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RE: How do you explain crypto to your wife?

in The CTP Swarm2 months ago

Explaining crypto is a challenge. I think we all "get it" in degrees. For some, it's just "internet money" that you see or send on your phone and that's good enough for them. Some want to know the tech behind how it works. Then you try to explain from there. Some are curious about the money aspect. You often hear the question, "But it's not backed by anything so it's worthless, right?" This starts the conversation about money and fiat and gold and clams and rai blocks and trust and that whole story. As for my wife, it's been a long road. For years I could hardly say "bitcoin" without getting a scoff. Recently, when things really started running up past 10K, 20K, and such, after a big jump of like 10% in one day, I said something like, "Bitcoin made a big move today," my wife said, "Yeah, I know" and I think she quoted the price. I was like, wow! !LUV

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I said something like, "Bitcoin made a big move today," my wife said, "Yeah, I know" and I think she quoted the price. I was like, wow!

It looks that you have done a great job! :) :)

And you are right about the questions that usually "rise up" and when you know more about the crypto (and fiat), it's not that hard to compare them... And these actual bankers are doing us a big favor showing how worthless is fiat money... :)

Thanks for the comment!

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!LUV

Wait, who says fiat paper money is worthless? It has lots of uses in Venezuela: https://www.dailymail.co.uk/news/article-5378769/Street-sellers-make-baskets-Venezuela-bank-notes.html

Wow! Thanks for sharing! I like those StarWars characters on bills... Looks so awesome!

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