RE: Difficultly conveying what digital currencies are and why they matter

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Difficultly conveying what digital currencies are and why they matter

in cryptocurrency •  7 years ago 

post for editing sake

  1. My parents recently visited, we had many interesting conversations during their stay; a few were on the topic of digital currency. [original] change to: My parents recently visited. We had many interesting conversations during their stay. Some were on the topic of digital currency.

  2. During these, which I have to stress the point that my parents are not "comfortable with technology" I had difficultly conveying what cryptocurrencies were and why they matter. [original] change to: During these conversations [insert em dash] which I have to stress the point that my parents are not "comfortable with technology" [insert em dash] I had difficultly conveying what cryptocurrencies were and why they matter.

  3. Initially, I felt it a good place to start with defining fiat money; noting that it didn't really represent anything of intrinsic value, other than a decree that defines it as "legal tender. [original] change to: Initially, I felt it a good place to start with defining fiat money, noting that it didn't really represent anything of intrinsic value other than a decree that defines it as "legal tender".

  4. This opened the dialog around "well, you can spend dollars"; considering, My interest in digital currency as a long-term investment I thought it wise to side-step the aspect of day-trading for short term gains and decided to focus my effort on how digital currency may soon be a more reliable medium for exchange. [original] change to: This opened the dialog around, "well, you can spend dollars." Considering my interest in digital currency as a long-term investment, I thought it wise to side-step discussing the aspect of day-trading for short term gains. I decided instead to focus my effort on how digital currency may soon be a more reliable medium for exchange.

consider this line of thinking to a greater length. what did your parents say? were you able to make a comparison or a contrast of digital currencies with something irl they are familiar with and also lends itself well to be a stand-in analogy for explaining the concept to someone with little exposure to the topic

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