Everyone's talking about Bitcoin: how to join the discussion
Region: Europe
Jan 2, 2018, 12:00:43 PM Published By Wirex Team
Everyone - news outlets, politicians, prominent figures in the financial industry, your grandma - seems to be talking about Bitcoin at the moment.
Maybe your family discussed it over Christmas dinner, or youve seen friends chattering about it on Facebook.
Cryptocurrencies are steadily becoming mainstream, as growing numbers of people understand and use them.
Some people predict that in a matter of years, digital money will replace cash, while others forecast that they will at the very least become a big part of our lives.
If everyone around you is talking about Bitcoin, its natural to want to join the discussion.
Heres how to ensure you have something to say:
Get the basics right
The best place to start is by making sure you understand the basics of Bitcoin. Youll have a hard time discussing higher level ideas and concepts if you havent grasped the fundamentals. Start by looking at theanswers to common questions about Bitcoin(and some more), correcting some prevailingmisconceptions, learning someinteresting facts, and researching cryptocurrency vocabulary. Some of the other vital concepts include:- What exactly Bitcoins are
- How they are mined
- What the Blockchain is and how it works
- How Bitcoins are stored
- How the value of Bitcoin has evolved
- The basics of the original Bitcoinwhite paper.