How to make laymen understand BTC mining in seconds? Expand your market!

When people have been studying a field for a long time, or are very professional in an industry, many people will fall into a vicious circle. When they talk to ordinary people, especially outsiders, about things in their own field, others don't understand. Sometimes, even though they have good intentions and know that something is good and want to share or recommend it to others, others are not interested.

Especially those of us who work on blockchain, especially those who work on Bitcoin mining. If someone asks you what you mine, coal? Iron? Or something else?

Let's talk about blockchain. Many people start by talking about distributed ledgers, node confirmation, and trust mechanisms. The listeners' heads become bigger, which means the effect is better. There is also a "powerful but unclear" effect. What's more, after the talk, nothing is left in people's minds.

So how to make others understand what you say depends on how the speaker speaks, and you cannot expect the listener to be a genius. Today, let’s talk about how to share blockchain, BTC and mining with others in understandable words.

First of all, how to talk about blockchain? First, according to the level and interest of the target audience, you must clearly know what you want to express. What ordinary people care about is, first, what is this thing? What is its use? Second, what benefits will it bring to you? Can you make money? Third, is this illegal? Can you do it?

Then we have to make it clear that blockchain is a technology that solves the problem of trust; it is a new but promising industry, and those who engage in it can get good results; the country also attaches great importance to it, and there are many people engaged in it now, and it has developed well in the country.

I don't use professional terms during the presentation. For example, I'm going to talk about a blockchain work scenario. Ten people are eating melon in a room. After they finish eating, they go out and when someone asks them about it, six or more people raise their hands and say, "At a certain time in a certain year, ten of us were eating melon in this room." The fact was broadcasted globally and recorded. No matter when in the future, it can be checked that ten people were eating melon in that room at that time. Even if one or two people want to falsify the facts, they cannot change the facts. That's how blockchain works.

What about BTC? It is virtual and we cannot get it out, right? How can we explain it? It is still the same. First, we need to define it, then we can talk about its benefits and whether we can play with it.

First of all, BTC is a virtual currency. Many people must not understand this. You just say that the essence of currency is not a piece of paper. Just like the RMB, it is a piece of paper on the surface, but in fact it is because the government gives it trust and it is widely circulated. You can buy things everywhere and others recognize it.

Let's say we know each other, and you open a cake shop, and I can go to your shop to taste your cake for free. At this time, I am using face recognition. Within our company, my face has credibility, and it can circulate in your shop and can be used as money. So Bitcoin is like this, many people all over the world recognize it, it has credibility, it can circulate in many countries around the world, and it can be exchanged for money at any time; then talk about how much it has increased, how much the average annual appreciation is, and that everyone who plays has made money, so that others will be willing to continue chatting.

Let’s talk about “mining” next. Similarly, we need to first define mining, then talk about the work scenario and investment returns, and then talk about whether it can be done.

In fact, mining is the easiest thing to explain if you can define it and explain the working scenario clearly. Mining is the process of using computers to calculate and obtain BTC. Every BTC is mined, and there are mining machines, mining farms, and mining pools behind it.

A mining machine is just a computer, a professional computer.

A mining farm is a power-consuming enterprise that stores computers and provides a centralized operating environment for the computers.

A mining pool is a software platform, just like Alipay, used for services and settlement.

The mining process is to buy some computers, put them in the computer room to work, get BTC and sell them to make money. It is a good investment with an average annualized return of more than 15% over two years. Moreover, at present, investing in any other entity cannot get such good and stable returns.

After all, when the person you are facing hears about an industry, this industry is just one of 360 industries for him. He is not sensitive to it and is not likely to be interested in it immediately. You have to simplify it so that his cognition resonates!

The above is what we talked about today. How about it? If you say this in the future, you will no longer be afraid of being treated as an outsider by your relatives and friends at home.