Dos and Don’ts of Talking Bitcoin with Noobs

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If you’re reading this article, there’s a good chance you know a thing or two about bitcoin. You can prognosticate about prices and harangue about hash rates with the best of ‘em. Despite that, you’re still part of a minority, at least according to Bloomberg. Fewer than half of Americans know what bitcoin even is, and those who do have vastly different levels of knowledge. Effective communication will change that. Here are a few guidelines for conversing about bitcoin. Don’t get technical. Don’t assume that your interlocutor knows what you’re talking about. Especially at the beginning of a conversation, always over-communicate and reiterate. If you were selling a car, you wouldn’t start by belaboring a detailed verbal schematic of the inner workings of the internal combustion engine. Rather, you’d focus on what the car can do for the consumer—its advantages, its features, and its ability to increase quality of life. Likewise, unless you’re chatting with a developer, software engineer, or someone with an understanding of cryptography, shy away from the technical processes that empower the blockchain. In the same vein, overly complicated discussions about economics—Austrian or otherwise—are best reserved for circles where that type of specialized pursuit is an acceptable topic …