Best explanation you've got...
As crypto enthusiasts, from time to time I'm sure we have all had the problem of trying to explain our passion to someone whose eyes glaze over like a fresh donut.
While I have heard a number of good analogies, and read some good articles (like "How to explain Bitcoin to a 7 year old"), I am still at a loss with most people explaining what blockchain is and why blockchain technologies and digital currency are such game changers. Can we try to crowd source an answer that would give some sort of simplified, unified explanation of cryptocurrency and blockchain to the average brother, coworker, or uncle? Something with concrete examples that would stand them half a chance of actually grasping the content without having to be versed in computer code or algorithms. I realize this may be an impossible task and I may just be tilting at windmills, but if anyone can tackle this challenge, I think this is the right group.
Please share your best analogies and explanations, thanks !
Steem seems to be the one that I talk to most people about, simply because it's relatable. People don't want to think about finances a lot, but they don't mind talking about posting and blogging.
The way I try to explain the blockchain through steem is as follows:
The blockchain is like a huge public database, that everyone hosts and no one owns. When you enter data into this database - no one else can edit it, no one can delete it, and it can be cryptographically proven that you were the one who put it there. That didn't exist before the blockchain, and still really doesn't exist anywhere else besides it.
It's not the best hook because most people don't get how important this stuff is, but it's been my approach with fellow non-blockchain devs/ops guys.
Yes that's the kind of analogy i was looking for..here's the other one that sort of nails the jello to the wall for me, ..
There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
Just say it's internet money.