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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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.
hero member
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March 04, 2021, 05:10:14 PM
#30
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.

Yes, Braille system is already used on several traditional banks ATMs, but my perception is that most blind people still need human guidance when doing bank transactions because they weren't educated in Braille system since they were younger. It's something that changes slowly as education plays a bigger role in disabled people's lives within the new generations. For this reason I expect blind people won't have issues when dealing with crypto in the future.

Another good idea as mentioned are the voice commands, however they still need a lot of improvements in technology and artificial intelligence to make it possible to have a safe and smooth experience, especially because we are talking about personal finances.
hero member
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March 04, 2021, 03:15:07 PM
#29

* 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 depends into their determination on engaging with bitcoin,physical problems might be a hindrance but wont really remove out  that possibility.

-This doesnt exclude anyone even to those who do have disability even that blind person.He could still make engagement.

-It might be hard but doesnt mean that they cant really learn up something on it.As long the other body parts of your body could able to
determine which thing is good and bad or do able to understand it then that what really counts.
sr. member
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March 04, 2021, 02:07:53 PM
#28
I think Bitcoin is for everybody, indeed for individuals who do not locate. He can inquire somebody who will offer assistance him send or get bitcoin, and indeed he can inquire that individual to form a exchange for him. It needs an exertion for people to utilize bitcoin, which isn't approximately something that he doesn't have in himself. Bitcoin could be a apparatus like fiat cash that we as of now know. I am beyond any doubt there's a way for individuals who can't see to utilize bitcoin, whether they inquire other individuals or whatever they can, to utilize bitcoin.It is superior for modern era to know approximately Bitcoin and discover ways to urge monetary opportunity through Bitcoin.
full member
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March 04, 2021, 12:18:19 PM
#27
very touched what you tell. and I am even more excited, that our duties as perfect humans are endowed with eyes that can still see, ears that can still hear, hands that can still embrace. let us show the world that bitcoin and cryptocurrency are friendly to all human groups regardless of the shortcomings. our task is very tough, but that is what we have to do, where we carry out the mandate to be able to contribute to each other that is currently being cultivated in the crypto field. Naturally, we, the next generation of Satoshi, have a mandate to be able to prosper our brothers who have limitations.

starting from the smallest thing, if we have more profit from selling crypto, it would be great if part of our assets were donated to those in need.
may we all be given health.
The recent Bitcoin rally has brought about a stir in the market. Due to its good returns retail investors are investing in this new asset class now more than ever.Bitcoin is the first and most popular cryptocurrency or digital currency in the world. It can be used as both a mode of exchange (money) and a store of value (investment vehicle).
sr. member
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March 04, 2021, 11:09:35 AM
#26
very touched what you tell. and I am even more excited, that our duties as perfect humans are endowed with eyes that can still see, ears that can still hear, hands that can still embrace. let us show the world that bitcoin and cryptocurrency are friendly to all human groups regardless of the shortcomings. our task is very tough, but that is what we have to do, where we carry out the mandate to be able to contribute to each other that is currently being cultivated in the crypto field. Naturally, we, the next generation of Satoshi, have a mandate to be able to prosper our brothers who have limitations.

starting from the smallest thing, if we have more profit from selling crypto, it would be great if part of our assets were donated to those in need.
may we all be given health.
full member
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March 04, 2021, 10:20:19 AM
#25
I think that the investment in this case is limited only by the amount of money you have.
The recent Bitcoin rally has brought about a stir in the market. Due to its good returns retail investors are investing in this new asset class now more than ever.Bitcoin is a decentralised digital currency that cannot be controlled or altered by any individual or organisation because no single entity owns the network.
full member
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March 04, 2021, 01:01:08 AM
#24
Bacon is not limited.
bacon is a yummy food but its not limited but bitcoin is .

