Hi everyone,
I’m trying to explain Bitcoin in a very simple way, without price talk or technical jargon.
My goal is to help beginners understand:
– why Bitcoin exists
– what problem it solves
– why scarcity matters
Before sharing it publicly, I’d love feedback from this community:
• What beginners usually misunderstand?
• What should be explained first?
• What would you simplify even more?
Thanks 🙏
Trying to explain Bitcoin simply — feedback welcome
byu/DimitriJutras inBitcoinBeginners
Posted by DimitriJutras
2 Comments
Beginners usually misunderstand ownership. They usually think you need an “account” with some platform to own Bitcoin (like with other assets). It would be good to explain that the Bitcoin network isn’t controlled by any single entity, and that access to your coins only depends on possessing the private key to an address that has received coins of yours.
I’d also explain that mining is essentially guessing the right number – none of this “solving complex mathematical problems” touted by the media, which makes it seem much more complicated than it is.
>why Bitcoin exists
Bitcoin is scarce, decentralized, and global digital money that cannot be censored that is open and controlled by its users.
>what problem it solves
Money for those being deplatformed and unbanked
Preventing unethical Civil and Asset forfeiture
Preventing Censorship of free association on who one can do business with
Better Privacy and Security in ones wealth
Timestamping ledger for mathematically provable timestamps for contracts and documents
Smart contract protocol
First form of money that can directly be owned and controlled by AI and code
Payment rail for better international settlement
Disinflationary Money that cannot be manipulated by central bankers and devalued with monetary inflation