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While Bill Gates, the co-founder of Microsoft, investor and philanthropist defined Bitcoin as “It is a technological tour de forceâ€, Eric Schmidt, the Executive Chairman of Google termed it as “[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that†– But we asked how everyone thinks and defined bitcoin as.
Specifically, we asked the crypto community what are the two easiest ways to explain Bitcoin to grandfather and a 7-Year-Old Child, and answers to this question were quite wonderful. Here it goes;
- 7 Year Old Child: You can sell your toy for bitcoin and wait a few months and those Bitcoins can buy you more toys. The more you wait the more toys you get.
- Digital Gold valued by people & traded over the internet.
- 7 Year Old Child: Bitcoin is a digital candy which is owned by every child in the world and has no shop other kids exchange these limited digital candies for different types of candies.
- Grandfather: Bitcoin is horse shit. 7-year-old child: Bitcoin is sort of a digital poopsie slime. Nice to play with it for one time, then you have throw it away and buy a toy which you will play with for years $XRP.
- If you’ve given a chance to explain bitcoin to grandfather and a 7-Year-Old Child, here’s a window to push your comment out!