Topic: Bitcoin investment is limited - page 3. (Read 589 times)

Bitcoin is for everyone, even for people who don't sight. He can ask someone who will help him send or receive bitcoin, and even he can ask that person to make a transaction for him. It needs an effort for people to use bitcoin, which is not about something that he doesn't have in himself. Bitcoin is a tool like fiat money that we already know. I am sure there is a way for people who can't see to use bitcoin, whether they ask other people or whatever they can, to use bitcoin.

People with physically challenged can hold bitcoin or increase their bitcoin in many ways, although we don't know how to solve it. But bitcoin itself is not fully adopted in all countries, so we don't know how to solve that problem.

What you are forgetting is that the world turned digital a long time ago and it had nothing to do with bitcoin. We (including anyone with any kind of disability) already gave up on using physical cash for almost all our day to day transactions. And if anything the digitalization made things a lot easier for everyone.

For a blind person to pay using bitcoin, all they have to do is to use their phone to scan the QR code that is provided to them, have their wallet read the amount, destination and reason out loud and them to confirm the transaction using voice recognition or finger print on their phone.
Could you provide the same level of security using cash? no!

There are ways for the blind people to access and read things off the internet. I remember seeing on a twiiter a blind person able to tweet and read other tweets. I think he uses an app which enables him to read the other's tweet. If such as an app exists, then this could be utilized for buying and selling bitcoin. This shouldn't be confined to the use of crypto as well. The handicapped should be provided solutions for other uses as well especially since we are advancing towards a very digital age. Pretty soon, all payments will be made through the use of your phone or cards so there should be adaptions done for them.

Limitation for the blind. It is existing now but it won't exist in the future.

It can be solved in the future with bigger adoption and more developments in softwares, apps for disabilities.

Blind people can read through the Braille writing system and they also can hear if they are not deaf. Bitcoin has one method to back up their private key or mnemonic seeds to metal sheets and it can be used for the blind.

The barrier is how companies can build up those products for the blind but still can give them privacy and safety for their private key/ mnemonic seeds. For the blinds, I think mnemonic seeds are best for them.

Such a sad reality.

I'm afraid limitation is always an integral part, I would say, in everything. There's no such thing as a perfect innovation. Bitcoin is no exemption. It's no gift from heaven. It has its own fair share of shortcomings. And there will always be some who will be left out. But, you know, we are constantly rolling. Developments and upgrades are always happening one after another.  I'd just like to point out that this does not necessarily make Bitcoin one huge failure.

The issue of our disabled or differently-abled brothers and sisters being seemingly forgotten is a huge one. It takes a different sphere for us to dive a little deeper into a more fundamental discussion about it.

Bitcoin is for everyone. It's just that the people with certain disabilities have to find out solutions on how to have access to it(without potentially leaking the private keys in the process and all that). In the first place, it isn't a magic bullet that literally fixes anything. And this isn't even a Bitcoin or cryptocurrency limitation, it's literally just a limitation of almost any other app or website(excluding a few).

That's a deep questions.
 
 As we all know, bitcoin wasn't still not yet well adopted by many people. Most probably the handicapped ones. They are the first one to struggle accessing and using this kind of cryptocurrency.
 
 While if we look at the brighter side, it is certainly be a good help for some handicap person like that of blind man to have insurance or whatsoever that is related with bitcoin advantage. But, looking at it now it is hard to just connect it with people who have difficulties reaching new technologies.

I remember this thread a year ago: How Blind Person Access Bitcoin?.

A lot of suggestions on that thread, however, I don't know how feasible it is, https://icywallet.com though seems to be dead already.

Good post with a lot of much needed discussions regarding the future of payments and braille literacy. Digital era has brought lots of advancements in everyone's life including the blind people. With the current technology, speech-to-text and text-to-speech voice recognition software has been playing an important role in the life of blind people.

As of now, I believe development in inbuilt text-to-speech software in bitcoin wallets would be really helpful for the blind people to take a note on the mnemonics. For instance, consider the initial phase of creation of wallet from a blind person perspective :

[1] Someone would help them in installing a bitcoin wallet app which has inbuild text-to-speech and vice versa. When they enter the app, it grants them 12 word mnemonic which can be written down in their braille notebook.

[2] While sending bitcoins to another person for payment, the receiver would display the QR code and would help the person to scan the code. Upon scanning, the app should get a confirmation from the blind person voice for sending the payment. May be the same voice should be used to send payments? Kind of this works in real time!

[3] While receiving payments, the app should again use speech-text model to use the blind person speech to provide QR code. Once the sender sends the money, the app should intimate the money received through an automated bot voice.

For these to happen in the upcoming years, we need to invest more and more time on developing rather than speculating. Crypto market on the whole is flawed IMO 99% is here for becoming rich and not for the revolution!

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.