Describe crypto currency to me in simple terms, as if I were your grandma

Describe crypto currency to me in simple terms, as if I were your grandma.

Pro tip: you can’t because you’re all dumb frauds

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en.wikipedia.org/wiki/Rai_stones
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Ok, let me just start with my necromancer chant to revive her from the dead.

FAGGOT :(

brappers be like: peeeop ppoooopfhh

it’s like a big record that cant be changed by anyone.

computer stamps

Hey grams, member how you put your life savings in cash under your mattress because you don’t trust the banks? It’s like that but more secure.

My point exactly
Enjoy your internet funny money. I’ll be retiring at 35 after investing in a variety of diversified funds and saving my shekels like a smart boy.

en.wikipedia.org/wiki/Rai_stones

> Describe the internet in simple terms

You can't do it without sounding like a retard.

Bitcoin is a distributed ledger system that can't be fucked with by anyone.

It’s like running a generator to solve sudokus that you can use to buy heroin

you hodl a key, to that key you have value assigned, why the key you can move the value

Describe FIAT currency to me in simple terms, as if I were your grandma.

Pro tip: you can’t because you are a dumb fraud

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99% of population, biz included, doesnt understand how an engine or electrical devices work, imagine the internet or payment processors or transistors they use daily. Crypto can be mainstream and still be understood by a minority.

i feel like the op is like a Roschach test and we’re all just replying to our own insecurities here. Like one guy tries to explain in simplified terms decentralised distributed ledger tech while another user is saying that a limited understanding wont impede adoption, while still another guy is actually trying to simplify how one can assign value to or mint the coins. I think actually most replies were pretty effective and yet the op wasnt having any of it, so i call PSYOP GLOW NIGGER GAMES.

>implying I didn't retire after 2017
kek, you better get a good night's sleep and wake up nice early, dont want to miss the unpaid pre shift meeting.

It's money in the form of data that's hard to steal or counterfeit because of the way that it's programmed.

This

Mathematical internet coins
Monopoly money

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It's a list of transactions that isn't stored in any one place so you don't have to trust anyone like a bank to register the transaction for you. The technology is being tested using currency but when fully developed it can replace most bureaucracy and middle men.

Pyramid Scheme

Only description worth anything thus far. Grammy nods her head and says “hmm”

>your cousin Elton works at the bank though, and he’s such a nice boy

It's natively digital cash, grandma.
So when you send your grand kids birthday money, you don't have to share your banking information with strangers.

funnymoney

Checked, based, and hi-IQ-pilled