The best ways to describe Bitcoin to your family over Christmas dinner

Ways to explain Bitcoin to your family over Christmas dinner

Have yourself a very Bitcoin Christmas Credit: Innovative Commons/Namecoin F orget last year’s heated Brexit arguments, for many households the Christmasdinner discussion will undoubtedly rely on one subject: Bitcoin. Cryptocurrencies have been the miracle financial investment of 2017, but Uncle George and Auntie Irene simply cannot wrap their heads around it. They’ve been awaiting months to ask a younger relative about it.This scenario is not just likely, it has actually currently taken place. Thanksgiving Bitcoin discussions in November are thought to have actually been a big part of the digital currency’s meteoric increase in the last month. Avoid being captured out while carving the turkey – and leading your relatives to financial ruin – with this handy question and answer template.

What is it?Let’s start simple. Bitcoins are internet cash. You can’t carry them around. You’re probably not getting them under the tree, and if you are, they will remain in the form of a piece of paper with a code like …

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