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Topic: "Everyone already knows about bitcoin" no.. no they do not.. - page 28. (Read 14833 times)

sr. member
Activity: 672
Merit: 250
So true. I would say that only 1% of the population of the world knows bitcoins. If it is not 1% probably below 5%. This is probably why there aren't many companies or establishment accepts bitcoins as of yet. However, I believe in bitcoin and maybe in the near future it would be accepted by more people. If it does we would see more people using it in everyday lives.

One of the main reason, in my opinion, why not many company adopt bitcoin because of their concern on the probable issue they will encounter in the future if the use Bitcoin or accept bitcoin in their company.  Big company have their own system and does not automatically accept or make any changes.  They need to deal with it carefully because the future of their company rely in it.  They are always on the legalities of things to protect their reputation.

Probably, unless the coin becomes one of the most usable and trustable currencies in the physical world the companies cannot really take a risk of adopting it as they know it wont be good for them if something happens in future which may put some affect on their company.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
I already did the same thing before to some restaurant here in my country but only one time after I asked one of their crew if they are accepting bitcoin for payment she asked what's bitcoin sir ? and then I said "uhm nothing miss" just to not make a long conversation about it Grin even some of my campus mates who has the same course with me didn't know what is bitcoin . maybe it is just lack of exploration because most people around the world only minds what are the common trends on social media and they don't mind what are the trends about technology .
copper member
Activity: 1050
Merit: 500
So true. I would say that only 1% of the population of the world knows bitcoins. If it is not 1% probably below 5%. This is probably why there aren't many companies or establishment accepts bitcoins as of yet. However, I believe in bitcoin and maybe in the near future it would be accepted by more people. If it does we would see more people using it in everyday lives.

One of the main reason, in my opinion, why not many company adopt bitcoin because of their concern on the probable issue they will encounter in the future if the use Bitcoin or accept bitcoin in their company.  Big company have their own system and does not automatically accept or make any changes.  They need to deal with it carefully because the future of their company rely in it.  They are always on the legalities of things to protect their reputation.
member
Activity: 89
Merit: 10
Your Friend
Now bitcoin price is over 800$. More and more people will start searching about bitcoin
You are right. The people that really uses the internet every day knows about bitcoin and fewer are the ones that actually use it , because they either think of it as a useless thing other thing on or they find it complicating , but also the lack of support for the bitcoin by the community made it even harder to come across it  but I think that in the near future everyone will know about it.

Until they make their first step. Create a wallet and make a transaction. They will fill more secure and will search even more.

