Please don’t try to explain Bitcoin at parties (unless you know what you’re talking about)
Unless you’re drinking your flat whites under a rock, you’re likely seeing a lot of news about Bitcoin, it’s current exchange rate against the US Dollar, blockchain and it’s various applications, etc. You might even be getting sick of hearing about it (or, perhaps you’re sitting there earning hundreds or thousands of dollars per day from it). Either way, I must make one request of you, dear reader…
Please do not spread misinformation about blockchain and cryptocurrency. If someone asks you about these things and you don’t know, say so. They won’t think less of you. Explain to them that you too are interested in these things but that you still need to do more research before you’re willing to explain it to them. They’ll even respect you for being honest. Don’t make it up based on a few headlines or tweets you’ve read. If you are going to try to explain these things to people, especially youth, please dive in and get a deep understanding of some of these more complex technologies before you begin explaining them.
I think I’ve caught myself a few times, in recent conversation, going just a little bit further than my own knowledge and regretting it. I feel I have a fair understanding but I’m nowhere near qualified to teach on the subject. Which is why I’m bringing it up here on my blog. Fortunately, most of the conversations I’ve had about these things are with people that are also devouring every bit of information they can about it – and so I don’t think I pointed them in an incorrect direction. But I think we (the nerds among us) can easily misinform others if we begin to describe blockchain and crypto at parties.
So don’t try. Unless you know what you’re talking about.