Education and money as the key to Bitcoin adoption. - page 5.

Agbe

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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,

Before anyone becomes Bitcoin enthusiast, he or she has already well grounded on Bitcoin. Bitcoin enthusiast is a person who knows Bitcoin so education, technical know-how and awareness is not a problem of the person.

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

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,

The first clause and the second clause of the above sentence are contradicting each other on my own understanding. "It is high time" means compulsory "but don't force" becomes personal willingness. So I see it two opposing classes.

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

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.

Then they need to have internet access before the orientation of Bitcoin. Because if you tell them without the internet facilities, it's like and education without writing materials which can be forgotten at any moment.

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

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

That is what we suffered in Africa education. Biology, physics, and Chemistry teachings with diagrams but no practicals so at the end we were still uneducated.

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.

But from what you have said from the beginning, there would be no practical classes in the process since there would be no internet access.

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

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.

Now, you being a Bitcoin enthusiast, compare this your statement to the first paragraph and me the differences.

someone703

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Knowledge is really important in our lives, in this market even those who have bought and sold them do not necessarily understand them, I understand that it is a mistake to not learn it but have used it. It's like you don't know how to drive a car, but you drive it on the road by yourself.
Investing in Bitcoin requires knowledge and preparation. Whether you have the money or not, learning about this technology is important. Money is only one part of investing, and understanding Bitcoin will help you make informed decisions. Please understand that Bitcoin is subject to change and has its own risks. Should always follow consideration and do not rush in your investment decisions.

Blitzboy

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It's true that most people's inability to grasp and appreciate Bitcoin is a bigger barrier than their lack of financial resources. As a group, we need to work tirelessly towards the common objective of Bitcoin education.

It is essential to offer a whole picture of Bitcoin, not simply the positives. The decentralisation of Bitcoin's monetary system is really revolutionary, yet the cryptocurrency is not without its flaws. The dangers of unchecked markets and its use make it a two-edged sword.

While lack of Internet connectivity is certainly a hindrance, it is not insurmountable. Smartphones in particular are becoming more commonplace all across the world. Literacy in Bitcoin might be promoted even in locations with minimal connection with the use of cheap data subscriptions and instructional applications.

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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,

I love that you added not forcing them to learn but at the same time talk about preaching about bitcoin which in a sense is really weird since it's contradicting.

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

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.

You know, my assumption when someone doesn't have an access on the Internet is that they're dirt poor and I base that assumption in my observation that a lot of people has phones nowadays so these people not having any access to the Internet means that even if they are willing to acquire the knowledge, they wouldn't be able to use it because they're struggling in the survival department so I don't see how they will prioritize investing in something volatile than use that would-be investment money to just feed themselves and their family.

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

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Again with my point above, they will not have any uses for that even if they're the most eager people to learn about bitcoin. My take on this is that you teach them how to improve their lives first, say they are a poor farming community, you can teach them ways to improve their farming aspect of life, that's more helpful to them than just straight up teaching about bitcoin, maybe even put crypto websites as sponsors so in a way, you are still exposing them indirectly to cryptocurrency.

Flexystar

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Bitcoin is already published to most of the corner of world. Imagine there was time when nobody actually knew about the Bitcoin however suddenly there are various news about the crypto institutions up rising everywhere, banks getting involved with Bitcoin directly, countries becoming epicenter of the bitcoin, some of them are even trying to be Bitcoin Hub. Not just that, Bitcoin even getting in the news in negative way with court cases, filings, fraud news about the money laundering, criminal cases rising, public lootings of Bitcoin from the owners and what not.

I am not sure if this is not the publicity and enough get to know dram for Bitcoin then what is?

I am not saying education is not mandatory, but just to know that Bitcoin exist we already have plenty of mediums who are letting the world know about it. With the time this is even going crazy as the exchanges are getting flattered with SEC and CBDC drama, strict regulations and what not.

Bitcoin needs to be adopted naturally and not by force. Today's generation will surely get into it, but they can't be forced to do it.

