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Topic: Bitcoin is unfair to the non tech-savvy (Read 7436 times)

sr. member
Activity: 350
Merit: 250
'Slow and steady wins the race'
July 31, 2014, 07:35:31 PM
I get the point of the OP. I'm not at all tech-savvy but still have some BTC, just enough to take advantage of a sudden move up but I would never put a lot in to it.

It can definitely be seen as unfair as someone who knows everything about how BTC works is at an advantage to those who don't. I still find it complicated but most of I have absolutely no interest in 'how' it works, I will always prefer physical wealth to BTC, ALWAYS!
I think the point of the OP is that people who are tech savvy can easily figure out how bitcoin works and can use it effectively. On the other hand someone who is not tech savvy would have a greater chance of falling for a scam or otherwise potentially loosing their bitcoin as they may not fully understand how it works.
hero member
Activity: 700
Merit: 500
I do agree with this argument a little bit.  Still there are billions of people who don't know what Bitcoin is and they are still missing the boat.  Early on it was the more tech savvy people who made the most on it.  I even somewhat follow news about tech and I missed the boat on it until last year.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Nanotechnology companies creating advanced products are unfair to those working as burger flippers.
sr. member
Activity: 322
Merit: 250
Decentralize All The Things!
I get the point of the OP. I'm not at all tech-savvy but still have some BTC, just enough to take advantage of a sudden move up but I would never put a lot in to it.

It can definitely be seen as unfair as someone who knows everything about how BTC works is at an advantage to those who don't. I still find it complicated but most of I have absolutely no interest in 'how' it works, I will always prefer physical wealth to BTC, ALWAYS!

The point is that those who knows about it, were not born with that knowledge. The same cannot be said about much of the wealth in the world today.
full member
Activity: 154
Merit: 100
I get the point of the OP. I'm not at all tech-savvy but still have some BTC, just enough to take advantage of a sudden move up but I would never put a lot in to it.

It can definitely be seen as unfair as someone who knows everything about how BTC works is at an advantage to those who don't. I still find it complicated but most of I have absolutely no interest in 'how' it works, I will always prefer physical wealth to BTC, ALWAYS!
hero member
Activity: 534
Merit: 500
Now is as good a time as any for those non-tech savvy to pick up a book and learn.
fa
full member
Activity: 140
Merit: 100
For non techs, using Bitcoin is like Edmund C. Moy (Former director of US Mint) said "Easy Peasy".
legendary
Activity: 2268
Merit: 1278
That word, fair, she is being abused. Fair doesn't mean everyone gets the same. That wouldn't be fair at all to those who deserve more than average, or those who deserve less. And there will always be people who are better than you. As well as people who are worse.

Stop crying about those evil people who managed to do better than you. Look up to them instead and aim to do as well as they did or better.
legendary
Activity: 2100
Merit: 1040
A Great Time to Start Something!
Fiat is unfair to those who are blind.

If the cashier is honest, then it works pretty well for blind people.
Fiat is unfair to those who hold it long enough for inflation to eat into it.
sr. member
Activity: 266
Merit: 250
Understanding Bitcoin will always be complex but after time goes on and Bitcoin becomes more popular actually using Bitcoin will become easy something which someone doesn't think about. I bet a lot of people don't understand how cash or banks work but still use the currency.
Bitcoin is very easy to use today. It is very easy to setup a wallet, and purchase bitcoin. The problem is that it is also easy to "forget" to properly secure your wallet, or to not secure your wallet at all.
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
Capitalism is inherently unfair to just about everyone. Bitcoin isn't a great enough paradigm shift to change that dynamic.

