How To Explain Bitcoin To Your Grandparents

[oceans]

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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[jonald_fyookball]

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

[beetcoin]

i don't even bother explaining bitcoin to my mom.. she just can't understand what it is and how it works.

[MasterOwel]

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.

[Abdussamad]

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?

[virtualx]

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.

[MasterOwel]

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.

[aigeezer]

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.

[Abdussamad]

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.

[Abdussamad]

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?

[AlPutino]

This does not explain bitcoin to anyone who doesn't already understand bitcoin

[Daniel91]

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

[FlowerMatt]

"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]

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.

[BowieMan]

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!

[ChuckStrawberry]

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

[Intaryna]

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]

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 ...

[Bit_Happy]

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.

[Ektra]

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.