Xampeuu

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knowledge about bitcoin that is still minimal makes bitcoin adoption unable to develop quickly. but moreover bitcoin regulation makes many people unable to fully trust it, many people are rethinking about it, so even for investment they are still hesitant. however, by having knowledge about bitcoin, it will open his horizons to see the future of bitcoin later. therefore the importance of education about bitcoin so that you can invest calmly so you don't miss golden moments like today

lovesmayfamilis

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I agree that education should be a top priority on your Bitcoin journey. But I know from experience that just theory will not give you all the understanding and experience you need, so people are always in a hurry to move on to practice. But the availability of knowledge does not always coincide with the availability of funds for investment, unfortunately. And here we can again take the side of Bitcoin, saying that it allows you to invest even the smallest amounts of funds, which in most cases becomes a good magnet for showing real interest in studying this industry.

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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.

Not having money to invest in Bitcoin shouldn't be an excuse why you aren't invested in Bitcoin, you spend money daily for things that aren't necessary or adding any value to you life. Instead of wasting those money you can keep then to buy Bitcoin through dollar cost average. You don't need that new phone, clothes now, you should use the money to invest in Bitcoin. Bitcoin investment doesn't have to be done in thousands but you can keep the little cash you get and buy Bitcoin slowly.

Education without practical is pointless, we need to invest so we can make good use of our education to elevate ourselves from our current financial problem. Only invest your spare money that's the best way to invest and we have lots of spare cash often but we use it wrongly.

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Education has very little to do with Bitcoin, if you are an illiterate you won't even be able to write and read on this forum and Bitcoin doesn't need any form of education level, I don't further my education after college and I know many things that even high level degree holders don't know, if you can read and write you can understand Bitcoin to for fullest and if you want to practice how to set any Nodes or run miners you can easily do this too, there are videos and also tutorials about how to connect your miners to a pool.

Lack of money is still not the end with crypto, if gou don't have money you can still make money in the crypto space, this is one of the few things I love about crypto, some friends of mine that made over 2000$ through Arbitrum airdrops are holding and some sold for Bitcoin.

They never saw that coming and they are grateful that they listened to my advice, I know that money has a big role to play in investment but you can get away with no money sometimes through other free ways but completing some tasks for new projects.

Hyphen(-)

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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,

Not just with regard to Bitcoin, ignorance is bad and always degrades society as a whole.

Speaking of spreading awareness of Bitcoin, we need to be well-prepared because what we tell others will be what they utilize. Accordingly, I believe there is a need for us to learn more about Bitcoin before we tell others about it.

Quote

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.

Yes, I agree with you that money is one of the major factors that plays an important role in Bitcoin investment, because without money, one cannot invest. But knowing what you are investing in is also very important, because if you have money and do not know what you are investing in, it is like a waste of money because your investment might fail. Therefore, gaining knowledge first does help in Bitcoin investment.

Actually, giving good awareness about Bitcoin will increase the rate of Bitcoin adoption globally; therefore, anyone who is given awareness should understand the entire concept of Bitcoin before being given awareness to avoid being given wrong information about Bitcoin.

Sim_card

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The knowledge of bitcoin is the most important aspect of fast adoption because I guess that if almost everybody in the world knows about bitcoin just like the way people know about US dollar. Bitcoin is getting more famous because the government are always scared of it and directly or indirectly they are making it more popular by talking about it positively or negatively,also about crpytocurrency regulation. You can also render a service to get bitcoin,buying bitcoin is not the only way to own a bitcoin. Money is everything and those who can't afford to buy bitcoin,if they have the knowledge of bitcoin,they can decide to ask for their payment in bitcoin. My friend that introduced my to this forum got his first bitcoin from signature campaign,which some of us are also earning bitcoin through signature campaign. I know that in ten years time bitcoin will be a song in everyone's mouth.

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

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.
~
In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Nonsenses and absurd takes!