 In my last post the price was close to 800$ and now is 900$!
hero member
Activity: 686
Merit: 510
The same is in my country there are not much people who know about bitcoin but only some of them and they are those people who are the students of computer science or of software engineering or who have spend a good time in online earning from home. while all others even the students of business and economics do not know about it.
That's really normal. Those software engineering and computer science students know bitcoin to expand their knowledge, while student like you have been mentioned such as business, economics, or another category which are really don't have relation to the technologies don't really require them to expand their knowledge about a techy thing,it's not their business by the way
Most people don't know or even bother about the tech, but the adoption is growing, I'm sure of it. In fact I just saw for the first time a restaurant accepting BTCBTCBTC in my area, and it made me proud.  Grin Grin Grin
Amazingly, this may be followed by a restaurant or other shopping venues. in my place bitcoin is prohibited, but bitcoin can use for some shopping online. In my country maybe not more 0,0001% that know bitcoin. This makes me sad.
The same is in my country there are not much people who know about bitcoin but only some of them and they are those people who are the students of computer science or of software engineering or who have spend a good time in online earning from home. while all others even the students of business and economics do not know about it.
That's really normal. Those software engineering and computer science students know bitcoin to expand their knowledge, while student like you have been mentioned such as business, economics, or another category which are really don't have relation to the technologies don't really require them to expand their knowledge about a techy thing,it's not their business by the way
I definitely agree with you! because those courses that were computer related or technology related have more chances to know about bitcoins, the process, the price and anything inside the bitcoin.
hero member
Activity: 882
Merit: 506
So true. I would say that only 1% of the population of the world knows bitcoins. If it is not 1% probably below 5%. This is probably why there aren't many companies or establishment accepts bitcoins as of yet. However, I believe in bitcoin and maybe in the near future it would be accepted by more people. If it does we would see more people using it in everyday lives.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
The same is in my country there are not much people who know about bitcoin but only some of them and they are those people who are the students of computer science or of software engineering or who have spend a good time in online earning from home. while all others even the students of business and economics do not know about it.
That's really normal. Those software engineering and computer science students know bitcoin to expand their knowledge, while student like you have been mentioned such as business, economics, or another category which are really don't have relation to the technologies don't really require them to expand their knowledge about a techy thing,it's not their business by the way
full member
Activity: 154
Merit: 100
Most people don't know or even bother about the tech, but the adoption is growing, I'm sure of it. In fact I just saw for the first time a restaurant accepting BTCBTCBTC in my area, and it made me proud.  Grin Grin Grin
Amazingly, this may be followed by a restaurant or other shopping venues. in my place bitcoin is prohibited, but bitcoin can use for some shopping online. In my country maybe not more 0,0001% that know bitcoin. This makes me sad.
hero member
Activity: 686
Merit: 510
Everyone knows but they don't understand what is bitcoin and what benefits they can get in bitcoin. As you mentioned, they wouldn't know this digital currency because they are so busy in their own career. They were so dedicated to do their jobs properly and they don't have time to face their laptops, computers, even cellphones or tablets to make a research about these digital currency or virtual currency.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
Most people don't know or even bother about the tech, but the adoption is growing, I'm sure of it. In fact I just saw for the first time a restaurant accepting BTCBTCBTC in my area, and it made me proud.  Grin Grin Grin
legendary
Activity: 1652
Merit: 1057
Now bitcoin price is over 800$. More and more people will start searching about bitcoin
You are right. The people that really uses the internet every day knows about bitcoin and fewer are the ones that actually use it , because they either think of it as a useless thing other thing on or they find it complicating , but also the lack of support for the bitcoin by the community made it even harder to come across it  but I think that in the near future everyone will know about it.
member
Activity: 89
Merit: 10
Your Friend
Now bitcoin price is over 800$. More and more people will start searching about bitcoin
hero member
Activity: 644
Merit: 500
The same is in my country there are not much people who know about bitcoin but only some of them and they are those people who are the students of computer science or of software engineering or who have spend a good time in online earning from home. while all others even the students of business and economics do not know about it.
hero member
Activity: 1078
Merit: 514
Many people have heard about it, but was unable to explain how it works.
That's correct. Many people think that bitcoin is something like a pyramid and that's mostly because of they don't know good enough what bitcoin is. exactly that disturbs people to get join to bitcoin world and start to make some extra money.
sr. member
Activity: 476
Merit: 250
Yes i agree with you i have asked all my friends also their family they never hear about bitcoin
and my family not familiar with bitcoin but paypal is familiar for them
i should do more to attract them to know more about bitcoin and use it
of course they are not familiar with bitcoin, because bitcoin is not very well known and certainly bitcoin not a global known, even I doubt there must be government officials who do not know bitcoin ?
Let us unite to make bitcoin be famous
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
Many people have heard about it, but was unable to explain how it works.

Its different situation here, many people have heard about bitcoins, but they are not interested enough to learn more about it. For that we can blame `bad advertising, on tv in most cases bitcoin was mentioned they talk about some criminal activitiry, and in second case persons that should explain didn`t know how to do it properly.
This is two main reasons why people didn`t learn about bitcoin yet. People who get interested had a wish to explore and learn more, they are sure here now.
sr. member
Activity: 280
Merit: 253
Many people have heard about it, but was unable to explain how it works.

To drive a car you don't need to know how it works, but you should still learn the highway code. The same thing is with Bitcoin, to use it you don't need to know the cryptography behind it works or how the blockchain makes Bitcoin transactions possible, but you should understand, for example, that transactions are irreversible with Bitcoin. A lot of people don't even understand how money works in general, but this doesn't prevent them from using and earning it.
a very good point and i like the analogy. if bitcoin goes mainstream not all people will understand it beyond the point of knowing how to use it. but if you know how it works and understand it, then you be more safe. you do not get screwed by the mechanic and would stop if you brakes start to lose their function.   
hero member
Activity: 742
Merit: 526
Many people have heard about it, but was unable to explain how it works.

To drive a car you don't need to know how it works, but you should still learn the highway code. The same thing is with Bitcoin, to use it you don't need to know how the cryptography behind it works or how the blockchain makes Bitcoin transactions possible, but you should understand, for example, that transactions are irreversible with Bitcoin. A lot of people don't even understand how money works in general, but this doesn't prevent them from using and earning it.
full member
Activity: 232
Merit: 100
Many people have heard about it, but was unable to explain how it works.
member
Activity: 107
Merit: 10
Bitcoin unionhead who's neglecting fiat :)
The BTC might be used from many people around the world but that doesn't mean that everybody know about that. Am not surprised about that it's very reasonable. The population is over 7B people and there are 21M BTC :p. And there is not only that, it depends also from the growth of each country etc
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