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How to explain crypto to senior citizens
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livemint.comA few days ago, my 66-year-old maternal aunt asked me a very simple question: “Beta (son), what is crypto?" Much before her, my mother had asked the same. This is a question I often get asked these days, especially from the middle-aged and the senior citizens.
Other forms of the same question are: Is crypto really a currency? Can I use it to buy stuff from my neighbourhood kiranawalla? If it’s a currency, why are people buying and selling it?
Honestly, it’s extremely difficult to explain the technical aspects of crypto to a layperson. One is because technical aspects are, well, technical. And two, because the middle-aged and the senior citizens already have a certain visualization of money in their minds, which is very physical.
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