Education and money as the key to Bitcoin adoption. - page 4.

Wind_FURY

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Quote from: kryptqnick on July 06, 2023, 05:27:09 AM

It's really important not to oversell Bitcoin because that can cause a lot of negative reactions from people and associations with scams, Ponzi schemes that people promote because they really need others to join.

If there's a community that doesn't have the Internet connection, I think working on providing that connections and helping to learn the basics of using the Internet. Such people don't need to learn about Bitcoin unless they're really interested because first things first.

As for knowledge not being a waste, even if a person doesn't have enough money to invest into Bitcoin, I agree with the op on that.

In the context of "not overselling" to onboard people, it's also very important to tell people Bitcoin's limitations and how ownership of Bitcoins require total responsibility from the person himself/herself. Lose your keys, then you lose your Bitcoins. ¯\_(ツ)_/¯

People should be ready to take responsibility to own their first coins because if they can't, they shouldn't own Bitcoin OR they should probably start wih a very small amount.

SmartCharpa

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Quote from: Promocodeudo on July 06, 2023, 02:48:00 AM

Some people don't care about Bitcoin because they don't understand how
It works and how it is, and I have made it an obligation to help people that I tell about Bitcoin, that has found it interesting to reach the extent of comprehending what Bitcoin is, and also make them know that the technology has come to stay, irrespective of the availability of cash for investment, acquire the knowledge.

That was a wise choice you made, so if there is anything in life that can help everyone achieve their goals, we shouldn't be so selfish as to keep it from them. For example, there are many people who would really like to invest in bitcoin but don't know much about it or the existence of this forum. If we have any friends who have this desire, it would be a good idea to introduce them to bitcoin.

Quote from: Promocodeudo on July 06, 2023, 02:48:00 AM

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
So the other stuff which is money becomes secondary, continue pushing, any day you get the funds to invest in your own time, stop limiting yourself by not being prepared before the money comes will be considered as the greatest mistake, be yourself don't be in a hurry more things may unfold before you invest maybe you might be lucky bitcoin for one bitcoin for everyone.

Yes, we shouldn't be too anxious to advance beyond our capabilities. For instance, someone who has recently joined this forum might feel the need to rank up quickly without contributing or doing any research on bitcoin to produce a good quality post. If we continue to put in the effort, everyone will start to have money to invest in bitcoins with the amount they can personally afford.

bayudndy

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I can imagine a number of stories and computers, internet, or phones,... to talk about the evolution of humanity in recent decades but it's clear we're generations of users. Using the results of the process of the above appearing, similar to bitcoin I understand many features that appear on it both in terms of technology or financial perspective, but knowledge with it is like a vast ocean and people will find its own value in accordance with their lives. Even in my daily life I can't talk about bitcoin with my 70+ year old grandmother, nor some relatives, so the audience we want to convey information to is not always present. Now, maybe I've simply heard about it but haven't bothered to see what it is and it's a fact that goes around for me.

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Quote from: Promocodeudo on July 06, 2023, 02:48:00 AM

Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.

The best way to learn is on practice. Not everyone is able to absorb only theorical knowledge. I believe the right thing to do is to expose most people as possible to Bitcoin for real. I understand it's hard to do this at the present moment, since the most efficient tool to introduce new enthusiasts to BTC, which were faucets, is failed, but people can still invest some pennies of their local currencies on BTC, storage their coins inside a wallet and wait until seeing their holding grow in value. That will encourage them to invest more and more along the time.

However, they have to see practical benefits on it. They have to see it's an investment with superior potential when compared to the investments' alternatives they find at local banks. They have to see Bitcoin rises on long term, while their fiat currencies are eaten by inflation.

If Bitcoin doesn't change their lives, hardly ever they will continue enthusiasts of it futurely.

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If you will explain to the people who are just new with the word of bitcoin they get ignore those because they don't know how does it works and what are the benefits of it but once they knew something that caught their interest they can now easily caught their attention because it's their ego to want to learn more. There's a lot of data in the internet just a click away to get the specific answer to your question reason so you can educate your self what are the perks of using It so you don't get left behind.

Quote from: KiaKia on July 07, 2023, 10:46:09 AM

Quote from: Frankolala on July 07, 2023, 05:23:08 AM

The best way the poor can buy Bitcoin is to look for a way to buy Bitcoin and keep in their wallet? So how will the rich buy their own Bitcoin if not the same exact way? When you have an income problem you can only fix it by getting a better job that pays more or enough to cover all your expenses, that's when you will be able to put aside some money for investment.

