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0 sats \ 1 reply \ @SimpleStacker 23 Aug 2023 \ on: How would you explain Bitcoin to your Grandparents? 🤔 bitcoin
The same way I explain it to anyone: Bitcoin is the world's first decentralized financial ledger that anyone can write to, yet somehow everyone trust.
Then people usually ask:
  1. So what? Why do we need this? In which case you talk about the problems with fiat and the fixed supply of bitcoin.
or
  1. How did it do this? In which case you talk about proof of work.
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0 sats \ 0 replies \ @paralleluni022 OP 29 Aug 2023
Good and realistic explanation, I couldn't agree more. 😄
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