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Ask HN: How do it explain Bitcoin to my dad?

3 points by kopos ↗ HN
Out of the blue, my dad called my yesterday to know more about bitcoins. I did my best but I am pretty sure I fell short of explaining it clearly. I used the standard buzz words: crypto-currency, mining, 21 M coins limit, asset vs currency, etc but fell far short of sustaining his interest after the first 2 mins of my monologue.

How should I explain like I would to a 10-year-old?

3 comments

[ 3.2 ms ] story [ 14.1 ms ] thread
ColinWright
It depends a lot on why he wants to know, what he wants to do, and how much detail he's looking for.

Look, I did a search for you:

https://www.google.co.uk/search?q=bitcoin+eli5

Since I have an irrational hatred of Reddit[0] I then followed it up with this:

https://www.google.co.uk/search?q=bitcoin+eli5+-reddit

This seems to be the best explanation.

https://medium.freecodecamp.org/explain-bitcoin-like-im-five...

Here's another with a different slant:

https://medium.com/@suchconor/eli5-how-does-bitcoin-work-29e...

Hope that helps. Will you return and tell us how you got on?

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[0] It's irrational - don't try to understand it or convince me otherwise.