7 Analogies That Simplify Bitcoin, Blockchain & Other Cryptocurrencies
Cryptonalogies that make everything simple
Think of a train. No, think of a boat. Yeah a boat. Actually, never mind. Think of a few thousand virtual piggy banks simultaneously solving sudoku puzzles. Digital gold. A slice of pizza.
Hm, maybe this explains it:
That intro was heavily inspired by Rachel Withers, an amazing cryptocurrency and tech writer from Australia. She abhors Bitcoin analogies — or “cryptonalogies” as some have dubbed.
Analogies do become tiresome in the cryptocurrency space. Especially when analogies turn into 3,000-word monsters on Reddit. Additionally many in the community can’t even decide the purpose of Bitcoin: Is it a store of value? No, it’s digital money. How about Web 3.0 or a stance against censorship?
Bitcoin, moreover, cryptocurrency is a bottomless pit. However, along the way you do pick up a few analogies that reinforce complex ideas.
