You are viewing a single comment's thread from:

RE: How do you explain crypto to your wife?

in The CTP Swarmlast month

Hi I think explaining Crypto is a little easier than explaining what a blockchain is.
I would call it an alternative currency that is not controlled by anyone especially the banks.
It is all digital so there is no physical footprint.
When I explained this to my wife. She did not like the idea of non physical. She said it was like it is imaginary. It is a hard sell if looked at this way.
I got around this by saying that it is good for buying things and should be treated like gold where you only buy what you can afford to lose.
I hope this helps.

Sort:  

Hi I think explaining Crypto is a little easier than explaining what a blockchain is.

This is a very good point. I could hardly explain the blockchain technology accurately if I wanted to. The way I know my wife, I need to be able to tell here only the minimum so that she gets interested and learns by herself. However if I don't manage I think she will give up quickly :-)

Thanks a lot for your comment!

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

When I explained this to my wife. She did not like the idea of non physical. She said it was like it is imaginary. It is a hard sell if looked at this way.

You go to the cinema, pay for the ticket and watch something "non physical" :)

Or, you pay your TV subscription, or mobile fees, etc... I bet that currently, more than 50-60% (or even much more) sold things are non-physical...

!ENGAGE 10

Posted Using LeoFinance Beta

2 credits and 3 bonus credits added