It reach all country people. So any one to invest in the Bitcoin.
btc doesnt fly to reach a country but its the country that can come to btc if they want to accept it and not all country accept btc so far therfor not all people can invest in btc

Bitcoin is unlimited investment. So people invest in the Bitcoin all time. It any time to change the price. people befor invest in the Bitcoin checking the market price every time . So time to sell and buy the Bitcoin. It any time to change
like op sad it wasnt unli and like i said it wasnt too because theres only 21 million supply of btc . every btc investors have a different strategy and not all can buy anytime but checking the price is essential not just in the past
full member
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March 04, 2021, 12:46:14 AM
#23
Bacon is not limited. It reach all country people. So any one to invest in the Bitcoin. Bitcoin is unlimited investment. So people invest in the Bitcoin all time. It any time to change the price. people befor invest in the Bitcoin checking the market price every time . So time to sell and buy the Bitcoin. It any time to change
sr. member
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March 04, 2021, 12:37:55 AM
#22
Bitcoin has no prejudice. Bitcoin prefers no race, religion, or person. It is freedom. This and the fact that it requires no trust is why I love it so much. As soon as there is human interference things go "wrong" or go "missing".

Talking about blind people. Maybe bitcoin is better than using notes? When you scan the qr code the person has it will tell you what the details and amounts are. Maybe with banknotes, you give the wrong one day? I know they different sizes but for someone blind giving someone, the wrong note can happen if you in a rush or something, think about it. So having a QR code that announces out with a voice what the details are is really helpful. You can also enable safeguards for the blind person which will also increase security. For example, they must say a certain word with their own voice in order to fully confirm a transaction before going out.
The problem is not bitcoin but the technology that is used in it, if the technology isn't built to cater everyone even those with disabilities. The problem with blind people navigating bitcoin is that they need assistance which could be risky as the assistant can just mislead the blind to the point of stealing the bitcoin that the blind is planning to invest in. Voice interaction could be a big help and but this is also limited.
sr. member
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March 03, 2021, 06:27:43 PM
#21
Bitcoin has no prejudice. Bitcoin prefers no race, religion, or person. It is freedom. This and the fact that it requires no trust is why I love it so much. As soon as there is human interference things go "wrong" or go "missing".

Talking about blind people. Maybe bitcoin is better than using notes? When you scan the qr code the person has it will tell you what the details and amounts are. Maybe with banknotes, you give the wrong one day? I know they different sizes but for someone blind giving someone, the wrong note can happen if you in a rush or something, think about it. So having a QR code that announces out with a voice what the details are is really helpful. You can also enable safeguards for the blind person which will also increase security. For example, they must say a certain word with their own voice in order to fully confirm a transaction before going out.

I have not given this topic much thought and I am glad you have brought it up. It is important for us to help others and #payitforward. Let's use bitcoin and crypto for the betterment of the human race. Freedom = happiness. A Tyrannical government does not.
legendary
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March 03, 2021, 01:54:07 PM
#20
[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.
I agree with you that voice recognition is the best way out for the blind with bitcoin investment intent but, still the issue of safe transactions is always going to be an issue, having a third party supersede over all your transaction process puts you directly in the way of harm as, you just might not be so sure of what volume is sent or received at any point but, there could be a way out.

The programmable bot that goes by the name Siri is widely used now in many appliances and technological innovation and has been known to be quite useful and efficient in voice recognition and command, it could offer some possibilities but still, the issue of security poses a threat that can't be over emphasized.
Do you think they are just limited to use cryptocurrency? They aren't limited to use fiat? Isn't complicated for them to maintain a bank account and ATM cards?
You have a point there but, the fiat can be easily analyzed and identified by a blind man. It might interest you to know that, in situations of disabilities, other parts of the body is developed to fill in the function of the missing parts. Blind people's touch or sense of feel, hearing and mind works like magic (If i may borrow that word). So, having fiats stationed for them in a particular pattern, lets say, arranged according to a particular bill and placed differently, the shape volume and pieces they touch makes meaning to them and they could from there calculate how many they've spent and balance off. Not necessarily going to the ATM at any point to transact.

Technology developing day by day, perhaps there would be something where everyone would use Bitcoin once a day. But we shouldn't blame Bitcoin for that. It's just a matter of Technology.
Perhaps one day, there would be such advancement in the system to accommodate them and no one is blaming bitcoin for being bitcoin. You know, at some point i wondered, if bitcoin were to have a tangible physical form and i had to call myself back on the note that, at this point, it stops being a cryptocurrency. It assumes the fiat system of function like mare debiting one account to credit the other while in a network of systems.

