Viewing a response to: @nonlinearone/what-do-you-think-of-my-answers-to-ten-questions-on-bitcoin-and-blockchain-technology
These are some fantastic answers. I enjoy how you tried to simplify how the blockchain works enough to explain to someone who has no familiarity with the concept. I've struggled to do so in the past, especially with friends and family members who I've tried to explain Steemit to. "But where does the money COME FROM?" they keep asking. Hopefully when I give them your answer they'll understand!
| author | beowulfoflegend |
|---|---|
| permlink | re-nonlinearone-what-do-you-think-of-my-answers-to-ten-questions-on-bitcoin-and-blockchain-technology-20161005t015215246z |
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The "where does the money come from?" question is the one brought back again and again. In the case you have something detailed enough but not too technical to share, don't hesitate :)
| author | lemouth |
|---|---|
| permlink | re-beowulfoflegend-re-nonlinearone-what-do-you-think-of-my-answers-to-ten-questions-on-bitcoin-and-blockchain-technology-20161005t112928281z |
| category | blockchain |
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I usually compare crypto mining to the way fiat currency is printed by central banks. It's an imperfect illustration, but the closest analogy I can find.
| author | beowulfoflegend |
|---|---|
| permlink | re-lemouth-re-beowulfoflegend-re-nonlinearone-what-do-you-think-of-my-answers-to-ten-questions-on-bitcoin-and-blockchain-technology-20161005t130409129z |
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I agree. But for most people I talk with, the typical answer is "I can touch the bills, not the cryptocoins". This require some level of abstraction that many people do not have.
| author | lemouth |
|---|---|
| permlink | re-beowulfoflegend-re-lemouth-re-beowulfoflegend-re-nonlinearone-what-do-you-think-of-my-answers-to-ten-questions-on-bitcoin-and-blockchain-technology-20161005t191451411z |
| category | blockchain |
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