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Topic: Bitcoin investment is limited (Read 589 times)

full member
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April 09, 2021, 07:47:09 PM
#50
So you are saying that bitcoin was created to solve "financial" problems but the solution still wasn't discovered? What financial problems was it going to solve? Poverty? World hunger? No it wasn't invented to solve all these financial problems that you are thinking about. It was just created so that we can control our own finances without central authorities interfering. And this is what most of the people don't get. They think bitcoin is miraculously going to make everyone who are holding rich. Stop thinking like that, and maybe we will be able make bitcoin even a better currency?

we cannot determine what someone wants with bitcoin, everyone will have different views in terms of unveiling the question of bitcoin for him.
There are still many who hope that having bitcoin will solve their financial problems.

What do you say that bitcoin will make people rich is a reality today and no one is able to avoid that fact, because with a high value, people want to compete to get bitcoin even though it is not easy to get it.
sr. member
Activity: 1918
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April 09, 2021, 05:39:17 PM
#49
Bitcoin was never intended to make someone rich, or solve financial struggles of the same matter. If you'll ask me the current price situation it is in is purely coincidental, and is just brought about by people who believed that it can offer mobility to people's transactions, perhaps more. Bitcoin is digital money, but the current situation it is in made it seem like it was a store of value, or an asset to invest in. It's supply is limited both to ensure that circulation is happening, and to protect its future value as well.
copper member
Activity: 2968
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April 09, 2021, 03:42:36 PM
#48
This problem is not new or particular to crypto or bitcoin. The same applies to fiat. Although bitcoin was created to solve financial problems I'm afraid this one hasn't been discovered yet.
-snip-
So you are saying that bitcoin was created to solve "financial" problems but the solution still wasn't discovered? What financial problems was it going to solve? Poverty? World hunger? No it wasn't invented to solve all these financial problems that you are thinking about. It was just created so that we can control our own finances without central authorities interfering. And this is what most of the people don't get. They think bitcoin is miraculously going to make everyone who are holding rich. Stop thinking like that, and maybe we will be able make bitcoin even a better currency?
hero member
Activity: 2366
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April 09, 2021, 01:31:56 PM
#47
This problem is not new or particular to crypto or bitcoin. The same applies to fiat. Although bitcoin was created to solve financial problems I'm afraid this one hasn't been discovered yet.
OP gave a story about a blind man and a boy. In my head, the blind man represents the nay sayers, those that doubt and don't believe in bitcoin. The handicap are those that believe in bitcoin but do not possess the funds to buy and are constantly procrastinating buying bitcoin for one reason or the other. The little boy represents the bitcoin enthusiasts like us who are constantly trying to lead others into the new world of crypto and share our knowledge with the rest of the world.
Ah!! The way my mind works
But fiat money can be touched with our hand so the blind person can feel the value of the note with their experience but it is not possible with digital fiat nor crypto while we are having lot of developments in the technology especially to the blind people. So in future we may have treatments to cure most kind of blindness or atleast some technology to convert text to talk with more advanced feature.
hero member
Activity: 1148
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April 09, 2021, 12:00:57 PM
#46
This problem is not new or particular to crypto or bitcoin. The same applies to fiat. Although bitcoin was created to solve financial problems I'm afraid this one hasn't been discovered yet.
OP gave a story about a blind man and a boy. In my head, the blind man represents the nay sayers, those that doubt and don't believe in bitcoin. The handicap are those that believe in bitcoin but do not possess the funds to buy and are constantly procrastinating buying bitcoin for one reason or the other. The little boy represents the bitcoin enthusiasts like us who are constantly trying to lead others into the new world of crypto and share our knowledge with the rest of the world.
Ah!! The way my mind works
hero member
Activity: 2744
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March 08, 2021, 06:48:23 AM
#45
I have such feelings too for those who because of their impediment can not freely involve in crypto and bitcoin investment especially the blind. I do believe that with time it may become possible for them to read through roadmap just as the blind study and have certificate in their study area.
With technological advances, it is certain that all will be accommodated, anyone who wants to participate in investing in the crypto field. because technology will follow and include all components that really want to join without restrictions, including as you say, the visually impaired. but it does take time to create all of them, because we know in crypto there are so many scammers hanging around who will clearly break their own good intentions.

With advanced technology that we have today, it is possible that even physically disabled individuals can participate.
However, the sad truth is that, when will that be? Who will dedicate their resources for them to fully access this technology?
There was 2017 article that narrated the story of a 100% blind person - Mr. McGee.
He can also mine btc and use a bitcoin wallet, there are limitations but this shows a positive scenario that in some way, they can be of part of bitcoin community.

https://news.bitcoin.com/bitcoin-accessibility-from-a-blind-persons-perspective/
sr. member
Activity: 1638
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March 08, 2021, 06:43:13 AM
#44
* What future do bitcoin holds for the physically challenge persons with regards to those without sight?
* Or the blind aren’t part of the future that bitcoin has installed for the rest of mankind?


