pull down to refresh
31 sats \ 3 replies \ @SimpleStacker 21 Aug \ on: How to explain Bitcoin to a significant other? bitcoin
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.
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