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RE: How To Explain Bitcoin To Your Grandparents - The Simple Way To Wrap Your Head Around Bitcoin
Nice explanation. I find, however, that certain people just refuse to believe that Bitcoin can have value when it is only backed by a mathematical premise. No matter what you say, many believe that "real" money is being held in a vault somewhere and each coin represents a portion of it. Of course, the same people usually cannot grasp that fiat money is based on a political promise, and not backed by gold, or other hard asset.