Oddbean new post about login | logout I’m meeting someone this morning for coffee and they’re bitcoin-curious. Whenever I have these chats there’s often the Q: “What exactly is #bitcoin ?” And the answers always sound a bit awkward: - Internet-native money - Digital gold - Money perfected How would you answer? https://m.primal.net/JlEm.jpg
You can try to meet them where they're at and see what they know about it. If they only heard some FUD, you can help dispell it. Or if they just have some misunderstandings, you can clear it up. But to me, Bitcoin is digital property that is stable, secure, and trustworthy. Stable because it ticks along block after block with no deviation. Secure because you can hold your keys offline with traditional security practices. And trustworthy because you are in control of your funds without having to trust that someone isn't cheating you.
The title of the white paper is pretty straight forward https://nostpic.com/media/b3435ebf2bda2bddd3b3d500261c5a000cd92a6b39d6d2b40d5a57c6d6df0c43/93cd9aa4e6a94617347fffb5b8ba21140950721067f2b863515f6251c98ab06c.webp
Hello- As a beginner btcer, I do treat it as a currency, just as $ or euro yen etc. It has a hedge against inflation. "btc is a property" or "gold" are bit vague statements. Probably because I haven't read the recommended books such as "btc standard" what exactly "property" or "gold" mean is too abstract for me.
Depends on the crowd down there in Mendo you're probably talking to retirees? just explaining "a digital asset" is probably a good starting point. then if they continue to be interested you can get into online value transfer. that would be my MO anyway
