Post by majdist on Oct 6, 2015 6:05:23 GMT
Bitcoin is a new digital currency for online transactions without trusted third party: it is cash on the internet.
How to present Bitcoin to those who are not passionate about technology?
The easiest way is to start from an internet application that anyone can use: the web.
The web is an open protocol ("open source") as bitcoin.
On the web, there are sites (network nodes) and people who surf using a browser (browser) like Internet Explorer, Chrome, Safari etc ..
Anyone can edit a site and everyone can surf the web.
Bitcoin works similar: there Auditors (network nodes, that insiders call "minor") and people who conduct transactions using a purse (wallet).
Everyone can be an auditor ("minor") and everyone can send or receive bitcoins. Basically, Bitcoin is a new application on the Internet that allows to pay corresponding electronically without going through a bank. The use of this new "currency" is comparable to what we do with checks and coins in the physical world so A bitcoin is a kind of digital token that can be infinitely divided into smaller fractions and exchange on the Internet as simply an electronic message. As it can be exchanged against a good or service whose price is expressed in bitcoin, it can also be exchanged against euro with an online exchange desk. An electronic wallet full of bitcoin is a simple file saved on a computer: it must be protected as a traditional wallet against the same risk of theft just with different means. It can be copied at will. Obviously, the backup does not create new bitcoins, nor save your address book does not create new contacts: backup only can most easily found when needed.
How to present Bitcoin to those who are not passionate about technology?
The easiest way is to start from an internet application that anyone can use: the web.
The web is an open protocol ("open source") as bitcoin.
On the web, there are sites (network nodes) and people who surf using a browser (browser) like Internet Explorer, Chrome, Safari etc ..
Anyone can edit a site and everyone can surf the web.
Bitcoin works similar: there Auditors (network nodes, that insiders call "minor") and people who conduct transactions using a purse (wallet).
Everyone can be an auditor ("minor") and everyone can send or receive bitcoins. Basically, Bitcoin is a new application on the Internet that allows to pay corresponding electronically without going through a bank. The use of this new "currency" is comparable to what we do with checks and coins in the physical world so A bitcoin is a kind of digital token that can be infinitely divided into smaller fractions and exchange on the Internet as simply an electronic message. As it can be exchanged against a good or service whose price is expressed in bitcoin, it can also be exchanged against euro with an online exchange desk. An electronic wallet full of bitcoin is a simple file saved on a computer: it must be protected as a traditional wallet against the same risk of theft just with different means. It can be copied at will. Obviously, the backup does not create new bitcoins, nor save your address book does not create new contacts: backup only can most easily found when needed.
