How to spread bitcoin awareness — how to convey to your family and others what is bitcoin Bonpay Follow Sep 6, 2017 · 4 min read

Our century is the age of digital technology and innovations. Mankind has reached a new stage of development. And the financial sphere was no exception. In the year 2009, the victorious advance of a new type of money, known as the cryptocurrency, began. The digital currency, Bitcoin — the progenitor, laid the foundation for the emergence of various coins which became an integral part of the world financial system. They won a virtual market of mutual settlements and, despite the lack of physical incarnation, are very popular in the real world.

Reasons for popularity are almost free money transfers between users, wherein is absolutely unimportant at what distance are the sender and receiver from each other. With Bitcoin you can pay in some catering establishments, hotels, buy air tickets, digital content, hosting sites and domains, pay for courses, software, shopping in online stores and taxi services. There are special services that allow you to replenish your phone account with the help of Bitcoin, and a growing number of online casinos enabling to deposit in the cryptocurrency.

On this basis, crypto-currencies, and especially Bitcoin, have every chance to oust traditional financial units from the financial Olympus in the near future.

Lack of awareness

Though not all network users know what the essence of Bitcoin is. Not all knowledge of it lies on the surface. Bitcoin is not just a currency, but a payment system of the same name that operates on its own principles.

Bitcoin did not immediately find its supporters. It took several years to build a foundation of the crypto enthusiasts. Now supporters of this system outweigh opponents.

The value of Bitcoin derives from its network effect: the more participants — the higher is the price.

Namely because of that fact those, who already grasped the pros of Bitcoin, need to spread the knowledge of it through the circle of acquaintances, friends and relatives.

How to spread knowledge about Bitcoin?

Thin end of the wedge in spreading knowledge about Bitcoin would be an explanation what Bitcoin is and what are the possibilities using it.

Realizing the real power capability which Blockchain could bring to the society, adherents of the system would never struggle to explain Bitcoin to their peers.

People need to realize the flaws of the well-known and usual fiat money to understand the improvements Bitcoin has introduced with its appearance. They should know the level and volume of manipulations happening in the fiat system in order to control population’s finances. This can help you to get their interest and vastly increase the advantages, brought by Bitcoin in their eyes.

Spark interest

Certainly, showing videos is the easiest way to teach your close ones about Bitcoin. Videos are usually more effective than a million spoken words as people perceive visual information easier. Choose the video to your liking and present it to your newbie, this may spark their interest.

Moreover, Internet now has multiple articles which explain Bitcoin related technology in general in almost every language. Best case scenario is sparking their interest to make them dig out more information themselves. The supreme art of the teacher is to awaken joy in knowledge and no information has such importance as the one, mined by yourself. Be the sparkle, lighting the fire of interest.

The only true source of knowledge is experience

Knowledge is of no value unless you put it into practice. So the last, but not the least stage of Bitcoin introduction is suggesting a Bitcoin wallet for the newcomer. The type of wallet will depend on their preference to use Bitcoin either on their smartphones or their PC.

Bonpay has both options while it has fully-operated web-version and in future the wallet will be supported by iOS or Android apps that are still in development. With Bonpay wallet you can make your payments as easy, as possible. If you want to start the journey in the world of digital payments — Bonpay would be a good starting point.

A short guide on sending and receiving Bitcoin, showing what confirmations are needed would be helpful as well. Finally you could top up their new shiny wallet with some BTC to display it in practice.

Education is the prerequisite of progress

Today knowledge has power. It controls access to opportunity and progress.

Yes, crypto currencies are an abstract, ethereal concept, difficult to explain to average people. But common fact is the following — people prefer information received from trusted acquainted people, rather than finding it on Google.

Here is perhaps the only proper way to use the word of mouth — as it is a very effective way to convince people on Bitcoin advantages. The double effect is they will probably pass those information to others, so you would be a trigger of spreading knowledge. Spark the interest with creating Bonpay online wallet.