Bitcoin = Nerd money or not? - page 6.

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legendary

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Quote from: Kakmakr on February 04, 2019, 02:47:17 AM

I recently watched the movie Goosebumps 2 with my kids and Bitcoin was once again mentioned briefly in this movie. The one boy mentioned Bitcoin and the other boy called it Nerd money. Roll Eyes

So it got me thinking, why would people label Bitcoin as Nerd money, when people use electronic payment options like PayPal every day? What feature about Bitcoin gives people this impression about Bitcoin?

The first thing that comes to mind is the technical IT knowledge that people need to understand the concept about this technology and also it's origin amongst very highly skilled programmers and developers in the IT industry.

I am definitely not a nerd, but I am more than willing to carry that label, if it means that Bitcoin should be part of my skill and knowledge set in this world. Grin

Bitcoin Nerds will rule this world!

I definitely do not think anyone who uses bitcoin is a nerd. People study road codes and learn to drive their cars. People open accounts at the bank and learn to use ATM to withdraw their money. And even so, these people are not nerds. I'm not nerd, but I use bitcoin, many merchants that accept bitcoin as a means of payments are not nerds

Quote from: KingScorpio on February 04, 2019, 03:33:58 AM

being named "nerd" money would be a blessing for bitcoin, its just the money of a certain group of people

You need to go on vacation.

jak3

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I don't know but I think am a nerd and its just a coincidence that I found about bitcoin in around 2010 by mistake :p. I do not think everyone has to understand how bitcoin works they can easily just know how to send and receive money and that's all.just as like with the faint money not everyone knows how banks work right. If people know how wallets and the blockchain work it just gives them extra power and security over the network like they know what is public and private keys and all those different algorithms. they can sign messages and prove their ownership and a lot of cool stuff. Hey Does it makes me NERD :O

Indamuck

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Its funny because all the nerds that I know (video game people) none of them own any cryptocurrency. I consider it to be more of a gambler's money than that of a nerd. Also a lot of it is just luck on whether or not you heard about bitcoin and had friends that used it on marketplaces.

malikusama

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Quote from: Kakmakr on February 04, 2019, 02:47:17 AM

I recently watched the movie Goosebumps 2 with my kids and Bitcoin was once again mentioned briefly in this movie. The one boy mentioned Bitcoin and the other boy called it Nerd money. Roll Eyes

So it got me thinking, why would people label Bitcoin as Nerd money, when people use electronic payment options like PayPal every day? What feature about Bitcoin gives people this impression about Bitcoin?

The first thing that comes to mind is the technical IT knowledge that people need to understand the concept about this technology and also it's origin amongst very highly skilled programmers and developers in the IT industry.

I am definitely not a nerd, but I am more than willing to carry that label, if it means that Bitcoin should be part of my skill and knowledge set in this world. Grin

Bitcoin Nerds will rule this world!

Layman is not aware of the technical idea behind bitcoin, it's not just about payment method but much more than that.
As my grandparents were not aware of computers but they find it useful after they came to know about its importance.
Let our teenagers grow up and i am sure after some couple of years we will see a major growth in bitcoin community.

P.S I am a proud nerd.

kucritt

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they said nerd money because the user that use bitcoin is the geek and nerd on the technology, so ordinary people that just dont like in technology i think can't know the bitcoin. but if the popularity of bitcoin increase more and more i think we can see that the bitcoin will known by any people in the world

jointherevolution

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That will not be in the future when crypto is popular. Usually when new tech appears it is first adopted from nerds. I do not find it bad the term nerd, when it means that we know about a lot new tech. And nerds now are more main stream that 20 years back when we feared to say we are nerds.

Indamuck

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Video games and comic book heroes were once considered nerdy, now it is mainstream and super popular. People of all ages play video games and watch these super hero movies.

Bitcoin has only just begun, it will take awhile to get mainstream adoption. Right now the majority of users are adult males that have an interest in computers.

Artemis3

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In the 80ies anyone touching a computer (or even computer games) was labelled that. Today even babies are given tablets to play with (most with Linux under Android HA!). Is this a compliment of something bound to become main stream even if some don't understand the insides of it?

But people don't really understand banks, or the fact that they don't keep all the money you deposit to them, but only a little fraction which could make them go bankrupt should enough people go to withdraw. If more people learned those things they would stay away from banks, but that would create a chain reaction and make the banks go bankrupt so your chance to go away from the banks would close instantly, it would be too late by the time you seriously think of moving your money off the banks (same as a Ponzi/MLM ending phase).

