My new hobby is trying to explain Bitcoin to my mother.
I’m not very good at it.
When I’m trying to learn something new, it helps me to talk about it and try to explain it to other people as a test of my own understanding. This one is complicated but I’m starting to wrap my mind around it with the help of Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy of the Let’s Talk Bitcoin podcast.
I have to admit, on first listen, it felt a bit like I’d tuned into Coast to Coast. Everything from the music to the delivery had me expecting a late-night Space Lizard call-in hour. Instead, I found myself wrapped up in thoughtful conversations hosted by intelligent people who are also trying to understand what Bitcoin can and will become.
Here’s the episode for new listeners. I think the part with the giant stone coins is particularly helpful.
I’d be happy to hear your perspective on Bitcoin as a network or a currency. I know it’s volatile, I’m not sure if that ever settles down.
I’m most excited about the possibility of using this kind of technology to displace central parties like Google and Facebook from social networking. I’d also be interested in seeing the encrypted public ledger explored as a method for online voting.