Bitcoin is not for the all people it's ideal only for the people who have the opportunity to have it. Poor people surely use those money to survive and not to create an investment. With the people who have a budget they can still survive plus their extra money can do an investment to risk.

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Quote from: Frankolala on July 07, 2023, 05:23:08 AM

Good knowledge on bitcoin will help bring out a good practice,and practice brings experience. Bitcoin can be bought with very small amount of money and money shouldn't be the challenge to buy bitcoin.

As for people that lives in a remote area,they do have access to the internet because internet is part of our lives presently,so I don't think that this will be a problem for them. The best way the poor can invest on bitcoin is to look for a way to buy their bitcoin and just keep it in their wallets. If you are holding for long,you don't need to be checking your wallet often. It is just like you put in money into a fixed deposit.

Money is a big challenge for so many people in the world that investment seem impossible for them, there are people in the world that are hard-working but the responsibilities they carry leaves no room for any money going into any investment plans, don't say that money shouldn't be a challenge to buy Bitcoin, it's actually is.

The best way the poor can buy Bitcoin is to look for a way to buy Bitcoin and keep in their wallet? So how will the rich buy their own Bitcoin if not the same exact way? When you have an income problem you can only fix it by getting a better job that pays more or enough to cover all your expenses, that's when you will be able to put aside some money for investment.

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Quote from: icalical on July 07, 2023, 06:32:38 AM

Advertising Bitcoin to someone that doesn't even have a internet will not work. I don't think you can just skip a level on technology adoption, if a group of people don't even have internet access it will be better to get them an internet access first, let them learn on how to use it, familiarize it. Then after it we can guide them to browse for information about Blockchain and Bitcoin.

Yes that's an exact statement, you said something very basic. It's impossible for them to know today's technology, especially cryptocurrencies if they don't have the internet as access to connect them. In fact, it is not uncommon for those who have sufficient internet access but do not know what cryptocurrency is, even though on the other hand this knowledge is very important and it would be nice if they could start investing because it would be very helpful in supporting their economic burden in old age. Lack of education in my opinion will not be a big problem for them to be successful here because in this modern era various knowledge is very easy to obtain, but it returns to each individual in taking advantage of an opportunity. I hope everyone will be aware of the various opportunities they can get and take advantage of in the investment world.

Quote from: virasog on July 06, 2023, 10:22:10 AM

One of the factors regarding slow Bitcoin adoption is the lack of support from the government. If government encourages the use of Bitcoin, believe me, the bitcoin adoption will double at the rate at which it is going now.

Anyhow, this does not mean that knowledge and awareness should not be focused. I think everyone should take the responsibility to spread the word about Bitcoin to his near and dear ones. Also, I don't see that majority of the governments will regulate it anytime soon, it is only our efforts to bring as many people to Bitcoin as possible.

If the government legalizes its use, I think most people will find Bitcoin a good alternative, because as we know, there will be a lot of benefits for society if the government agrees to legalize it. I hope the government realizes what we really need in this increasingly sophisticated era.

wtsimis

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Education and financial literacy play an important role in bitcoin adoption. Understanding the fundamentals of Bitcoin as a complex and evolving technology requires an understanding of aspects such as blockchain, cryptography and decentralization. Financial signatures are essential to responsibly navigate the world of cryptocurrencies and enable informed decisions about securing investments and managing digital assets. There are many communities in the world that still do not have internet connection. I think bitcoin education will help those communities learn about internet connectivity and bitcoin usage. Bitcoin education is not given much legitimacy by the government of most countries because the government is afraid of Bitcoin. The government feels that this leads to a higher likelihood of money laundering.

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Quote from: DanWalker on July 07, 2023, 07:50:42 AM

Quote from: Blitzboy on July 07, 2023, 07:31:31 AM

Quote from: Captain Corporate on July 06, 2023, 10:53:38 PM

First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.

You state that widespread use of cryptocurrency will take some time. I see your point. However, I would argue that it is less about time and more about necessity, based on my own inflated sense of knowledge. Today's society embraces new technologies at a breakneck pace. You make a false comparison when you say that it took millennia for money to become widely used. Cryptocurrencies are not a new idea like money was. What we have now can be found in digital form.

