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If you’ve ever had trouble explaining #Bitcoin 
to someone, you’re not alone.
Some tips:
Ditch complex definitions & jargon
Meet people where they stand
Use words & concepts they already grasp
0/ Here's a thread of the best teachers with the most intuitive explanations.
to someone, you’re not alone.Some tips:
Ditch complex definitions & jargonMeet people where they standUse words & concepts they already grasp0/ Here's a thread of the best teachers with the most intuitive explanations.
1/ 'The platypus was so distinct that scientists had to create a new animal category... The platypus was a category creator.'
'Bitcoin is very similar. It exhibits characteristics that cross asset classes: currency, commodity, stock, technology platform.'
- @CremeDeLaCrypto
'Bitcoin is very similar. It exhibits characteristics that cross asset classes: currency, commodity, stock, technology platform.'
- @CremeDeLaCrypto
2/ ‘Bitcoin’s monetary policy does not bend for anyone: it gives zero fucks.
And in a world where central banks can “just add zeros”..., people’s only hope is a “zero fucks” money…’
- @Breedlove22
The Number Zero & Bitcoin: https://bit.ly/3ftscq0
And in a world where central banks can “just add zeros”..., people’s only hope is a “zero fucks” money…’
- @Breedlove22
The Number Zero & Bitcoin: https://bit.ly/3ftscq0
3/ ‘ #Bitcoin serves as a monetary lifeboat for people forced to transact and save in monetary media constantly debased by governments’ (p.212)
The Bitcoin Standard by @saifedean
serves as a monetary lifeboat for people forced to transact and save in monetary media constantly debased by governments’ (p.212)The Bitcoin Standard by @saifedean
4/ ‘Bitcoin represents the explicit encoding of previously implicit values* of the tech community. It's not just software- it's a Schelling point and a symbol.’
- @balajis
*intrinsically internationalist, agents of hyper-deflation, quietly revolutionary
https://bit.ly/2UQ0D2s
- @balajis
*intrinsically internationalist, agents of hyper-deflation, quietly revolutionary
https://bit.ly/2UQ0D2s
5/ ‘..the Bitcoin protocol grows & changes as its users change, ultimately controlled by no one.
Bitcoin, is nothing more than a common lingua franca, enabling multiple parties to communicate usefully with each other.’
The Bitcoin Big Bang by @BKBrianKelly
Bitcoin, is nothing more than a common lingua franca, enabling multiple parties to communicate usefully with each other.’
The Bitcoin Big Bang by @BKBrianKelly
6/ 'Bitcoin is the single best hedge against the traditional financial infrastructure...
Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress.'
- @chamath
Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress.'
- @chamath
7/ 'It’s kind of like a land-grab phase where you know this is going to get big… and you know it’s very scarce, so, let’s just stake our claim and then see what’s going to be built on top of it, later.'
- @TuurDemeester
- @TuurDemeester
8/ 'Bitcoin’s PoW is the buyer of last resort for all electricity, creating a floor that incentivizes the building of new energy producing plants around disparate energy sources that would have otherwise been left untapped.'
'PoW is about physics, not code.'
- @danheld
'PoW is about physics, not code.'
- @danheld
9/ Bitcoin has made ‘money completely independent of the underlying transport medium and turned it into a stand-alone content type.'
'A transaction can be transmitted over any form of communication medium.'
The Internet of Money by @aantonop
'A transaction can be transmitted over any form of communication medium.'
The Internet of Money by @aantonop
10/ Bitcoin as the numeraire- the global base unit of account.
'It's a whole different discount rate trying to outpace a deflationary currency... few understand that today, but they will learn...either through experience or by following the right people.'
- @PrestonPysh
'It's a whole different discount rate trying to outpace a deflationary currency... few understand that today, but they will learn...either through experience or by following the right people.'
- @PrestonPysh
11/ 'If you’re hedging against uncertainty, then you want to hold the least uncertain asset possible...
Bitcoin, with halvings and with the difficulty adjustment, it really has the least uncertain monetary policy.'
- @pierre_rochard
Bitcoin, with halvings and with the difficulty adjustment, it really has the least uncertain monetary policy.'
- @pierre_rochard
12/ ‘Skeptics will keep jeering about the ‘year of retail Bitcoin adoption’ while the underpinnings of the entire financial system get swapped out from beneath their feet.’
- @lopp
- @lopp
13/ " #Bitcoin is a fast growing country in cyberspace with a population of sovereign individuals who prefer to use BTC for storing wealth and doing transactions:
- population 3M (#134 largest of the world)
- monetary base $200B (#21 largest globally)"
- @100trillionUSD
is a fast growing country in cyberspace with a population of sovereign individuals who prefer to use BTC for storing wealth and doing transactions:- population 3M (#134 largest of the world)
- monetary base $200B (#21 largest globally)"
- @100trillionUSD
14/ “Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals.
..I think it has the greatest chance of being the Internet’s native currency. If you think of the internet as you would a country, that’s huge.”
- @jack
..I think it has the greatest chance of being the Internet’s native currency. If you think of the internet as you would a country, that’s huge.”
- @jack
15/ "Many label it as a speculative pyramid scheme - without realizing that all government-printed money is such."
"Bitcoin is insurance against politicians."
- @naval
"Bitcoin is insurance against politicians."
- @naval
16/ Paul Buchheit is credited with creating Gmail and developing the prototype for Google's AdSense.
"Bitcoin may be the TCP/IP of money."
- @paultoo
"Bitcoin may be the TCP/IP of money."
- @paultoo
