60% of world population cannot access computer so Bitcoins will fail. - page 8.

Roboabhishek

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Quote from: traffexp on January 20, 2018, 02:25:21 PM

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

Well, who said you need a computer in order to access bitcoin there another way in which you can buy sell and trade your bitcoins. You can use any smartphone or smart devices. More than 90% of people are using a smartphone so it becomes easy to buy sell and trade with the help of a smartphone.

p4npos

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It is an excellent point. I haven't thought about it. I always that cryptocurrency is the future of financial transactions but before that we have to supply every person on earth with internet and a mobile/laptop. This is a very concerning situation.

bitfocus

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you need to learn more about world economy - and also, work hard to make your thoughts and style of thinking a little mature.

jamesblue1

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Actually the percentage you gave is getting smaller, today many people are trying their best to adopt modern means of payment. If you say that bitcoin will fail, then you aren't there to witness the highest amount of bitcoin during december 2017. Today is 2018 so basically there is still a chance to pump the price any moment.

schukina

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Who told you that 60% of people do not have access to computers ? And most of people are sing it on apps only so computer is not needed.

aggeim

newbie

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Where you got that data from ? And how many of those 60% have smartphones with internet ?

mastery.jimmy

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I disagree. Smart phones are everywhere in Third World countries, and they continue to get cheaper. Additionally, it takes technical skills or familiarization with using the internet especially investing into cryptocurrencies

monkeydominicorobin

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Quote from: traffexp on January 20, 2018, 02:25:21 PM

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

They have access to a fast computer. A smart phone is a miniature computer. The gold standard is having access to smart phone devices. Use a simple Blockchain.info app and you have Bitcoins. You don't even need your Windows computer all you need is your smart phone. Are you living under the rock all this time. They need their smart phone more than food.

addeqt

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Stuff in your mattress? Really? I think there is less than 60% of the population did that thing. No offense but I can't find the connection of it as the reason why people choose fiat over crypto. 60% of world population cannot access computer, and out of the remaining 40%, some have no internet connection. But if you would visit internetworldstats you could see there that the internet penetration in continuously increasing. As of 2018 internet penetration grew at 1,052% and africa is at the top of the list. On the other hand, bitcoin wallet increases less than 100% in the last few years. That denotes that internet grew faster than bitcoin. It is not the reason why bitcoin will fail; it is more probably users like you could be the reason for this dilemma.

HelenS

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but 90% of the world's assets belong to 10% of the population. BTC is in the hand of the rich...

blocklancer8

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To my knowledge, bitcoin is created with super-sophisticated technology so even thought the population of many people used bitcoin, it will not stop or fail. I believe that technological renewal is also advancing with the development of the times. Bitcoin is a virtual currency that is very different from the currency currently circulating, therefore the system must be different.

Gyromancer

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Indeed most of the world's population can not access bitcoin. But I do not see it as a bitcoin failure. I have heard the issue that bitcoin will make paper money and ATMs in different countries. Of course, this is good news so that people can use paper money and bitcoin ATM. They no longer need to connect with internet access to transact using bitcoin. They just do it at the ATM. I'm sure that bitcoin will continue to improve in order to be accepted and trusted by the community.

debopam.chanda

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Well going by this logic, more than 50% still don't have a bank account, still currencies are there and succeeded. It's just that bitcoin is very new and little tough for normal people to understand. But eventually it will replace or better to say will run in parallel with traditional fiat as we know it. Let the bitcoin grow a bit and then only we can see how far it is going and how long it will take to replace the fiat entirely.

lzby2000

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I don't agree with you. There are many areas without the Internet and PC, but bitcoin is a new industry. Bit currency is very popular in some large network developed cities. We know that all new things are slowly developing. It takes a process.

Burogh

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Quote from: traffexp on January 20, 2018, 02:25:21 PM

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

I think thats not fair comparison. Not all peoples in the world having and touching dollar bill but dollar still survive. Bitcoin supply only 21millions and its mean not all peoples able buying and hold bitcoin.

AniviaBtc

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The world is circulating and it is not a lifetime that people will remain unaware of technology. It will come to the future that other people will know exactly what bitcoins and the good it brings us. So bitcoin will be successfull and it will be available to everyone. Right now the crypto currency revolution is beginning to grow and it gradually becomes popular.

Ayasena

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I agree with those who claim that Bitcoin has no goal of becoming the first currency in the world. Yes, this is an ideal asset, but you need to look at the situation. It is a pity that the human essence basically looks for the first flaws and then the potential and advantages. I would on the contrary say that these 60%, sooner or later, will get access to the computer - that's when the golden time for crypto currency will begin. Civilization is moving forward, therefore, most likely, more than half of humanity will become computer users, and accordingly, a potential investor in Bitcoin.

bad_apple

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Let's say that you're worry is Bitcoin will fail because 60% of the world's population don't have any access to computer, however Bitcoin continuously trends up/down the market even though that given percentage of yours is more than a half. Why? It is because most of the people who invests in Bitcoin have the capability to control (has vast knowledge of the crypto world) the trend in order for it to survive and live throughout.

Faeton

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I know that many people simply do not want to switch to the use of crypto currency, not even because of the lack of a computer or even a smartphone, although this is also a problem. For many people it's much easier to get a paper bill out and pay off than to do a lot of time on a new and complex technology. In addition, if they make mistakes and lose their virtual money or just undergo hacker attacks, many will simply even leave the crypto currency. In fact, this problem is much more complicated than some people think.

rosepetals

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Quote from: traffexp on January 20, 2018, 02:25:21 PM

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

Bitcoin had already succeeded in its concept as a digital currency,the massive adoption and the fluctuation of price or value have already soared,no matter how other people deal with it,even if it will not became the mainstream currency in the whole wide world,it already prove that it has reaches to its peak even if many people cannot have any access to the internet.
As this trend will go further and the technology also arises most probably bitcoin would stay its parameters,and we will see how this performs in the market.

Topic: 60% of world population cannot access computer so Bitcoins will fail. - page 8. (Read 1890 times)