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Do you think this 'simple' explanation would be adequate for someone without a CS related background strong enough to understand hashing or the difficulty of re
by hueving 10y ago
Do you think this 'simple' explanation would be adequate for someone without a CS related background strong enough to understand hashing or the difficulty of reversing crypto hashing? What about explaining why people can't fake transactions?
- Jach 10y agoDoes it need to be? Most people don't know anything about the underpinnings of the bank and credit card systems. I talk about btc as pseudonymous digital cash first (and the tradeoffs of consumer/producer benefits that entails), mention its capability for more (escrow, 'programmable money', store of value, signatures...) next, and give my best go at explaining what I know of the more complicated details of the implementation only to people really interested. It's fun to try metaphors (and there are a lot, even just around asymmetric encryption) for those without the tech background but I don't think it's very fruitful.