I have been on a recent mission to help educate my friends about cryptocurrency, Bitcoin, blockchain etc. and it is not always an easy thing to accomplish! The whole cryptocurrency thing is hard to explain, it's very technical, and there are a lot of moving components. This makes mainstream adoption difficult, but when you think about it EVERYTHING works like this!
People use things every day and they don't have the slightest clue how they work or why they work, just that they work and they need them. Maybe some day cryptocurrency will be like this, but I think for now really explaining a revolutionary technology with infinite possibilities like blockchain and cryptocurrencies can go a long way.
Can you make money with Bitcoin? Can investing in it in the longer term give you great returns? Is it possible to cash out or pay for daily things with Bitcoin? YES to all these things, but there is so much more behind the technology. I created this infographic for complete beginners just as a quick visual way to get an overview of what Bitcoin is.
Hopefully this infographic is helpful to people new to Bitcoin and cryptocurrenices in general. Feel free to share with your friends too!