I usually explain that Bitcoin is a digital currency that isn't controlled by a central bank or government. I also mention that it allows people to send money directly to each other without relying on traditional financial institutions and it can be much cheaper. For example, Western Union might charge $10 or more to send someone $100, depending on where you're sending it. On the Bitcoin network, the transaction fee could be less than $1, and on Lightning, it could be just a few cents or less. Of course, converting between Bitcoin and regular currency can introduce additional fees but I think it's a much better way to send money.
I also wrote a book called Blockchain Lords: The Battle for Bitcoin, which uses historical fiction to introduce newcomers to Bitcoin and some of the major events in its history. Hopefully, it will help people understand Bitcoin while enjoying a good story. :)
I usually explain that Bitcoin is a digital currency that isn't controlled by a central bank or government. I also mention that it allows people to send money directly to each other without relying on traditional financial institutions and it can be much cheaper. For example, Western Union might charge $10 or more to send someone $100, depending on where you're sending it. On the Bitcoin network, the transaction fee could be less than $1, and on Lightning, it could be just a few cents or less. Of course, converting between Bitcoin and regular currency can introduce additional fees but I think it's a much better way to send money.
I also wrote a book called Blockchain Lords: The Battle for Bitcoin, which uses historical fiction to introduce newcomers to Bitcoin and some of the major events in its history. Hopefully, it will help people understand Bitcoin while enjoying a good story. :)