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Author Topic: How To Explain Bitcoin To Your Grandparents  (Read 3416 times)
oceans
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July 31, 2014, 01:27:48 PM
 #41

I would not want to be the one to explain what bitcoins were to my grandparents. That sounds like a task and a half right there just thinking about it. My grandparents hardly understand technology at best so explaining something that needs technology would more than likely go straight over their head.
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July 31, 2014, 03:35:31 PM
 #42

where's the original source for this sheet?  I want to link to it from my site.

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July 31, 2014, 08:40:04 PM
 #43

i don't even bother explaining bitcoin to my mom.. she just can't understand what it is and how it works.
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August 08, 2014, 02:15:42 AM
 #44

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.
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August 08, 2014, 06:14:43 PM
 #45

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?

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August 08, 2014, 06:22:58 PM
 #46

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?
I guess you are trying to say that the USD is backed by war.

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August 08, 2014, 06:23:46 PM
 #47

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?

I'm not sure if there was a joke somewhere in there, but here's the explanation.

At one point of time USD was backed by gold (or silver?) but anymore there's so much inflation that its backed by the simple usage of it.
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August 08, 2014, 06:54:42 PM
 #48

Yet another ageist thread. They are always very annoying reading for this long-time grandparent.

I'm sorry to hear that many of you have such dense grandparents though. Such conditions are often hereditary, but it is unwise to confound correlation with causality (hint).

Hey kids - did I ever tell you about the time I found two BTC blocks using nVidia cards? Back before the reward halving split in 2012, of course. True story!

Heh.


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August 09, 2014, 12:49:26 AM
 #49

I have legitimately used this with my family. Why is it so hard for people to understand the concept of currency (meaning that bitcoin is a currency)? Bitcoin is backed by the same thing as USD... hope.

I thought USD was backed by aircraft carriers?

I'm not sure if there was a joke somewhere in there, but here's the explanation.

At one point of time USD was backed by gold (or silver?) but anymore there's so much inflation that its backed by the simple usage of it.

It's backed by the threat of regime change.

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August 09, 2014, 12:50:45 AM
 #50

Yet another ageist thread. They are always very annoying reading for this long-time grandparent.

I'm sorry to hear that many of you have such dense grandparents though. Such conditions are often hereditary, but it is unwise to confound correlation with causality (hint).

Hey kids - did I ever tell you about the time I found two BTC blocks using nVidia cards? Back before the reward halving split in 2012, of course. True story!

Heh.

Could you get it up without viagra back in 2012?

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August 09, 2014, 10:50:20 AM
 #51

This does not explain bitcoin to anyone who doesn't already understand bitcoin
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August 09, 2014, 11:06:04 AM
 #52

This is very difficult task, really.
If they use Internet maybe they can understand concept of Bitcoin.
If not, just told them that Bitcoin is the ''future money'' and if they invest their money now in bitcoin, they will earn a lot Smiley

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August 09, 2014, 11:31:20 AM
 #53

"Once you have paid"

A chargeback is not possible if using $, ¥, £ or €. Only when using a third party, like a bank, or a credit card, is this possible. Try charging back a cash expenditure.
Mr Tea
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August 09, 2014, 11:35:53 AM
 #54

I really cannot even imagine beginning to try and explain bitcoin to my grandparents. My nan can't even work a mobile phone and my grandad tries his best with a computer but is pretty hopless, though I don't blame them really.

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August 09, 2014, 11:41:49 AM
 #55

I really think you're trying to do a nice thing here. But if you're initially explaining Bitcoin to people totally unfamiliar with it, or even computers, etc. You may be best off leaving out all technical terms and just stick to the basic principle and advantages!

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ChuckStrawberry
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August 09, 2014, 11:47:21 AM
 #56

Bitcoins are backed by products and services? Like a currency is? huh.

Reddit - https://www.reddit.com/r/Soarcoin/
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Intaryna
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August 09, 2014, 12:09:13 PM
 #57

Here's how you can explain it to your grandparents and your kids, as well as anybody else who needs it explained like they're five: "Bitcoin is money that hasn't been widely adopted". The end.
DhaniBoy
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August 09, 2014, 04:27:18 PM
 #58



i will explain this picture diagram to my grandparents, and i hope they will spent a lot of his money in bank to buy bitcoin and invest it.
thank you ...

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Bit_Happy
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August 09, 2014, 09:09:52 PM
 #59

Explain? No.

Murder your grandparents, and melt your inherited fiat into crypto. Win at life.

This statement may be considered my professional financial advice as a Bitcoin Professional(tm).

This "professional financial advice" does NOT represent the views of the typical Bitcoin user.

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August 09, 2014, 09:25:03 PM
 #60

Yet another ageist thread. They are always very annoying reading for this long-time grandparent.

I'm sorry to hear that many of you have such dense grandparents though. Such conditions are often hereditary, but it is unwise to confound correlation with causality (hint).

Hey kids - did I ever tell you about the time I found two BTC blocks using nVidia cards? Back before the reward halving split in 2012, of course. True story!

Heh.




Well, yes it does make assumptions based on age, but really you're just very removed from the norm.
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