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Crindon (OP)
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April 06, 2014, 05:55:46 PM |
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How do your friends and family react when you tell them about altcoins? Do they think you are nuts? Have they excommunicated you already? Do they genuinely want to hear more?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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tokyoghetto
Legendary
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Activity: 1232
Merit: 1000
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April 06, 2014, 06:12:19 PM |
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They ask me why I haven't cashed out yet...I ask them why would I do something stupid like that?
It may take a long time before they understand.
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Nxtblg
Legendary
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Activity: 924
Merit: 1000
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April 06, 2014, 06:18:32 PM |
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My dad think all cybers are jokes, including Bitcoin. From this, you can infer his age and social standing.  |
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Mr. Net
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April 06, 2014, 06:32:18 PM |
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They hope I make even more money!
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Money Is Information
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Schwarzalbert
Newbie
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Activity: 51
Merit: 0
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April 07, 2014, 12:56:12 AM |
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Last time my mother asked me why I don't spend my money for charity. She can't understand at all the value of BTC etc.  |
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MicroGuy
Legendary
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Activity: 2506
Merit: 1030
Twitter @realmicroguy
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April 07, 2014, 01:03:59 AM |
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How do your friends and family react when you tell them about altcoins? Do they think you are nuts? Have they excommunicated you already? Do they genuinely want to hear more?
When my son earns money at home he asks to be paid in Goldcoin. My mom is an altcoin investor. And the rest of my family is pretty much oblivious in general.  |
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catoshi
Member
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Activity: 112
Merit: 10
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April 07, 2014, 01:05:33 AM |
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When I first told my grandma about CATcoin she was like this  |
CATS RULE - DOGS DRULE!
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 07, 2014, 02:40:46 AM |
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When I first told my grandma about CATcoin she was like this LOL  Time to take a break..... |
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Rulishix
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April 07, 2014, 02:42:54 AM |
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Friends didn't understand and family definitely won't understand so just leave them out of it until it pops up on the news then clue them in.
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PhattyBanks
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April 07, 2014, 02:51:15 AM |
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my dad bought 50 bitcoins when they were $1 he has been watching Max Keiser for years
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Vicodin
Full Member
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Activity: 226
Merit: 100
Power the World for FREE
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April 07, 2014, 03:25:24 AM |
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They think I've lost it. They ask over and over, so where are the actual coins? So there are no actual coins? So you have nothing?
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 07, 2014, 04:31:24 AM |
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They think I've lost it. They ask over and over, so where are the actual coins? So there are no actual coins? So you have nothing?
Tell them "Most of the money on Earth only exists inside the computers of big banks, so you actually have nothing. I have something that the Gov cannot inflate every year." |
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KingSchultz
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April 07, 2014, 04:42:54 AM |
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Close family was nervous until the first time I cashed some out, then supportive. Extended family, I avoid the topic like the plague. With their level of technological understanding I would have to form study groups for them to ever get my point across. Friends are generally supportive. I've told them what I've made so far, but I can tell they don't really think I will make more money from it because a few of them are in really good positions to invest but aren't at all interested. However, I'm generally not comfortable preaching about investments, so I've done very little convincing.
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 07, 2014, 06:08:30 AM |
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Show them this, and you will have no problems  |
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BitOnyx
Member
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Activity: 112
Merit: 10
Cryptocurrencies Exchange
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April 07, 2014, 07:54:03 AM |
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Thy like the way how transactions work. Besides right now altcoins are much easier to describe, since you just say "Something like bitcoin but more modern" |
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eightspaces
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April 07, 2014, 07:59:42 AM |
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How do your friends and family react when you tell them about altcoins? Do they think you are nuts? Have they excommunicated you already? Do they genuinely want to hear more?
"when will you cash this pump shit currency out to real money to pay the bills?" |
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 07, 2014, 08:02:45 AM |
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Altcoins don't suffer from the extremely bad media coverage......until you mention "it's similar to Bitcoin." Thy like the way how transactions work. Besides right now altcoins are much easier to describe, since you just say "Something like bitcoin but more modern" Yes, altcoins didn't go bankrupt the way Bitcoin did.  |
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bumpk1nK
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April 07, 2014, 08:13:08 AM |
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Friends understand altcoins dont matter, only most used coin can be successfull, it is the same with other things as well (OS, politic, ...)
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dc98wdHhcjkwleHUnBce8gd87teibN9ys38y3uTgsHG02e9-ok my keyboard works!
Insurance is a ripoff.
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Catswold
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April 07, 2014, 01:20:32 PM |
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Usually they politely attempt to look interested--in some cases actually are interested--but gradually their eyes glaze over and they move on to other topics.
They aren't even prepared for the concept, not really. The concept is too abstract for most people. Add to that the distrust most people have in things they don't understand--especially anything computer related--and you get skepticism and dismissal.
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bitbaby
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April 07, 2014, 02:16:44 PM |
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They think I am riding on Panda Express!
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