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neonshium
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September 28, 2015, 05:10:09 AM
 #61

Simple way to understand bitcoin must be wikipedia. Bitcoin also has it own wiki reference.
https://en.bitcoin.it/wiki/Main_Page
This resource will get us the full picture of bitcoin. Once we start using bitcoin then we can easily understand how bitcoin works.
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September 28, 2015, 08:07:09 PM
 #62

There are so many articles and videos are available on the internet. Anyone can get all the information regarding bitcoins and it is easily available and simple to understand. There is a forum for the beginners in the Bitcoin Forum section, one can also check wikipedia and Youtube for more detailed information. 
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September 29, 2015, 01:56:48 AM
 #63

How to Explain Bitcoin to a 7-Year-Old

I’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.

There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.

The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.


Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.

First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.

Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.

Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.

“So where do the coins come from? How did it start? Who got the first coins?”

There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.

“Ok, couldn’t someone make their own fake coins?”

No,because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.

“Who made the robot..?”

Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.

“… Crazy.”


Explaining it to kids could be more appropriate if I just say it is a internet money used to buy stuffs you want online, simple as that.
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September 29, 2015, 05:09:44 AM
 #64

The better way to understand how bitcoin is working would be getting some faucet and earn some bitcoin from it. When you reach cash out level get it into a new wallet. This way I first interact with bitcoin. Now I'm not a master still. But I believe I have enough knowledge on bitcoin.
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September 29, 2015, 06:26:29 AM
 #65

How to Explain Bitcoin to a 7-Year-Old

I’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.

There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.

The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.


Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.

First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.

Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.

Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.

“So where do the coins come from? How did it start? Who got the first coins?”

There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.

“Ok, couldn’t someone make their own fake coins?”

No,because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.

“Who made the robot..?”

Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.

“… Crazy.”

Biticoin is widely used everywhere, like it is the phone, atms across the globe and it is getting more popular in time.
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October 01, 2015, 02:51:35 PM
 #66

Get in touch with any veteran bitcoin users online.
Just to earn bitcoin and save it for long time does not require any depth knowledge. So, you need not worry for understanding bitcoin completely.
Start using bitcoin in regular basis will get us to understand bitcoin in most of the areas. So, understanding bitcoin is an easy task.

 
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October 03, 2015, 05:38:13 AM
 #67

Simple way to understand bitcoin would be using it.
When we started using bitcoin questions will automatically raises i our mind. Then we can find solutions and answers in internet to a better understanding.
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October 03, 2015, 05:52:42 AM
 #68

Personally I don't think we need to make them go through all these. The best way to learn is still by finding out themselves through mistakes, hardship and experiences. If it's good and has the value eventually people will start to accept it. Most adults are ignorant because they haven't gone through the trouble but in countries where you get your money frozen, from there you will start to realize how valuable bitcoin is.

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October 03, 2015, 07:44:05 AM
 #69

Personally I don't think we need to make them go through all these. The best way to learn is still by finding out themselves through mistakes, hardship and experiences. If it's good and has the value eventually people will start to accept it. Most adults are ignorant because they haven't gone through the trouble but in countries where you get your money frozen, from there you will start to realize how valuable bitcoin is.

Mistakes are the good teacher, I agree. But making mistake in higher level like bitcoin environment would be not advisable. It's too risky. I see many people failed to watch their auto set fee for sending payment and included more than what they were sending. So, basic knowledge on bitcoin is must before start using.

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October 03, 2015, 03:22:14 PM
 #70

I think this explanation is not only good for kids, i will be using this description to teach my colleagues who are interested in earning online. Thanks for wonderful and easy explanation.

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October 03, 2015, 04:12:43 PM
 #71

in fact there is one thing that can make us understand about bitcoin easily, that is by playing trading, then you will find out all kinds of coins and what bitcoin advantage of all altcoin
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October 06, 2015, 03:24:45 PM
 #72

Simple way to understand bitcoin must be wikipedia. Bitcoin also has it own wiki reference.
https://en.bitcoin.it/wiki/Main_Page
This resource will get us the full picture of bitcoin. Once we start using bitcoin then we can easily understand how bitcoin works.

I don't think so. Wikipedia is a wonderful tool to learn everything about bitcoin but it is in the same time the most difficult to learn about it. There are to many things which are professional things that cannot be understand by everyone but only from the specialists of the field. Then there are to many jumps with links from one conception or explanation to another which can confuse much people who hear for the first time about bitcoin.
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December 11, 2015, 03:48:42 AM
 #73

I think way to explain it is just same as we introduced money to them, just tell them its like money in the bank,

you have it but you can see it physically, tell them where can they buy things using bitcoin how to check their account

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December 11, 2015, 10:03:48 AM
 #74

good try,i think that childern is smart child,some question are briliant. and i also think,every question from old people or childern will different,but have same point. so if we can explain to child,we also can explain to old people. its not easy to explain what bitcoin is,to my parents.

 
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December 11, 2015, 10:07:34 AM
 #75

Our trouble isn't explaining this to children, they'll be able to learn about it on their own, the trouble is the grown adults who are in total denial about it.

Yeah the old ones are very denial about it, but bitcoin is a future money so is beter to teach the new generation or let them now about bitcoin. So that in 2016 and in the future a lot of people will use bitcoin.
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December 11, 2015, 11:04:13 AM
 #76

in fact there is one thing that can make us understand about bitcoin easily, that is by playing trading, then you will find out all kinds of coins and what bitcoin advantage of all altcoin
Thats right. a trader can better know the ins and outs of bitcoin, such as coins specification, of course they are a great analyst,
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December 11, 2015, 01:12:46 PM
 #77

in fact there is one thing that can make us understand about bitcoin easily, that is by playing trading, then you will find out all kinds of coins and what bitcoin advantage of all altcoin
Thats right. a trader can better know the ins and outs of bitcoin, such as coins specification, of course they are a great analyst,

To understand bitcoin better you need not to be a trader.
All the above, you never need to understand each and every aspects of bitcoin system to use it. Just how a wallet works and sending/receiving bitcoin is more than enough to make yourself as a bitcoiner.

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December 11, 2015, 01:17:51 PM
 #78

in fact there is one thing that can make us understand about bitcoin easily, that is by playing trading, then you will find out all kinds of coins and what bitcoin advantage of all altcoin
Thats right. a trader can better know the ins and outs of bitcoin, such as coins specification, of course they are a great analyst,

Trading the bitcoin or alt coins may make you richer but never will give you the knowledge on bitcoin ecosystem. To understand bitcoin better, we need to use this forum more effectively. I believe this forum is more than enough for understanding bitcoin and it's all environments.
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December 12, 2015, 10:50:45 AM
 #79

You know what's even harder? Trying to explain bitcoin to someone who isn't really comfortable with technology, aka an elderly person.

You forgot hashing power. The more hashing power you have, the more piggy banks you have, therefore giving you a higher chance of winning the "lottery".
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December 13, 2015, 07:49:13 PM
 #80

You know what's even harder? Trying to explain bitcoin to someone who isn't really comfortable with technology, aka an elderly person.

You forgot hashing power. The more hashing power you have, the more piggy banks you have, therefore giving you a higher chance of winning the "lottery".

That is why bitcoin is not really for the elderly, you need to tell the new generation that they will use bitcoin.
So that a lot of people will use bitcoin and later a lot of shop will it use too.
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