Then again, it's just feels so sad that though willing, some can still be left out!
legendary
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March 03, 2021, 01:22:35 PM
#19
What I realized from your post that how Bitcoin is usable for everyone where a blind man couldn't use it. First of all, this problem is God-gifted, we can't change that by our emotions. Do you think they are just limited to use cryptocurrency? They aren't limited to use fiat? Isn't complicated for them to maintain a bank account and ATM cards? They wouldn't act like a normal human to maintain it. I don't know if there is any easy or special way to maintain such things for a blind man. For that, we can't say fiat isn't usable for everyone. Technology developing day by day, perhaps there would be something where everyone would use Bitcoin once a day. But we shouldn't blame Bitcoin for that. It's just a matter of Technology.
legendary
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March 03, 2021, 12:55:56 PM
#18
I am not really informed about how a visually impaired man manages his finances. My guess is that it has a personal assistant - either family or a government worker.
I don't think it is about what Bitcoin can do for them, but more likely a challenge to be solved by entrepreneurs. If Bitcoin actually goes mainstream and is used on a massive scale, I don't think it woud be hard to create a wallet application or device that is navigated entirely by speech, face and biometric parameters. Implementing the braille language is also an alternative.
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March 03, 2021, 11:59:46 AM
#17
Its our duty to save our private keys and seed phrase like we keep safe our CVV of cards and password of net banking if someone accesses these details can easily empty our bank Ac but still I agree with you its tough for a blind to person to keep it safe. Sadly it's challenging for the blind person to use this as fiat currency and I must say I am really impressed with your deep thoughts. Yes, in this huge crypto market only some fortunate investors successful here so an ordinary man is afraid of this risky market and fortunate people are those who keep patience.
legendary
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March 02, 2021, 01:53:34 AM
#16
This is not the sad limitation of Bitcoin but of technology going digital, unfortunately.

I remember also some countries are trying to go completely cashless (being that all money should be digital) but then this ignores that it would immediately put out of business millions of people who rely on cash because they don't have smartphones and internet to use digital money.

I think you have good points, but this is not Bitcoin this is digital tech, so we need to find a way to fix access for the disabled for digital tech:)
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March 02, 2021, 01:28:46 AM
#15
That's is a sad reality, handicapped cannot access bitcoin especially those blind people, wherein the most important for people to access cryptocurrency is sight. As time goes by, our generation became more technology-based and a lot of businesses and companies are looking for or implementing bitcoin as a means of payment, so the problem about it, how those blind people can do it when they cannot see anything. I am still hoping that there would be a solution for that thing in the future.

There is already a link at the top comment talking about how a blind people can access cryptocurrency mentioned by Baofeng, that link seems so useful.
hero member
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March 02, 2021, 01:17:09 AM
#14
* 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 has amazing future for every type of person that breathes on this earth.

You are just exaggerating the whole stuff by stating that Bitcoin is digital and it has no physical appearance which gives it limitation to be used by the mankind which is physically challenged.

Presence of physical currency does not mean it will have unlimited access.



Bitcoin / Crypto currencies are dome of the new era.

I am thinking of completely opposite case as what you portrayed here! The implications of bitcoin are huge and are limitless. The digital appearance of the bitcoin gives it different ways of using it.

At this very moment I could think about the infrastructure which can be used to overcome the current problems of using bitcoin.

For a blind you can have audible AI bot who will make the transaction for him. May be there would be applications who will confirm the private keys or passcode or access based on the voice recognition. May be he could transfer the crypto currencies from the booth where he will be given access with his palm scans and it's validity.

This is no sci-fi since more advance technique already exists which just needs to be implemented with the thought of using Crypto Currencies.


There are more Government schemes for the physically challenged as compared to the normal people. They exists for the traditional banking and I am sure the day we see bitcoin as valid currency (routine use) then we will have more ways of spending them and accessible ready for challenged people.


Yes, this is the case today with traditional banking too!

Yes,the crypto industry is limited for the disabled people,but can you answer these questions:
Is it easier for physically challenged people to use fiat money(cash)?
Is it easier for physically challenged people to trade on the stock markets?
Is it easier for disabled people to use gold or any other precious metals?
Disabled people are facing difficulties everywhere,so it's pointless to put the blame only on the crypto industry for being not enough user friendly for disabled people.


