My students are not understanding bitcoin. What can I do get them to understand??
Because let’s be real, can you explain Bitcoin to someone who’s never questioned what money is?
https://video.nostr.build/29fb58dc0e276a1a3d3dcefc0eba6be53ad8daa49b4df5baaa6b7b7f7f75a4a1.mp4
This article helped me understand it https://dergigi.com/2021/01/14/bitcoin-is-time/
zaps. get them on nostr and allow them to send and recieve zaps :)
Imo to understand Bitcoin a person needs to understand why fiat money doesn't work first. Stuff like this.
Once someone understands the above it's almost impossible that he wont grasp how and why Bitcoin is the better money.
The new "Fiatello" video has a lot in there, from Saife to Booth to Alden, all in the form of easy to follow diagrams. It lowers the IQ threshold to click quite a bit. Amazing work.
It’s not really your money (ie control) in a fiat world where you earn in a currency that can be created out of thin air to fund deficits. #Bitcoin is fixed, there will never be more than 21 million. So your saved money is protected because what you earn doesn’t get destroyed out of your control. That means savings hold on to their value and make life better over long term!
If I learned bitcoin while chained by the powerless situation of childhood I'd get really frustrated for not being abble to obtain it.
Try to avoid the technical part and how to use it between users at first. Introduce them to the reasons of why stuff prices go up over time; explain that it is because fiat currency can be printed out indefinitely by governments which causes its value to go down, making you to give more of your currency to buy the same stuff.
Then introduce them to the concept of scarcity (without bringing up bitcoin yet); why the things that are more scarce tend to be exponentially more valuable over time (collectibles like limited art or car versions, some commodities, etc). After that, when they understand the concept of scarcity and value, bring bitcoin up and tell them about its finite supply; make a comparison between the examples above and bitcoin, “if those items are valuable because they’re relatively scarce, imagine something finite like bitcoin” kind of speech.
Then you can start introducing them on how bitcoin works from a basic level technical approach, and how it’s supply cap is fixed and its mining rate can’t be accelerated besides more miners trying to get it.
I hope this can give you some ideas.
I see a school coming in the future. I see Isa bitcoin curriculum being the norm across countries. 🦾🦾🦾
