So today I found out that I really don't know what bitcoin is.
It's not so much that I don't know what is - I think. I mean - I have a basic and general understanding that it is a digital currency built on top of a technology called the blockchain. In my head - it all makes sense. But when I try to explain it to someone else - something gets lost in translation and the right words never seem to make it out of my mouth. By the time I finish explaining - I'm even more confused myself about what bitcoin is.
So here I am - I buy , sell , mine, and lend bitcoin as well as a couple of other altcoins - but I still cannot explain comprehensively exactly what it is and how it derives true value. As such, I realized that I need to find a way to distill it down to something very simple that anyone can understand. I haven't come up with anything yet - but I'm going to develop it. In business we call it the "elevator pitch" - you should be able to explain your business concept to people quickly , concisely and in the time it takes for an elevator to deliver you to your floor - it's basically a 30 second pitch called the elevator pitch and I need to find a way to make bitcoin fit into a nice digestible soundbite.
I'm wondering if other crypto enthusiasts have the same problem. I tend to forget that what I know now is a culmination of reading up and studying many articles and getting on board to many different concepts to get to my current limited understanding of it - so to take all of that and squeeze it into a quick 1-minute lesson is not as easy as it sounds at first.
It's important that I figure it out though because when I talk to someone that doesn't know about it yet - this is my opportunity to expose them to something amazing - but if I flub it up - then I may turn them away from it for years. If I do it right , then I can help to promote the platform and bring more understanding to it. Also -it is very difficult to promote Steemit without being able to discuss what cryptocurrency is - so before I even begin a discussion about Steemit - I need to to know that they have a basic understanding of what cryptocurrency even is. So I am on a mission to find the easiest way to explain it to the non initiated in a way that doesn't confuse them or me.
If any of you have any ideas or suggestions for me - I am open to listening to all of them. In the meantime - when I finally develop what I think is a good elevator pitch for it , I will post it here for those of you having the same problem and you can use that as way to make it easier on your friends and family.
Please be sure to check out my others articles on real estate, investing , and cryptocurrency ( and some other random dog stuff)
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