Were Einstein or Newton nerds? Probably. Did they not change humanity with their nerdy thinking? Certainly. If anything, its a compliment, I think...

sehoon

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I don't think there is any problem whether they call it nerd money or not. As long as we keep on earning money through it, there shouldn't be any problem. And it's up to them whether they want to join the nerd club or not.

ethereumhunter

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Quote from: Ucy on February 08, 2019, 01:42:49 AM

There is really nothing nerdy about Bitcoin. If they don't want its complicated side of Bitcoin like downloading the entire blockchain, running nodes, verifying transactions mining, etc they could use spv wallets or other simple wallets

That is right. People don't need to learn deeper about bitcoin, and people only need to learn how to make a transaction in bitcoin. They need to know how to send and receive bitcoin in their wallet, and if they have an android phone, they can start to learn how to use bitcoin which is the basic lesson in bitcoin. But I don't think that people who learn deeper of bitcoin will become nerdy because some of them still communicate or discussing with other people especially with people around them and socialize with their neighbour.

iMark

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Quote from: St4yInTh3D4rk on February 08, 2019, 02:05:43 AM

Quote from: Kakmakr on February 08, 2019, 01:55:10 AM

So, most of the people in this thread agree on one thing, Bitcoin is Smart Money and Fiat currency is Stupid Money. Also, the people who label Bitcoin as Nerd money are not that smart or should I rather say, not smart enough to use it. Grin

A label will not deter smart people to replace Stupid technologies with Smart technologies, it will just motivate them more to prove stupid people wrong. I say again, ---<< Nerds will rule this world >>--- Grin

Bitcoin is not just smart,its ultimate because no one can ask you why you are using this are paying to someone only you are in the full authority of your money,full freedom.Just use #freedomofusingourmoney to label the bitcoin and trend it everywhere. Cheesy

I think that does not mean that fiat is stupid money, in my opinion Bitcoin has a technology that is far more sophisticated and that is above fiat technology, but it does not mean fiat is stupid. and I will not mention that bitcoin is a nerd, so many people here are millennial people who are open to technological innovation

REYVAN

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I don't really understand the definition of nerds. but I believe that those involved in creating bitcoin are intelligent people, people who have a vision of the future, people who work very hard. Current market conditions are very unprofitable, but believing about those who have struggled to create bitcoin, any designation for bitcoin, I still believe and have great hopes that this will be beautiful in time.

crzy

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Quote from: Broly46 on February 06, 2019, 10:16:12 AM

Yeah gotta agree, when a lot of the same group of people use it, it become the money, the bitcoin mainly used by nerds? And calling it by the name nerd money seem to be very direct, but it make it clear to us, don’t know about PayPal, I think it is internet money kids will call it.

So bitcoin produced many nerds nowadays? Well, I'm proud to be part of it because bitcoin makes me a better person. Being nerd is always good than having your right mindset and yet you're still not open with new technologies. Bitcoin is the money of a new investors, a younger generations that can make the financial system a way better.

VitKoyn

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Quote from: Kakmakr on February 04, 2019, 02:47:17 AM

I recently watched the movie Goosebumps 2 with my kids and Bitcoin was once again mentioned briefly in this movie. The one boy mentioned Bitcoin and the other boy called it Nerd money. Roll Eyes

So it got me thinking, why would people label Bitcoin as Nerd money, when people use electronic payment options like PayPal every day? What feature about Bitcoin gives people this impression about Bitcoin?

The first thing that comes to mind is the technical IT knowledge that people need to understand the concept about this technology and also it's origin amongst very highly skilled programmers and developers in the IT industry.

I am definitely not a nerd, but I am more than willing to carry that label, if it means that Bitcoin should be part of my skill and knowledge set in this world. Grin

Bitcoin Nerds will rule this world!

I also have watched that movie last year and have seen some people on the internet refer cryptocurrency (not only Bitcoin) as nerd money. I think some people refer Bitcoin as a "Nerd Money" because it was developed by a computer programmer and they think that the technology behind this (blockchain) and terms that are being used is hard to understand that only computer nerds can only understand and maybe because it is a currency/asset that is in form of digital. But people will surely stop saying that cryptocurrency is a nerd money when it started to be adopted by more people and businesses.

drumamat

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Quote from: Lucius on February 04, 2019, 07:57:11 AM

Nerd is a person seen as overly intellectual, obsessive, introverted or lacking social skills. Such a person may spend inordinate amounts of time on unpopular, little known, or non-mainstream activities, which are generally either highly technical, abstract, or relating to topics of science fiction or fantasy, to the exclusion of more mainstream activities.