I find it a terrible pill to swallow that you bring up the difficulties of the elderly. If the motivation is great enough, people of any age can change. I've witnessed seventy-year-olds learning how to use iPhones like it's nothing. If cryptos really prove to be as important as you claim, then its adoption would be inevitable across all age groups.

You are right, we should not compare the acceptance of money in the past and cryptocurrencies in the present. Cryptocurrency adoption will become faster if it really becomes important and gets government support. While cryptocurrencies are theoretically seen as the technology that will change the future of the financial industry, it is fair to say that it is only being used as a speculative tool, so the demand for it is not the spike is also understandable. Not everyone is passionate about investing, so for bitcoin to become globally popular takes much more time than we think.

indeed there are many cases around us who are reluctant to learn bitcoin because there is no regulation from the government, and that means they are not interested in investing and adopting it and learning about it. it is a natural thing, especially for the elderly, of course they choose a safe path. but we have to realize that the development of bitcoin adoption is slow due to the lack of support from the government, and I think if there is socialization from the government it will be easy to provide education, because as you said, even small children are good at using smart phones, and of course they will easier to teach him

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Quote from: Blitzboy on July 07, 2023, 07:31:31 AM

Quote from: Captain Corporate on July 06, 2023, 10:53:38 PM

First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.

You state that widespread use of cryptocurrency will take some time. I see your point. However, I would argue that it is less about time and more about necessity, based on my own inflated sense of knowledge. Today's society embraces new technologies at a breakneck pace. You make a false comparison when you say that it took millennia for money to become widely used. Cryptocurrencies are not a new idea like money was. What we have now can be found in digital form.

I find it a terrible pill to swallow that you bring up the difficulties of the elderly. If the motivation is great enough, people of any age can change. I've witnessed seventy-year-olds learning how to use iPhones like it's nothing. If cryptos really prove to be as important as you claim, then its adoption would be inevitable across all age groups.

You are right, we should not compare the acceptance of money in the past and cryptocurrencies in the present. Cryptocurrency adoption will become faster if it really becomes important and gets government support. While cryptocurrencies are theoretically seen as the technology that will change the future of the financial industry, it is fair to say that it is only being used as a speculative tool, so the demand for it is not the spike is also understandable. Not everyone is passionate about investing, so for bitcoin to become globally popular takes much more time than we think.

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Quote from: Captain Corporate on July 06, 2023, 10:53:38 PM

First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.

You state that widespread use of cryptocurrency will take some time. I see your point. However, I would argue that it is less about time and more about necessity, based on my own inflated sense of knowledge. Today's society embraces new technologies at a breakneck pace. You make a false comparison when you say that it took millennia for money to become widely used. Cryptocurrencies are not a new idea like money was. What we have now can be found in digital form.

I find it a terrible pill to swallow that you bring up the difficulties of the elderly. If the motivation is great enough, people of any age can change. I've witnessed seventy-year-olds learning how to use iPhones like it's nothing. If cryptos really prove to be as important as you claim, then its adoption would be inevitable across all age groups.

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Quote from: Helena Yu on July 06, 2023, 04:36:26 AM

Quote from: Promocodeudo on July 06, 2023, 02:48:00 AM

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

I need to disagree, those aren't the major factors that affect people to buy Bitcoin. There are only two major factors: religion and government.

The government isn't supporting Bitcoin, they would discuss about it and then said Bitcoin is a high risk investment. There are many bad news related with Bitcoin e.g. CEX hack, people lose Bitcoin etc, not to mention the government ban Bitcoin. This make people scared to buy Bitcoin.

There's a religion which said Bitcoin is haram, even though you've explain Bitcoin isn't haram, but they will keep say Bitcoin is haram.

The main impediments to the growth of Bitcoin are numerous and relative to different countries. In OP's country, lack of Bitcoin awareness might be the major problem because the government is friendly with Bitcoin. His comments are based on the experience from his country, yours might be different. Religion may be a problem in most Islamic countries but other secular states don't have such beliefs about Bitcoin. An example is the wonderful news that is coming from the United Arab Emirates about the cryptocurrency sector. The kingdom has established a crypto-free zone and exempting some crypto-related businesses from tax. The UAE is an Islamic country but it is gunning to be a crypto hub in the future. Government policies, religion, lack of education or awareness and so much more are challenges Bitcoin is striving to overcome.

