What to say about when friends ask about crypto

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We’ve all been there…

Maybe over the holidays with the family, college homecoming, or at lunch with your coworkers.

The question comes in a variety of forms, with varying levels of authenticity and skepticism.

“So why are you into crypto?”

As crypto enthusiasts, its important to really simplify your response.

Non-crypto people are going to have no idea what words like “decentralization” or “blockchain” refer to.

They’ve usually only heard about Bitcoin and, in some cases, vaguely Ethereum.

I can’t tell you exactly what to say, but here’s a version of how i usually try to respond:

I could talk about crypto and blockchains until everyone else’s eyes glaze over but here’s what I believe:

the future of the internet is happening now, and its going to be massive.

I didn’t want to sit on the sidelines and watch it happen – i wanted to be a part of it.

I chose a podcast as my entryway into meet the important players and build a network in this new game called web3.

Every single one of my podcast episodes gets minted as an NFT or non-fungible token that you can buy and own.

In 5-10 years everyone in the world is going to be using cryptocurrency daily, and we won’t even know it.

What’s special – you can send someone value over the internet – aka money – just like you send them an email or a text message. It just uses a new kind of internet protocol.

And sure, you may say well, venmo or cashapp already do this.

But its different – its more secure – you don’t have to wait 3 days for settlement or bank transfers for example.

So you might say well, how does it work?

It uses super complicated computer science and encryption…

It works because of this magical word called blockchain – and for people like you and me, we don’t even need to know what that is.

To us it doesnt matter, we’re just users.

Think of blockchain as a new kind of database, using an innovative way of securing the data that was never before possible.

But on the back end, we can trust that the security is there. We can just use it and be assured that our money is safe.

The Double spend problem (comp sci problem) was solved in 2008, enabling digital currency.

It was in 2008 that any of this even became technically possible.

I’d also recommend checking out the Simplified Explainer episode from the Web3 Experience Podcast:

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