RE: How do you explain crypto to your wife?

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This is how i will explain this to my wife:

Crypto is another form of currency that we can use like normal money to buy some stuff. There are not much shops who accept this form of money right now but there will be a lot in the future.
Just like all the countries have their own money similarly this is money for internet. This money can be used beyond country boundaries and this currency is not printed on paper. It's like using credit/debit card to pay for goods and services.

Hope i did not make it much complex.


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(Edited)

@harpreetjanda your explanation is simple to understand and I believe the person you are explaining it to would definitely understand what you are saying or at least have a clear idea about how cryptos work....


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(Edited)

I will just tell her that "it is a digital cash that is is available for use for everybody but controlled by nobody"....


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That’s also a good point
But this people could be little confused that’s why I start away from this for now.
I would prefer to explain this concept as next phase when one is little comfortable with first definition
Thanks for stopping by and your valuable feedback
!luv 1


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That's a very short version but I agree. In a way it's not more complicated than that :-)

!ENGAGE 20

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That's is very sound and easy way to understand it. I think this is the challenge, how to give only so much information that the person is interested but not overwhelmed!

!ENGAGE 20

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Very true
The one most challenging issue is that we only want to pass in relevant and precise information but we also don’t want to miss out the most important concepts.
So one need to make the balance.
Too much information will overwhelm the listener and they may not engage much and less information will just them too by not giving the correct picture.


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2 credits and 3 bonus credits added

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