Quote from: icalical on July 07, 2023, 06:32:38 AM

Advertising Bitcoin to someone that doesn't even have a internet will not work. I don't think you can just skip a level on technology adoption, if a group of people don't even have internet access it will be better to get them an internet access first, let them learn on how to use it, familiarize it. Then after it we can guide them to browse for information about Blockchain and Bitcoin.

Spreading the news about Bitcoin shouldn't be a do-or-die affair. Bitcoin education without internet service will just be an academic exercise. We should take any opportunity we have to introduce Bitcoin to the right population but it is not a mandate. For security reasons, I can decide not to tell anyone about the currency. I think Bitcoin education will spread seamlessly as more people begin to see its importance.

icalical

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Quote from: Promocodeudo on July 06, 2023, 02:48:00 AM

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

Advertising Bitcoin to someone that doesn't even have a internet will not work. I don't think you can just skip a level on technology adoption, if a group of people don't even have internet access it will be better to get them an internet access first, let them learn on how to use it, familiarize it. Then after it we can guide them to browse for information about Blockchain and Bitcoin.

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Quote from: uchegod-21 on July 06, 2023, 04:23:35 AM

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.

Yeah thats the simple truth and I would take myself for an example because its not been long I actually embrace and understood the basic concept behind bitcoin. But before now I was having a totally wrong view toward bitcoin as I taught it was used for scamming people but after being introduced to the forum here which didn't take me long to understand the concept because its simply not hard because if you are dedicated to learn you will surely learn because in order for one to invest , you only just need to know about the basis thats is behind bitcoin which is pretty simple and not all about the technical aspects.

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Good knowledge on bitcoin will help bring out a good practice,and practice brings experience. Bitcoin can be bought with very small amount of money and money shouldn't be the challenge to buy bitcoin.

As for people that lives in a remote area,they do have access to the internet because internet is part of our lives presently,so I don't think that this will be a problem for them. The best way the poor can invest on bitcoin is to look for a way to buy their bitcoin and just keep it in their wallets. If you are holding for long,you don't need to be checking your wallet often. It is just like you put in money into a fixed deposit.

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First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.

Darker45

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Perhaps the idea of Bitcoin will come in handy when people understand certain things first. For example, even a little understanding of how our fiat system works might actually prepare them when something like decentralization is introduced to them. Or as simple as teaching them how to use and be comfortable with the internet. An understanding, for example, of how mainstream online payment systems work might actually make them embrace Bitcoin more quickly when they finally encounter it.

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I think if in a remote area and in that area there is no internet network, it will certainly make it difficult for these residents to learn about bitcoin unless someone teaches it offline. and it's confirmed that buying btc will also be difficult even if our have money unless our first go to an area where there is an internet network then you can buy btc.

but indeed learning about btc is a good thing because learning about btc has nothing to lose even though for a while our don't have money to buy btc because what our have to prioritize is knowledge first.

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Quote from: uchegod-21 on July 06, 2023, 04:23:35 AM

Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.

Well in my case in my country or at least where I live do not know much about Bitcoin, knowledge is very vague and scarce, I'm in college and there are times when the subject comes to light about bitcoin by me and most of the answers I get is What is that? Or they have a wrong idea about it, if we take it to a statistical level in my university the average that knows about bitcoin is very low... clearly I like to explain and educate them about this blockchain, p2p and teach them a little about why it would be good to invest....

Some time ago here in the forum several people commented their ideas on how to impart more knowledge of bitcoin to people, and I think the best thing would be in economic workshops in schools talk about Bitcoin, give at first a basic concept of, what is it? Who is satoshi nakamoto? solidify a structure of knowledge investment in bitcoin later, it would be a good idea for children to learn more about this world and there is no more ignorance of BTC.

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Quote from: Promocodeudo on July 06, 2023, 02:48:00 AM

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

One of the factors regarding slow Bitcoin adoption is the lack of support from the government. If government encourages the use of Bitcoin, believe me, the bitcoin adoption will double at the rate at which it is going now.

Anyhow, this does not mean that knowledge and awareness should not be focused. I think everyone should take the responsibility to spread the word about Bitcoin to his near and dear ones. Also, I don't see that majority of the governments will regulate it anytime soon, it is only our efforts to bring as many people to Bitcoin as possible.

Topic: Education and money as the key to Bitcoin adoption. - page 4. (Read 737 times)