Today, my mom asked me what I thought of bitcoin, and what was it. I told her that it was a cyrptocurrency, and started to explain block chains. I got about a minute in, and realized that I don't fully understand them, so I was just like. They are kinda like a stock, nothing really behind them, just people accepting it for having value. If that conversations was not hard enough. I then I told her that I was invested in something called steem, and steem power, with steem backed dollars. All this was based on how much you earned for blogging and how much you had in steem power. This was the look I got from her.
I am going to have to do a little research and get a presentation set up. I haven't used power point in years. But it should be fun to try. Any suggestions on the easiest way to explain it. I did not even bring up smart media tokens, that would have just confused the issue even more. She would have probably thought that is was a AI program, and that Skynet was aware.
I'm sure my parents have heard of bitcoin but don't really understand it. Luckily they haven't asked me so I haven't had to explain 😂
Ya It is just one of those things, I know what it is, but the words are hard.
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Do this @bigram13 Ask her where the money comes from when she uses her Credit Card.
Then tell her "Credit Cards ~ They are kinda like a stock, nothing really behind them, just people accepting it for having value." lol
ya pretty close, Most stocks if the company would go under. would get nothing. All the bond holders and creditors have first crack at the assests.
Ya exactly ~ with cryptocurrency's like Steem, BTC, LTC if you hold your private keys in my opinion way better then Gold/Silver/ and Stocks which are very hard to liquidate or spend more of a (hard asset store of value)...
I have avoid (ico's and altcoins) these are more like funding businesses without any proof of concept- reminds me of the 90's with the Dotcom frenzy when any idea was an IPO... lol
nice post
HAPPY NIGHT..FRIENDS ,, CHOOSE YOU TO BE YOUR FRIENDS IN THIS STEEMITE PROGRAM
hahahahahha really good picture
This is a unique conversation, you explain to a loving mother. about the world of cryptocurrency, really you are very wise ..
I don't know if I would say that.
Just try to explain. Maybe he will understand, and continue to support you, my friend. 😊
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Yeah, impossible!