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Has anybody successfully explained bitcoin to a layman? I have a feeling this video would completely lose my mother.
by jiggy2011 14y ago
Has anybody successfully explained bitcoin to a layman?
I have a feeling this video would completely lose my mother.
- fintler 14y agoI doubt it would be generally successful as a layman's explanation, but here's my attempt. http://www.bringhurst.org/2013/04/03/how-does-bitcoin-crypto-work.html http://www.bringhurst.org/2013/04/03/how-does-bitcoin-crypto...
- nanofortnight 14y agoThis reminds me of an old reddit thread: http://www.reddit.com/r/BitcoinMining/comments/i1xvv/how_does_mining_actually_work/ http://www.reddit.com/r/BitcoinMining/comments/i1xvv/how_doe...
- nijk 14y agoI did. I skipped all the math and just said that is a game where people guess secret numbers that fit a pattern, and when they find one that fits, they get points. Everyone uses computers to help guess, and some people agree to sell real stuff for points. She didn't care enough to challenge my explanation. The hard part of intuitively grasping bitcoin is explaining why money works at all, not why mining works.