the work and I do believe that most newbies would understand the true nature of BTC. I'm sure that most people with an IQ above 80 would understand the concepts of decentralization and how the central banks "are ripping the people with money printers".

[Hazink]

Dont even bother. Tried with family once. Worst idea. They buyw some random token, lose the password, and call you to fix it. No thanks. I just tell everyone i do boring IT stuff now.

Boring IT stuffs is a perfect way which will also explain and give reason to why you could be on your computer for long period of time and it will avoid some unnecessary further questions. You will give someone an advise about something and they will decide to take w separate route and when it backfires them they put the blame on you for bringing the idea to their table in the first place, the best to do is just totally don't explain to them unless when they voluntarily ask for such information you give tips without it sounding as if you are persuading them to invest.

[betswift]

Dont even bother. Tried with family once. Worst idea. They buyw some random token, lose the password, and call you to fix it. No thanks. I just tell everyone i do boring IT stuff now.

Boring IT stuffs is a perfect way which will also explain and give reason to why you could be on your computer for long period of time and it will avoid some unnecessary further questions. You will give someone an advise about something and they will decide to take w separate route and when it backfires them they put the blame on you for bringing the idea to their table in the first place, the best to do is just totally don't explain to them unless when they voluntarily ask for such information you give tips without it sounding as if you are persuading them to invest.

People who put the blame on you in such a scenario are just foolish.. But if they will understand why it was a mistake and just won't repeat it they have potential to learn in the space.

[Rgram]

Dont even bother. Tried with family once. Worst idea. They buyw some random token, lose the password, and call you to fix it. No thanks. I just tell everyone i do boring IT stuff now.

Boring IT stuffs is a perfect way which will also explain and give reason to why you could be on your computer for long period of time and it will avoid some unnecessary further questions. You will give someone an advise about something and they will decide to take w separate route and when it backfires them they put the blame on you for bringing the idea to their table in the first place, the best to do is just totally don't explain to them unless when they voluntarily ask for such information you give tips without it sounding as if you are persuading them to invest.

As annoying as it sounds, we must understand that, it’s just human behaviour. While it might be easier for sum to accept flaws and even put themselves in your shoes because, it’s not always easy to see someone you tried to ensure they make progress fail at it, you get the impression of not being a very good teacher even through it wasn’t entirely your fault and so, you beat yourself up about it. Some understands this and try not to pressure you further, others wouldn’t. They would feel, their is a trick to it and that’s what you are hiding from them which explains while they fail… that’s the part that hurts my feelings the most.

[m2017]

Well, such a rookie question but I am looking for some new ideas to explain about bitcoin and why they should have bitcoin in the simplest way possible, because 90% of them will not be interested in learning the whitepaper if they don't get the concept of decentralization and how central banks are ripping the people with money printers.

So no need to talk about price and share any technical source, just plain and simple, how would you explain Bitcoin to someone briefly?

This thread is a month old, and I only just saw it (or saw it but didn't grasp the depth of the topic). The OP is tackling a very complex issue: how to explain something complex simply. This requires certain skills, as not everyone can explain bitcoin simply and clearly to a newbie. Unfortunately, I don't have this talent, and I probably wouldn't bother telling you that bitcoin can't be owned in the traditional sense, and that coins don't actually move between wallets; only ownership information is transferred. I'd start by saying that bitcoin is electronic digital money (the description is taken from the WP), information about which is stored in a distributed (decentralized) public ledger (blockchain), which can be used to buy and sell goods and services without a centralized manager (regulator). Complex? And I warned you about lack of talent. Of course, this cannot be explained simply, and in any case, newcomers will have to be educated for a long time (depending on their level of technical literacy).

[Claudio973]

I will start by breaking everything down about cryptocurrency, you know so many people now since they here Bitcoin they only think of richness and not minding the risk that follows it. Next I will define Bitcoin and or the terminologies in it, it's benefit and disadvantage too. I will also tell him the good and bad of it. How it can make you live a better life if well managed and how it can destroy your livelihood if not well carefully manage. In this way he can understand better.