Perhaps the next technological breakthrough that builds upon the work the blockchain began will be, if we're lucky.
legendary
Activity: 882
Merit: 1000
Fiat is unfair to those who are blind.
legendary
Activity: 1176
Merit: 1015
Bitcoin traders are sometimes accused of unfairly profiting from an opaque asset beyond the understanding of ordinary people.
http://www.newyorker.com/online/blogs/currency/2014/07/bidding-on-bitcoin.html

Yesterday I met a couple of my old classmates on the street. They asked about Bitcoin and started to whine that most people don't understand the mathematical fundamentals behind Bitcoin and therefore had no realistic chance to invest when it was cheap. Of course, I encouraged them to invest now (better late than never) but seems that people generally rather enjoy wallowing in their own self-pity than take steps to adapt and overcome.

Even in this forum I have seen demeaning opinions about people who bought in when Bitcoin was trading single digits --- "they are not real investors and their earnings are equivalent to winning with a lottery ticket".

I can see that these issues can raise some negative emotions and Bitcoin has even not risen to 6666$ yet Cheesy. What's the worst case scenario to follow? Bitcoin Jesus getting beaten up by angry conventional Warren Buffer apprentices?

This is the correct way it should be, our society should not reward people that are lazy and unwilling to learn.

Let's put it this way; most people don't truly understand how conventional money works, they don't understand forex or the commodities markets and most don't understand superannuation.

These people are lazy! They put in 3 hours a day into the television, games, drinking beer! But they won't educate themselves. Then they wonder why others are rich and they are poor.

Bitcoin is not unique is this regard, it's another specalised area of money and finance that most people are too damn lazy to educate themselves about.

I love that we live in a society that rewards intelligent researchers such as ourselves than the lazy people that want millions for watching their televisions.

Put in the effort to learn, if you're unwilling to do so, don't complain! Tell these old friends that! Slow movers unwilling to put in the effort and learn must learn instead to be content with society moving ahead whilst they watch their televisions!

How can I feel bad for a lazy person? Money is one of the most important things in their lives yet they don't even know how the monetary system even works!

hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
I think the distribution can't be expected to be perfect but sometimes you just have to take what you can get.  When Bitcoin was small they said it wouldn't work and now it is growing people complain it's not fair.  What is the answer then to start over from scratch and disregard Bitcoin?

beautiful sunsets are unfair to the blind. Let's destroy the sun.

FYI:
Your current 'activity number' = Activity: 420
Your 'Personal Text:' = "blaze it fgt"

Really good pot is unfair to people who don't have enough money, let's destroy all the weed.  Cheesy

Sure you can have my weed , when you take it from my cold dead hands.
hero member
Activity: 532
Merit: 500
Currently held as collateral by monbux
Understanding Bitcoin will always be complex but after time goes on and Bitcoin becomes more popular actually using Bitcoin will become easy something which someone doesn't think about. I bet a lot of people don't understand how cash or banks work but still use the currency.
sr. member
Activity: 266
Merit: 250
Please show me investment that does not need "deep understanding" and is easy accessable to everyone? No? None? Well of course! If it was so obvious everyone would jump in at same time and noone would make any money. Bes tprofit is not where "everyone" is but in places where only few go.
Most investments that are available to the public are suppose to be somewhat regulated, and certain people are prevented from selling investments so you do not need to have a deep level of understanding of what you are investing in.
legendary
Activity: 1638
Merit: 1022
beautiful sunsets are unfair to the blind. Let's destroy the sun.

FYI:
Your current 'activity number' = Activity: 420
Your 'Personal Text:' = "blaze it fgt"

Really good pot is unfair to people who don't have enough money, let's destroy all the weed.  Cheesy

You're the first person to acknowledge this. It's like no one else on this forum uses teh internet.

I acknowledge you're doing a great job sounding like a juvenile delinquent.

*phone rings* Hello? Oh it's the 1950s. They want their values and terminology back.
full member
Activity: 211
Merit: 100
Envy is a destructive feeling. It keeps you trapped in your current situation and prevents you from improving it.


Never thought envy can really screw someone up.
legendary
Activity: 1540
Merit: 1029
That's life.
legendary
Activity: 2324
Merit: 1125
The non tech-savvy are unfair to Bitcoin.

the non-savy are unfair to the world.
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