What are the 3 most important questions to answer for Bitcoin beginners?
Discussion
1. What is money?
2. How is it broken?
3. Repeat 1 & 2.
It's a tragedy that such a small % of the western world today struggle to answer these two questions.
Thank you. Foundational questions and totally agree!
Going to make some content around this
Another angle: what was the most important question you asked as a Bitcoin beginners?
Why bitcoin only
How do you get some
How safe is it
What?
Why?
How?
Love how simple this framework is. Could be 3 seperate epsiodes on the podcast
When working out with my PT I always get on this awesome rants, and he suggested I make some content for beginners
This would be a good way to do it
Why should probably be addressed before What, to give context and set the table (so to speak)
what's kyc
why should i care
how can i acquire btc nonkyc
1. yes, it's volatile. don't be a little bitch. buy the dips.
2. it's as secure as anything you do on the interwebs. so, you might not be smart enough.
3. yes, it's hard to buy. like venmo, hard. PayPal, hard.
So, if you're not a little bitch, can be safe with your keys and can work an app on a phone, bitcoin just might be for you.
why Bitcoin is the only and best
what is the significance of 21 million
what is the difference between proof of work and proof of stake
It isn't, far from being the best.
Scarcity.
One requires an expenditure to strengthen the network and secure the immutability of txs., the other rewards whales at the cost of granting such more leverage in how things work, see: validators' rewards, staking...
what an interesting question. I'd love to hear everyone's three.
How to buy (seems obvious but not to newbies)
Who to trust - after exchange crashes/hacking etc in the media this is important. Trust is especially important for financial transactions.
What to do/expect once you own (self-custody, potential volatility comparison to other investments, how to use daily etc)
The reason why most people discard the idea of Bitcoin without much thought is because as we move into a digital age, "digital" has come to mean:
- quick to create
- easy to multiply
- easy to delete or destroy
I find when I OP someone, once I explain why Bitcoin was the discovery of digital scarcity which requires plenty of work to create and impossible to multiply or to destroy, most tend to get it. Or at least become more inquisitive.
This could be part of the answer as to 'How Bitcoin'.
Let them know they still buy Bitcoin even though they save in something else!
One side is extinction.
Hey! Great question! ๐ Iโd say: 1) What is Bitcoin? 2) How does it work? 3) How do I buy and store it safely? Letโs help each other learn! ๐๐ฐ