Bitcoin is basically a decentralized ledger book that anyone can write on, yet somehow everyone trusts.
This usually leads to two possible questions:
A. Why is that useful? To which you can get into the monetary economics of why we need Bitcoin.
or
B. How did it do that? To which you can explain mining and the blockchain.
This is my typical approach to explaining Bitcoin to anyone.
reply
What if they feel more comfortable with something more stable like the US dollar?
reply
Given Bitcoin's high potential to become a defacto global reserve currency, I'd say it'd be irresponsible not to hold on to at least a little of it.
You don't have to put your entire net worth into Bitcoin, but it'd be foolish not to hold at least some.
reply
I agree but hard to explain to a normie.
reply
The way I showed her is through action. I booked her a ticket to El Salvador with me and also a Bitcoin conference. She was naturally curious, so from there she was pretty much orange pilled.
reply
Legend
reply
As Odell says; Mandibles, then Bitcoin Standard.
Which is short for: you buy them The Mandibles and they read it. It opens their eyes to the fragility of the fiat system, the misery that will come its downfall and how being prepared for it might change your life dramatically. Then you buy them The Bitcoin Standard, and they realize how the dystopia of The Mandibles need not to be, and how they can use Bitcoin to both protect themselves from the chaos as well as to generally make the world a better place for all.
More generally, I advise not to discuss Bitcoin, but rather to rant on the issues of the traditional financial system. You don't appreciate antidotes if you don't think you are poisoned.
reply
Most women don’t want to think about money or how things work…it’s a bell curve but the odds are against you.
reply
They don’t want you to lose all your money on what they perceive as a risky asset.
reply
when they need it, they will call u
reply
It is the ground floor of money. What else is there to explain?
reply
What if they think it’s gambling and too risky?
reply
A portfolio of of 95 percent traditional stocks and bonds with 5 percent bitcoin is far less risky with far greater potential upside than 100 percent stocks/bonds. But it sounds like from your other comments your significant other does not want to have a productive conversation and learn about bitcoin, which is understandable, so until then my advice would be not being it up and to politely steer the conversation to other topics if they bring it up.
reply
Just like gold? It rises and falls during times of crisis.
reply
Most people are more comfortable with gold even though they don’t really understand why it has value either.
reply
Its not your job to force them to take a risk they arent comfortable with. It only brings resentment. Tell them the facts and then let them decide.
reply
What if they want you to sell?
reply
Tell her no with smile and don’t discuss it again unless she shows willingness to support you.
reply
Its not your job to sell them anything. If they cant understand what bitcoin is, its not their time. Maybe in a few years it will be, after the price rises.
reply
deleted by author
reply
Can you explain to them firstly how the debt based fiat monetary system operates? It is a lot easier to understand Bitcoin if you first understand how the fiat debt slavery monetary system we currently have imposed upon us operates- and the vast majority of people don't.
reply
What if they think it is just magic internet money backed by nothing?
reply
If you understand and can explain how fiat money works then you should be able to explain what Bitcoin is and how it differs from fiat money. Your question suggests you understand neither and certainly cannot explain them both. Read The Bitcoin Standard to gain that understanding. https://z-epub.com/book/the-bitcoin-standard-epub-download
reply
Take a $50 from each check and tell her its for your Motorcycle, then DCA buy bitcoin and put in her wallet, 6-12 months later show her how much she has. Then try to talk her out of it....lol
reply
10 sats \ 0 replies \ @fm 21 Aug
Start with the problem first, The solution after.
What is money How money is created Then, fix the money fix the world
This are the basic steps, might take some time though
reply
I explain it to normies usually like this: If Gold and the Internet would have a baby, it would be Bitcoin. In another thread here on SN I explained it with sending cash trustless to someone remote without a third party involved.
reply
or like this:
reply
How to provide more context in a post to elicit useful comments?
reply