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Ask HN: How do it explain Bitcoin to my dad?
Out of the blue, my dad called my yesterday to know more about bitcoins. I did my best but I am pretty sure I fell short of explaining it clearly. I used the standard buzz words: crypto-currency, mining, 21 M coins limit, asset vs currency, etc but fell far short of sustaining his interest after the first 2 mins of my monologue.
How should I explain like I would to a 10-year-old?
- ColinWright 9y agoIt depends a lot on why he wants to know, what he wants to do, and how much detail he's looking for. Look, I did a search for you: https://www.google.co.uk/search?q=bitcoin+eli5 https://www.google.co.uk/search?q=bitcoin+eli5 Since I have an irrational hatred of Reddit[0] I then followed it up with this: https://www.google.co.uk/search?q=bitcoin+eli5+-reddit https://www.google.co.uk/search?q=bitcoin+eli5+-reddit This seems to be the best explanation. https://medium.freecodecamp.org/explain-bitcoin-like-im-five-73b4257ac833 https://medium.freecodecamp.org/explain-bitcoin-like-im-five... Here's another with a different slant: https://medium.com/@suchconor/eli5-how-does-bitcoin-work-29eadc989369 https://medium.com/@suchconor/eli5-how-does-bitcoin-work-29e... Hope that helps. Will you return and tell us how you got on? ======== [0] It's irrational - don't try to understand it or convince me otherwise.
- ry4n413 9y ago"It's like Paypal"
- billconan 9y agomaybe this is easier https://medium.com/@shiyan/bitcoin-in-comic-ded553a57dfb https://medium.com/@shiyan/bitcoin-in-comic-ded553a57dfb