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Author Topic: Best way to explain bitcoin isnt "fake"?  (Read 3035 times)
nkocevar (OP)
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April 17, 2014, 12:36:14 AM
 #1

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

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April 17, 2014, 12:41:03 AM
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What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Simple.  I open my blockchain app, send some BTC to my bitpay address, and then show the other person the text message I receive seconds later indicating the amount of USD credited to my bank account.  That usually grabs their attention.
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April 17, 2014, 12:42:04 AM
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I will answer you with a question:  do you really understand bitcoins?  why do you value bitcoins?
byt411
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April 17, 2014, 12:43:04 AM
 #4

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Okay.
What is the best way to explain that bitcoin is "fake" or "imaginary"?
nkocevar (OP)
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April 17, 2014, 12:43:29 AM
 #5

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Simple.  I open my blockchain app, send some BTC to my bitpay address, and then show the other person the text message I receive seconds later indicating the amount of USD credited to my bank account.  That usually grabs their attention.

Yes but that hasn't changed his stance. He still says its fictitious and that it was doomed from the start because it is not "real" and you cant hold it in your hand.

nkocevar (OP)
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April 17, 2014, 12:44:38 AM
 #6

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Okay.
What is the best way to explain that bitcoin is "fake" or "imaginary"?

Apparently the only argument he has is that you cant hold it in your hand.

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April 17, 2014, 12:45:06 AM
 #7

What about showing them some major businesses/websites that accept payment in bitcoin? Like overstock.com is a good example...
Joshuar
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April 17, 2014, 12:45:34 AM
 #8

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Simple.  I open my blockchain app, send some BTC to my bitpay address, and then show the other person the text message I receive seconds later indicating the amount of USD credited to my bank account.  That usually grabs their attention.

Yes but that hasn't changed his stance. He still says its fictitious and that it was doomed from the start because it is not "real" and you cant hold it in your hand.

So then according to your friend that'll mean any money on his paypal account isn't real, credit won't be real, the internet isn't real... Tongue

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nkocevar (OP)
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April 17, 2014, 12:46:50 AM
 #9

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Simple.  I open my blockchain app, send some BTC to my bitpay address, and then show the other person the text message I receive seconds later indicating the amount of USD credited to my bank account.  That usually grabs their attention.

Yes but that hasn't changed his stance. He still says its fictitious and that it was doomed from the start because it is not "real" and you cant hold it in your hand.

So then according to your friend that'll mean any money on his paypal account isn't real, credit won't be real, the internet isn't real... Tongue

Oh I like that one Smiley xD

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April 17, 2014, 12:47:26 AM
 #10

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Okay.
What is the best way to explain that bitcoin is "fake" or "imaginary"?

Apparently the only argument he has is that you cant hold it in your hand.

You could say that your cash deposited in the bank is "fake" and "imaginary". The bank can just "confiscate" it, like it was done in Cyprus.
If I go to a forex broker and ask him to invest in some gold for me, do I get the gold? No. I get a paper saying that I own it, but all I can hold is the paper.
Tell your friend to stop being so materialistic.
nkocevar (OP)
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April 17, 2014, 12:47:44 AM
 #11

What about showing them some major businesses/websites that accept payment in bitcoin? Like overstock.com is a good example...

I'll try that tomorrow. Any other examples? Also what about major investors?

byt411
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April 17, 2014, 12:50:08 AM
 #12

What about showing them some major businesses/websites that accept payment in bitcoin? Like overstock.com is a good example...

I'll try that tomorrow. Any other examples? Also what about major investors?

http://www.coindesk.com/us-federal-reserve-official-says-hes-interested-bitcoin-technology/

Also, you could buy him a physical bitcoin.
beatljuice
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April 17, 2014, 12:55:26 AM
 #13

Even the dollars in his bank account aren't "real" dollars. The money is just loans based on loans based on even more loans. Only about 10% of the money in banks is actually backed by "real" dollars.
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April 17, 2014, 12:56:29 AM
 #14

What about showing them some major businesses/websites that accept payment in bitcoin? Like overstock.com is a good example...

I'll try that tomorrow. Any other examples? Also what about major investors?

Also what about showing him the news about the IRS defining it as property and explaining how tax on it will work? I mean seriously, how much "proof" does this dbag need?
nkocevar (OP)
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April 17, 2014, 12:56:49 AM
 #15

What about showing them some major businesses/websites that accept payment in bitcoin? Like overstock.com is a good example...

I'll try that tomorrow. Any other examples? Also what about major investors?

http://www.coindesk.com/us-federal-reserve-official-says-hes-interested-bitcoin-technology/

Also, you could buy him a physical bitcoin.

Yea where am I gonna get 2.5 BTC for a physical BTC

nkocevar (OP)
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April 17, 2014, 12:57:45 AM
 #16

What about showing them some major businesses/websites that accept payment in bitcoin? Like overstock.com is a good example...

I'll try that tomorrow. Any other examples? Also what about major investors?

Also what about showing him the news about the IRS defining it as property and explaining how tax on it will work? I mean seriously, how much "proof" does this dbag need?

I was also talking about how the IRS is trying to tax bitcoin. I think tomorrow i'll slam him with all these arguments. Maybe then he will become a bitliever

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April 17, 2014, 12:59:16 AM
 #17

I'll try that tomorrow. Any other examples? Also what about major investors?

The Winklevoss twins are one of the more heavily publicized large investors in Bitcoin. If your friend doesn't know who the Winklevoss twins are tell him to go do some reading.
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April 17, 2014, 01:00:54 AM
 #18

What is the best way to explain that bitcoin isnt "fake" or "imaginary" to one who is ignorant about bitcoin and very close-minded? Yes I know it is sort of "imaginary", but there has to be some argument for it.

Okay.
What is the best way to explain that bitcoin is "fake" or "imaginary"?

Apparently the only argument he has is that you cant hold it in your hand.

You should not hang out with idiots too much, move on with your life.

Tell him, internet is not real, only your imaginary, so is his facebook. Delete, then find someone atleast with a brain to hang out with.
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April 17, 2014, 01:02:06 AM
 #19

You can show the transaction history from your bank account...then they will see how baller you are...or are not haha. Not advised if you have overdraft fees lol
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April 17, 2014, 04:27:32 AM
 #20

You show him Bitcoin Jesus:

https://www.youtube.com/watch?v=1cexawnOlR8&index=58&list=PLk1Sqn_f33KuGGqoClnXujXyz1BfUAfrA&noredirect=1


Skip to about 13 minutes to hear Bitcoin Jesus preach.

CharityAuction
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