Could you explain what Bitcoin is in a non-technical way that my mother / father / grandparents could understand?

This question is from the (rescheduled) April Patreon Q&A session, which took place on May 5th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

Note: No offense intended to the all the Bitcoin mums around the world who need no explanation for how this technology works or why it matters.

RELATED:
Introduction to Bitcoin – https://youtu.be/l1si5ZWLgy0
Bitcoin for Beginners – https://youtu.be/UlKZ83REIkA
Blockchain for Beginners – https://youtu.be/i9nUMvpT2rM
The Stories We Tell About Money – https://youtu.be/ONvg9SbauMg
Bitcoin, Payment Security, and Consumer Protection – https://youtu.be/qMkGfB8X58o
Highlights: The Internet of Money, Volume 2 – https://youtu.be/Qkjm5E5BeB8
Measuring Success: Price or Principle – https://youtu.be/mPMsbgWl9p4
Decentralized Globalisation – https://youtu.be/QoiR4aNbTOw
Bitcoin For Beginners Playlist – https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj
Consensus and Forkology Playlist – https://www.youtube.com/playlist?list=PLPQwGV1aLnTvgdxHfhgEYhyX10YTxQS-M
Where can I buy and spend bitcoin? – https://youtu.be/RPR5dtmXnY8
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

Subscribe to the channel to learn more about Bitcoin & open blockchains!

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25 COMMENTS

  1. Hey @aantonop! PewDiePie is advertising a streaming service with strong crypto-component to his 93 mil subs. Can you please explain, how Lino blockchain is utilizing open sources projects Tendermint and Cosmos. The consensus algorithm is called "PBFT based PoS". There will be a lot of people on this, and this is, most likely, will be their first actual experience with crypto. Should we be worried, or is this legit good old open decentralized not in any way premined coin?

  2. hi aantonop. anyway question you focus alot on the 2 billion people whom dont have bank accounts. so question is how do they buy this bitcoin without a normal bank. are you counting on the bitcoin cash machines that are popping up around the world. alot off the 2 billion must be in africa and there are very few machines there so how are these 2 billion going to join us?

  3. He didn't explain anything. He just said "it's digital currency". I'm sure people know it's a digital currency. What they want to know is: what gives it value? is it stable and why? security?

    Literally said nothing important in those 6 minutes.

  4. Good, but next challenge: Explain how Bitcoin actually WORKS, to my mother.

    (In the above, Andreas only explains the uses and advantages of Bitcoin over other currency systems, which is the relatively easy part)

  5. ezpz
    "Bitcoin is a currency with all the benefits of being digital and decentralized, and it's purchasing power cannot be stolen by banks, through inflation."
    Where's my prize?

  6. First off, I like this. The following is meant to be constructive. I actually have my own experience with my mother trying to explain blockchain currencies. She looked at me with a glazed look in her eyes and just said "yes". The next week she came to our house and said that a man on the radio (he was obviously smarter than I am) was talking about bitcoin and he explained that it is simply a "Public Ledger". She says she understands that. I said yes, that's part of what I said. However, I have to admit, I never used the word "ledger". So… my 2 cents is… if you are going to have a video of explaining this subject to mothers (or older people in general) you HAVE to use the word "ledger" at least once. My apologies if I missed you saying that but I don't think I heard it in your video. Again, I like your work. This is just a suggestion. Thanks.

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