How do you explain bitcoin to your grandma, or … you know … anybody? Most of my conversations go something like this:
“Dusten, what is bitcoin?”
“It’s a type of digital currency.”
“What does that mean?”
“Basically, it’s lines of code that people use for money online.”
“Why?”
“I don’t know.”
If you want to sound smarter than me, consider the following infographic from our pals at WhoIsHostingThis. It breaks down bitcoin in such a way that even your grandparents can understand it (even the very special cases who haven’t quite figured out the whole “texting” thing yet). Check it out below:
[Image: zcopley, h/t: best infographics]
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