Any tips on explaining why people should use bitcoin? \ stacker news ~bitcoin

Any tips on explaining why people should use bitcoin?

2079 sats \ 16 comments \ @IroncladDev 13 Nov 2023 bitcoin

I just started working in the Bitcoin field, and the more I get into it the more awesome it gets.

I'm sure y'all are familiar with people asking about it, and the doubt of its physical presence

I usually start out with

There is no perfect currency
- Since money is physical it can be stolen
- Since bitcoin is digital it relies on the existence of the internet
Gold relies on people using it & bitcoin relies on people using it
Gov't is inflating fiat, value drops over time
Limited supply & increasing demand will ensure the value of bitcoin goes up

And then I get stuck after I get through all these

Y'all got any tips, or experience getting your grandma to get rollin' with it?

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116 sats \ 1 reply \ @DarthCoin 13 Nov 2023

Here:

0 sats \ 0 replies \ @IroncladDev OP 13 Nov 2023

Thanks, will give these a read!

96 sats \ 2 replies \ @piecover 14 Nov 2023

Saifedean Explain it better than I could here https://twitter.com/ronin21btc/status/1724162903220027808

5 sats \ 0 replies \ @IroncladDev OP 14 Nov 2023

Wow, that really makes sense

Financial Gunpowder is an amazing way to put it

5 sats \ 0 replies \ @nemo 14 Nov 2023

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37 sats \ 0 replies \ @fiatdenier 14 Nov 2023

Things will get cheaper over time with Bitcoin and more expensive with fiat

15 sats \ 0 replies \ @911 14 Nov 2023

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1 sat \ 1 reply \ @Zepasta 13 Nov 2023

They have to learn from themselfs. They will learn eventually.

1 sat \ 0 replies \ @IroncladDev OP 13 Nov 2023

Partially true, but they gotta trust it before they start

0 sats \ 0 replies \ @Sasquatch 14 Nov 2023

That's a tough one. I've been trying for a few years now, and depends on the resistance that the person is giving. If they are interested to have a conversation and want to learn, then you can ask them what questions they have. My supervisor told BTC is going to zero. I should have reponded with, "why is Blackrock making an application for an ETF"?

0 sats \ 0 replies \ @Jon_Hodl 14 Nov 2023

What has worked best for me is to figure out what they need and then show them how bitcoin can help with with specific tools.

So far, all of the tools mentioned in this article have been the most effective for me.

https://www.whatisbitcoin.com/culture/tools-to-orange-pill-friends-family

For a lot of people, just showing them the bitcoin days profitable chart from Look Into Bitcoin is one of the most effective tools because it clearly shows bitcoin's value as a long term savings tool.

0 sats \ 2 replies \ @TheBTCManual 14 Nov 2023

I haven't had the strength to OP anyone in a while but I normally just stick with it won't make you rich it just ensures you don't get poorer over time, your baseline savings increase against currency debasement and then go and do whatever you think you good at to earn money, be that investing, working, creating a business, you're free to pursue income generation opportunities knowing you have a hedge against currency debasement + all the stuff you mentioned as a bonus

0 sats \ 1 reply \ @SpaceHodler 14 Nov 2023

It doesn't ensure you don't get poorer over time, you can still spend like a lunatic and become poor.

But at least if it doesn't steal from you, it allows you to build wealth, because if you save something every month, you get wealthier with each passing month.

So yes, it is a wealth-building tool, as anything that deserves being called money should be.

0 sats \ 0 replies \ @TheBTCManual 14 Nov 2023

100% but I didn't think I need to caveat that you're spending less than you save still applies

0 sats \ 0 replies \ @jgbtc 14 Nov 2023

It's something to save that can't be debased. If that doesn't interest them then move on.

0 sats \ 0 replies \ @piecover 14 Nov 2023

BITCOIN IS HOPE FOR PEOPLE WHO ARE DESPERATE FOR HOPE. DON'T WASTE YOUR TIME TRYING TO EXPLAIN PEOPLE WHO DON'T NEED IT YET. EVENTUALLY EVERYBODY WILL GET #BITCOIN AT THE PRICE/TIME THEY DESERVE IT. I GET YOUR WILLINGNESS TO EXPLAIN AND THAT'S OKAY IF THE PERSON SHOWS INTEREST AND HUMILITY I WOULD TELL THEM: #BITCOIN IS A LEAKPROOF RESERVOIR POWERFUL ENOUGH TO MAINTAIN A 21MILLION MEASURING STICK HARD CAP AND INFINITELY DEEP ENOUGH TO PRESERVE ALL THE ENERGY THIS CIVILIZATION CAN EVER PRODUCE AT ITS MAXIMUM BEST CAPACITY FOR TODAYS AND ITS FUTURE GENERATIONS TO COME. FOR THE FIRST TIME HUMANS ARE ABLE TO PRESERVE THEIR WORK, TIME AND ENERGY FOREVER. SO BITCOIN IS THEIR CHANCE TO PRESERVE THEIR: WEALTH, PROPERTY, EFFORTS, TIME AND ENERGY FOREVER AWAY FROM INFLATION AND EVERY OTHER THEFTS.