We know very well with what they are suffering. Some of the countries have world class facilities for them and some countries sadly don't!

Continued edit...

[...]
[...]
however a blind person going from UK to america only using physical money. will find problems trying to understand the new form. that is less unique(us bank notes all same size).

yep digital money is actually easier for the blind when buying things online internationally compared to physical trading internationally

Exactly! An audible Bitcoin ATM or even mobile application can do miracles for such people.
Even great thing is you dont have different coins and you dont have memorise any currency form here.

All you will have to say to your application that Send 2 bits with Economic fees Xyz and send to recipient 1, 2, 3 (name).
The addresses can be scanned by the shop owners and saved with specific names so that the challenged user next time can give commands accordingly.

For the peer to peer transfers one can request bits from their address and that can be conveyed to the challenged person in audible message. Then user can approve the request or decline the same.

So many things are there which can be made easy with the Bitcoin use / Digital use. It's just that we dont have approach in that manner yet. 
legendary
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March 02, 2021, 01:16:26 AM
#13
Yes,the crypto industry is limited for the disabled people,but can you answer these questions:
Is it easier for physically challenged people to use fiat money(cash)?
Is it easier for physically challenged people to trade on the stock markets?
Is it easier for disabled people to use gold or any other precious metals?
Disabled people are facing difficulties everywhere,so it's pointless to put the blame only on the crypto industry for being not enough user friendly for disabled people.

in the UK we have it lucky coins are different shapes and sizes
1p,2p,5p,10p thin round and different diameters
20p,50p mid thick, hexagonal and different sizes
£1,£2 thick and different sizes

bank notes are different sizes too. making it alot easier to identify physical money compared to say america

however when it comes to online trading of stock markets, ebay online groceries, bitcoin. there is actually accessibility options to turn text into sound. so anyone just wanting to use a computer that is blind wont see any problems as they are already set up. and so then deciding to trade online. is not much of a leap

however a blind person going from UK to america only using physical money. will find problems trying to understand the new form. that is less unique(us bank notes all same size).

yep digital money is actually easier for the blind when buying things online internationally compared to physical trading internationally
hero member
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March 02, 2021, 12:51:56 AM
#12
Yes,the crypto industry is limited for the disabled people,but can you answer these questions:
Is it easier for physically challenged people to use fiat money(cash)?
Is it easier for physically challenged people to trade on the stock markets?
Is it easier for disabled people to use gold or any other precious metals?
Disabled people are facing difficulties everywhere,so it's pointless to put the blame only on the crypto industry for being not enough user friendly for disabled people.
legendary
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March 02, 2021, 12:34:11 AM
#11
It's not but the community are making it limited. I remember seeing a thread about a new hardware wallet that offer the opportunity of our figure print to be used to unlock the wallet and it was criticize heavily. When behaviors like this comes form the community, it discourages developers from using their innovative mindset to bring out new development and trending ones too to the industry.

The blind or special attention individuals aren't firgetten but first lets achieve the global adoption from those without special attention. If weren't able to get the average joe to use bitcoin then how then do we expect that Joe with a disability to make use to bitcoin?.

With time, when the technology has gone global, development will be made to incorporate features like voice recognition that can be used to buy and sell on our Personal wallets and this too can be used to add security/unlock our wallet or probably face recognition, etc.
hero member
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March 02, 2021, 12:13:14 AM
#10
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.
legendary
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March 02, 2021, 12:01:12 AM
#9
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!
full member
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March 01, 2021, 11:45:09 PM
#8
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.
hero member
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March 01, 2021, 11:04:16 PM
#7
SAD LIMITATION OF BITCOIN
Limitation for the blind. It is existing now but it won't exist in the future.

Quote
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).
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.

legendary
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March 01, 2021, 11:03:34 PM
#6
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.
mk4
legendary
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March 01, 2021, 10:03:04 PM
#5
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).
sr. member
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March 01, 2021, 09:44:29 PM
#4
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.
legendary
Activity: 2576
Merit: 1655
March 01, 2021, 05:55:28 PM
#3
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.
legendary
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March 01, 2021, 03:17:22 PM
#2
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.

* What future do bitcoin holds for the physically challenge persons with regards to those without sight?
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!
legendary
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March 01, 2021, 01:54:33 PM
#1
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.
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