How do you explain to someone that Bitcoin and crypto-currencies have value? My father is a successful businessman and entrepreneur, but he believes Bitcoin is a ponzi scheme which has no real value.
He has asked me to explain how Bitcoin has value, and it's difficult to explain how it has value other than by people putting their confidence in it, and by major companies like Microsoft and Dell accepting it as payment.
He says if you can't explain something simply, you don't understand it completely.
My mother, on the other hand, is more of a risk taker. She has given me some money to invest in Bitcoin for her. She has told me not to tell my father though lol.
I've told my father that he should invest in Bitcoin, I've also suggested that his businesses should accept Bitcoin as payment.
Can anyone help me out with this conundrum? :)