Well, for me when we talk about who can use Bitcoin, what we will be talking about here is that those people that will use and could use it. There are those that don't want to use it or can't use it. Yeah, it is limited in that but that is why we have people that develop technologies for these types of situations and that also means they will have their chance to use it when someone developed something for that problem.

For now, we are limited in terms of those people who don't want to use it and can't use it but for sure, we will be a solution in the future. Just like how people develop technologies for these physically challenged individuals to make their lives better, there will be a technology for them to be able to use bitcoin and other crypto currencies as well.


* What investments plan lies there for the physically challenged persons in same regard?

There are a lot of plans for them but they can't do that for themselves, they need help. This is the reason why I don't think it is limited as long as there are those people like that young person that is ready to help them. There will always be someone that would look at this problem and realize that enough is enough and will find a solution to this.

People might be having a hard time dealing with their problems nowadays but for sure, love will always win.
sr. member
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March 08, 2021, 06:40:40 AM
#43
SAD LIMITATION OF BITCOIN

The world is in a constant evolution for better and best. This is the drive that pushes the extent of societal advancement not excluding the bitcoin innovation. Currency they say is the currency of the realm, a place now occupied by fiat for which bitcoin is looking to take over.
We are all pleased and amazed with how bitcoin is doing and hope that it becomes the future currency of the realm. With regards to this possibility, it becomes an increasing desire for many business minded persons to look into exploiting the growing field for investment opportunities that would yield good returns in the nearest future. Through the entire search and merry with bitcoin, I have come to the realization of a fact that, the investment opportunities available in this young field can only be exploited by a fortunate few. It became surprising to that even with the available income, this set of persons are still exempt which makes it sad.

Today is 1st of March 2021, I visited a merchant retail point and while I was there going about my business, I noticed a blind man being lead by his handler boy, what a small child he was but, it seemed he knew all the directions for which they were to take and the bargains on transport fare. It was quite an emotional thing for me to watch them communicate using both spoken and touch language to ensure an understanding between them as they gradually ascended a vehicle to an unknown destination to me. I stared at them as they vanished in the distance and it downed on me the reason for which I’m telling this story.
At that point, it struck me ;

If bitcoin investment is actually for everyone who is financially able and willing and of what future do bitcoin have for the handicapped (Blind persons).
We are all amazed with bitcoin and hope that it someday gains a world recognition and acceptance as an exchange media for the future. The digital nature of bitcoin and cryptocurrency makes visual acknowledgement very important and the insecurity that comes with making private keys and seed phrases public even amongst family makes me ask;

* What future do bitcoin holds for the physically challenge persons with regards to those without sight?
* Or the blind aren’t part of the future that bitcoin has installed for the rest of mankind?
* What investments plan lies there for the physically challenged persons in same regard?


It is sad to acknowledge these limitations of bitcoin and cryptocurrency as I know it now, to not only be limited based on funds but handicapped situations of individuals.
These limitations are actually temporary because of technological advancements but yeah it is still limited to those who has money. Disabled persons in the future can use Bitcoin through a device that makes it possible for them to access.
full member
Activity: 1708
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March 08, 2021, 06:32:19 AM
#42
I have such feelings too for those who because of their impediment can not freely involve in crypto and bitcoin investment especially the blind. I do believe that with time it may become possible for them to read through roadmap just as the blind study and have certificate in their study area.
With technological advances, it is certain that all will be accommodated, anyone who wants to participate in investing in the crypto field. because technology will follow and include all components that really want to join without restrictions, including as you say, the visually impaired. but it does take time to create all of them, because we know in crypto there are so many scammers hanging around who will clearly break their own good intentions.
hero member
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March 05, 2021, 09:20:40 AM
#41

Then again, it's just feels so sad that though willing, some can still be left out!

I have such feelings too for those who because of their impediment can not freely involve in crypto and bitcoin investment especially the blind. I do believe that with time it may become possible for them to read through roadmap just as the blind study and have certificate in their study area.
sr. member
Activity: 2422
Merit: 267
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March 05, 2021, 01:40:23 AM
#40
We can say that a bitcoin transaction is pretty much like signing a digital document. A blind person can do it with the help of a finger scanner. They'd need to scan a qr code, have the software read the whole transactions to them and confirm it by touching the scanner. It's pretty much the thing blind people have to face every day when they want to get a ticket from a dispenser or get money from an ATM. Most of these machines have touchscreens, so you can't "feel" what they display, you need sound to guide you.
totally agree with what my friend said, that it will be neatly stored and no one will know except that a certain person, who you trust can access what you do. because without the access that you give, no one will be able to do anything with what you keep in a place that only you know.

