What is Bitcoin for Grandmas

Last updated on March 18th, 2015 at 04:54 pm

Yesterday the first virtual Bitcoin expo ended. It was a pretty neat idea where people from all over the world convened in a virtual room and heard lectures from top Bitcoiners. I also attended this conference and gave a presentation about Bitcoin for beginners.

The beauty of this presentation is that you can give it to your grandma and she’ll probably understand what Bitcoin is. So here’s my talk, feel free to pass it around to whoever is asking about Bitcoin.

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

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12 Comments on "What is Bitcoin for Grandmas"

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Kurah Bako Benedict
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Kurah Bako Benedict

There are challengyes faced as an African and a begginer in bit coins evolution. How do I earn legit bit coin through rendering of services and how do I get my earnings?

Kurah Bako Benedict
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Kurah Bako Benedict

I developed interest in bit coin after a seminar I attended in the capital city of Abuja of Nigeria.
As an economiCD and marketing enthusiast I find the bit coin interesting particularly to me as a young African that seek for faster and reliable means of exchange in a developed world and system.

Junior
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Junior

Great video. I have 1 request

You recently did a video about Coinbase vs Circle.

Could you also do one which examines the various bitcoin exchanges where you can buy higher amounts via bank transfer?

Specifically looking at exchanges which have reputable board member (now that the Mt. Gox debacle has made people wary).

Thanks

Ofir one
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Ofir one

I’ll probably do something like this soon as I’m starting to review exchanges on a regular basis. Thanks for the feedback.

Sandra
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Sandra

Watched your video and subscribed – thanks for the Bitcoins! My very first ones! Yuppii!

Ofir one
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Ofir one

You’re welcome :)

David Rodriguez
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David Rodriguez

I’m very curios what will happen in 3-5 years from now with our regular currencies? Will they lose a lot of ground to digital ones? Will they become extinct and used in less than 10% of transactions? Will it take a lot more than 5 years for digital currencies to take over?

Meni Rosenfeld
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Meni Rosenfeld

It should take ~20 years for digital currencies to dominate traditional ones.

Ofir one
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Ofir one

I think we’re looking at a realllllyyy slow progress here. Fiat currencies are here for a long time, but they may start “borrowing” some of Bitcoin’s aspects. Meaning we’ll see a lot more forms of digital (and hopefully decentralized) payment

Marc
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Marc

Thanks for explaining this in simple terms so even a dummy like me
can get it :))!

Aiden Davis
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Aiden Davis

I kind of agree with you that digital money seems the way to go, but I still can’t let go of the physical money I can touch and feel! I just feel better knowing I have some “hard” cash in my pockets. I’m also using Bitcoins but like good, old money very much.

Neil
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Neil

I watched your video and then had my 7 year old watch it as well. Amazingly, he didn’t get bored (which is a first) and he understood pretty much everything from what you said and by asking me a couple of questions. So, I would say you did a great job explaining this ;).

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