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The difficulty with explaining Bitcoin to people who already thinks we have instant payment methods like cash app.

But they fail to realize the instantaneous final settlement, verifiable, finite unit of account, globally, borderless, versus the dollar denominations they think are theirs ending up in their payment apps.

They might both be numbers on a screen. But one of these things is absolutely not like the other.

plebiANON 2y ago

Explaining final settlement has been one of the biggest challenges I have come up against. I couldn’t explain to a stock investor that his trades aren’t actually “instant” and that they are temporary entries in two parties’ ledgers.

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Discussion

poe😱 2y ago

Even that it is, in fact, a verifiable finite digital unit on an open ledger. That alone is near revelatory. And then you have to start applying that thought and it only gets more insane.

It really is an adjustment. And it often feels like many know this, and would rather pretend it isn't the case, than admit it may be possible.

plebiANON 2y ago

It really is mind blowing. It’s unlike anything man has ever known. Hence the difficulty in explaining.