of course it is very useful to be able to provide an article on a piece of paper such as a will that can be opened when you are not here, but still only certain people can open it.
the main problem is, whether the funds you save are very large? because this clearly determines the direction of our conversation so far. if you just want to know it seems like that's enough and in the end we just kidding.
jr. member
Activity: 644
Merit: 1
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March 05, 2021, 12:40:11 AM
#39
You made a nice point. But, I think that Bitcoin is for everyone no matter the person physical impairment. The blind can invest in Bitcoin if he/she has a family member or friend he/she can trust. I have some cryptocurrency assets I manage for people.
Trust is very expensive but he/she finds it. He/she is good to go.
Bitcoin has no boundary!
sr. member
Activity: 1414
Merit: 326
March 04, 2021, 10:28:41 PM
#38
Although bitcoin has investment limitations it usually rises to the top depending on the crypto market. Anyone interested in bitcoin can invest no one has control here blind people can't do anything all bitcoin transfer information is stored through blockchain so you can easily view your bitcoin information even if your personal information is attached to it is often hidden if you do not tell anyone which no one can see except you anyone can verify bitcoin transactions on the blockchain at any time. The bitcoin system cannot be interfered with by any individual organization or government the individual invests as he pleases.
sr. member
Activity: 1120
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March 04, 2021, 08:53:06 PM
#37
It is sad to acknowledge these limitations of bitcoin and cryptocurrency as I know it now, to not only be limited based on funds but handicapped situations of individuals.

Bitcoin was not invented by satoshi to solve the financial problems of everyone including handicapped persons. It's aim is to give financial freedom to all that embrace it. The blind man, though unfortunate would not be able to access bitcoin and blockchain related services. Handicapped persons have more problems to find solutions to than trying to join the financial freedom struggle with it. They just deserve to be in a care home, fully taken care of.


If they are interested in bitcoin, they should look for someone who will help him to access bitcoin if he do have a money to invest, a relative will do.

I'm pretty sure that blindman have someone to rely on that is helping him in everyday lives, and that person can also help him to explore bitcoin.

If they deserve to be cared and loved, then they also have rights to invest on bitcoin no matter what situation they are in in life.

Being blind is not a hindrance for him to invest in bitcoin if there are other ways to deal with it and if he is determined to explore it.
legendary
Activity: 2814
Merit: 1192
March 04, 2021, 07:29:42 PM
#36
We can say that a bitcoin transaction is pretty much like signing a digital document. A blind person can do it with the help of a finger scanner. They'd need to scan a qr code, have the software read the whole transactions to them and confirm it by touching the scanner. It's pretty much the thing blind people have to face every day when they want to get a ticket from a dispenser or get money from an ATM. Most of these machines have touchscreens, so you can't "feel" what they display, you need sound to guide you.
member
Activity: 224
Merit: 36
March 04, 2021, 07:02:09 PM
#35
Ethics should indeed become part of the crypto narrative.

There seems to be 2 conflicting narratives about Bitcoin:


  • It will enable a new generation of altruistic young rich people.
  • It will create an even more dystopian civilisation by creating more inequality.


Whatever happens, the Bitcoin community needs to undergo a serious Public Relations exercise, if only because of climate change accusations from the Green lobby.

Bitcoin can only become the democratisation of finance if it creates a world people want to live in.
hero member
Activity: 2982
Merit: 610
March 04, 2021, 06:56:36 PM
#34
I felt that one, oldies, people who have difficulties learning the internet and using gadgets will never have the interest in Bitcoin. It is not really of that limitation but we can see that these people are really incapable to do that.

If ever there is a solution for blind people to understand it but how could be safe when they don't know how to use gadgets as well. Maybe we don't need for them to suffer this but just give them the easy life they wanted. Because Bitcoin is just an option and we do not all have to take that option either.
member
Activity: 1358
Merit: 81
March 04, 2021, 06:41:21 PM
#33
I haven't heard of a bitcoin wallet for the blind. At first I thought it did not exist but it does exist. Work began in 2017 to find out the background, follow the link.

Quote
He started a campaign in October 2017 to create a braille version of the original Bitcoin white paper. That campaign was successful and the document is now available for anyone wanting to get a copy.

That first success led Newbold to create the IcyWallet. His goal is to provide a 100 percent free and open source bitcoin hardware wallet for the blind. Work is currently underway with early milestones achieved, the progress of which is tracked on their website.

https://www.google.com/amp/s/www.nasdaq.com/articles/icywallet-offers-a-cold-storage-bitcoin-wallet-for-the-visually-impaired-2017-12-12%3famp

legendary
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March 04, 2021, 06:00:05 PM
#32
With these topics and the possible scenario that you people posted, I just realized how hard it will be for a blind to use bitcoin even with new technology such as voice recognition, gestures, and other tools that will help the blind to somehow use bitcoin. I still believe that bitcoin can be used by everyone. There are developers out there that like building unusual applications and there would be a chance that someone who's reading this thread might build a wallet for a person with a disability.
full member
Activity: 1736
Merit: 116
March 04, 2021, 05:32:49 PM
#31
In fact, Bitcoin has limitations, not everyone can be reached by Bitcoin. Not only blind people who have difficulty accessing Bitcoin, but people who
live in remote areas that are not covered by the internet network also cannot access Bitcoin. Since everything in this world is not perfect, there are
always flaws. Likewise with Bitcoin, there are still many shortcomings of Bitcoin that we have to find a solution for.
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