To some extent I can agree with this definition, but not 100%. I realized that people who do not understand something often attack others and called them bad names only to justify their ignorance according to something. Many of them lack the basic IT knowledge, and cryptocurrency is scientific fantasy involving strange people or even criminals.

Previously, even burned in the fire of redhead women suggesting that they are witches.Stereotypes of people are very difficult to break.Everything new and unknown to people is scary but at the same time interesting.In the case of Bitcoin, people from the outside simply do not understand what it is. For them, this is some kind of abstract and non-logical phenomenon.

Ridwan Fauzi

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Everyone can say anything about something depending on what he knows.

Bitcoin, some people assume bitcoin to be the most successful technological concept created. You will find out why some people say that because they already know bitcoin or at least find out about bitcoin. Until finally, they consider bitcoin is a technology that can function in the future and even change the payment system instruments in the future.

Bitcoin, some people assume bitcoin is fictitious money or nerd money as you said maybe the answer is simple because they don't know bitcoin. They only give a review or an assessment of something without doing an analysis before or they don't find out about bitcoin, the function of bitcoin or maybe they read about bitcoin but from a media that doesn't like bitcoin. I guess it's normal, they can conclude what bitcoin is like and what the function of bitcoin is for, because someday bitcoin is an instrument that will be much sought after in the future IMO.

boyptc

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Quote from: shoreno on February 06, 2019, 08:41:25 AM

Quote from: boyptc on February 05, 2019, 11:51:55 AM

Quote from: ?? on ??

Quote from: boyptc on February 04, 2019, 03:58:58 AM

Haha if ever I had a kid and asks me that, I'll say yeah I'm a nerd and I'm proud of it.

Going back to that, most of the successful and intelligent people are also called 'nerds' but they wouldn't mind that. I'm fine if someone calls me that because in this generation, there's a description and belief that nerds = smart people.

So if these folks keeps on titling bitcoin as nerd money, bitcoin's for smart people who uses smart currency(BTC).

Right I agree with you, nerds people are so smart and intelligent. If someone called me nerds I don't care cause I know in myself I am successful than them, cause I know the new technologies of cryptocurrency.

Majority doesn't really care if they will be called nerd or what. It almost means nothing to us, we're all bitcoin nerds and we're minding our own business.

Unlike those people that never stops making fun of using that word, they should get a life.

Nerd means you are smart and it makes me feel happy when someone said it to me but deep inside im not really smart .

im just an average joe with an average i.q and besides btc is not really that hard to operate . it just needs basic understanding .

even grade 1 section eleven can understand this kind of stuffs that we are dealing with right now.

I'm not smart as well and I just adapt things that I'm with right now. But being called smart depends on how you're going to accept it, there's nothing bad to be called as that.

Kids will think that this is bad but for someone who's mature enough to understand things will never think of this as bad call.

St4yInTh3D4rk

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Quote from: Kakmakr on February 08, 2019, 01:55:10 AM

So, most of the people in this thread agree on one thing, Bitcoin is Smart Money and Fiat currency is Stupid Money. Also, the people who label Bitcoin as Nerd money are not that smart or should I rather say, not smart enough to use it. Grin

A label will not deter smart people to replace Stupid technologies with Smart technologies, it will just motivate them more to prove stupid people wrong. I say again, ---<< Nerds will rule this world >>--- Grin

Bitcoin is not just smart,its ultimate because no one can ask you why you are using this are paying to someone only you are in the full authority of your money,full freedom.Just use #freedomofusingourmoney to label the bitcoin and trend it everywhere. Cheesy

Kakmakr

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So, most of the people in this thread agree on one thing, Bitcoin is Smart Money and Fiat currency is Stupid Money. Also, the people who label Bitcoin as Nerd money are not that smart or should I rather say, not smart enough to use it. Grin

A label will not deter smart people to replace Stupid technologies with Smart technologies, it will just motivate them more to prove stupid people wrong. I say again, ---<< Nerds will rule this world >>--- Grin

aoihs00

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I guess its not. As you mentioned about PayPal or any forms of digital money out there, it carries no label like nerd money even though an illiterate person is using it by means of basic knowledge of handling internet (Logging in and out of account, transferring money etc.).

Guess what, there is an UPI system which is now widely used by every smartphone holder in India whether they have IT skills or not. Plus it is too far fetched and associated with IT skills, because all you need to know is how to press few buttons to transfer and receive the digital form of money.

I guess that way calling bitcoin as nerd money is also off the book definition. Its just another way of digital money platform for "Common man". The background stuff is associated with IT's and nerds who make it work smoothly, the same way they do it for PayPal, visa, or numerous other platforms.

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