What you spout is truly bullshits. People who did not get basic internet access should have gotten something more basic instead of a mere Bitcoin education. Bitcoin has nothing to do with a precondition of people who lack primary access to internet connectivity. Besides, we can assume those who did not have access are also having more concerning problems, for example, education in general, or even famine. So, it is ridiculous to increase adoption by only focusing on such kind of conditions.

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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,

The adoption of bitcoin is one of a gradual process and can't say there's no meaningful progress sofar, like the internet when it was first established there were many contention with not much acceptance and usage by many but almost everyone under the sun makes use of the internet in different ways. So bitcoin adoption by all, it's all a function of time.

Educating on bitcoin doesn't necessarily need to be on the technical aspects, in as much as a person can do bitcoin transaction, knows how to secure his private keys safely that's alright. Except for those that wants to go professional with bitcoin in terms of the different areas of specialist concerned with cryptocurrency.

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

First, anything needs money, if we discuss about any subject, money always play.

And yes, nowadays, to invest in Bitcoin, people need money. That's different from a few years ago, when people could search and get Bitcoin for free and many people even got it through faucets.

We can teach people to start investing in Bitcoin, but we must warn them that they only use the money they can afford. There is no need to go overboard in investing in Bitcoin, let alone to use a lot of money when we also still need that money to survive.

People still struggling to think about how they will survive will not start investing in Bitcoin because they will put their interests or fulfilling their needs over investing. That is a normal thing because the necessities of life are their number one priority. But they can even start investing in Bitcoin with small money and regularly buy at the current price.

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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.

Doan9269

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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,

As you've said earlier, bitcoin education will require money, education, time and the release materials for impacting such knowledge and if one desires to take this as a responsibility, then he will definitely arrived at the targeted aim despite the challenges to pass through while having bitcoin education take place, it's a sacrifice and not everyone can give it all it takes when it comes to it's demands for educating others in bitcoin

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

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

There are local and remote areas where there's no internet opportunities and yet we cannot conclude on avoiding them from knowing the good opportunity that comes with bitcoin even though they might starts from a theoretical apsect of it before advancing to the practical demonstration when there might be internet connection or when they have the opportunity of going to the developed cities, also there a way one can make use of bitcoin transaction without the ise of internet connectivity right from the mobile phone device.

Helena Yu

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First, anything needs money, if we discuss about any subject, money always play.

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.

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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, ... ...

First, convince yourself.
Second, tell the closest people like your wife ^{[if you are married]}, sister, brother about Bitcoin. The things to tell them are the advantages and disadvantages. Tell them how to buy and store Bitcoin.
When everything about Bitcoin has been told to them, let them think before they decide to involve themselves or not.
With clear and directed delivery, they can judge for themselves the negative information circulating.
Rest assured, from them Bitcoin information will be widespread with good purpose.

Preaching about Bitcoin cannot all be done openly in certain countries. Maybe in my country Bitcoin and crypto are still given a chance as commodity assets, what about countries that prohibit their citizens from being involved in all forms of crypto and if caught will be given strict sanctions.

I always support efforts and efforts related to informing about Bitcoin to all circles with the aim that all humans understand and know about Bitcoin.

uchegod-21

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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.

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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

I don't need to understand technical things of Bitcoin, its open source code to use it. If you want to use it, it's simple than you think. If you want to use it more effectively, learn a little bit. If you want to engage in development, learn to code with deep technical knowledge. Different Bitcoin enthusiasts, different needs and different approaches.

Quote

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.

You can learn with Bitcoin Testnet, use Bitcoin Testnet if you want to understand it, practice with its testnet blockchain before use it on the main chain.

You don't need to have money, it is not a mandatory requirement. If you have knowledge and skills, you can work to get bitcoin. You don't even have to spend money to buy it. Using money to buy bitcoin is only one of many options. Besides using your knowledge, skills about Bitcoin to work and get it, you can get it if you have a small business, a grocery and accept Bitcoin from your customers.

Bitcoin accepted here!

Topic: Education and money as the key to Bitcoin adoption. - page 5. (Read 735 times)