Topic: Giving bitcoin awareness for easy adoption in my locality - page 3. (Read 397 times)

Sharing knowledge about bitcoin and giving them an awareness of what bitcoin is is a good sign that the people there in your locality are willing to learn.
I want to start that in my area starting with my relatives but upon checking the vibes here, it's not applicable here. That's why whenever I see folks doing their own share for bitcoin, I'm happy and just cheer you guys with the positivity that you're doing.

I am always happy to see devoted people I. This comm6that are ready to spread the news to people around them about what it entails to be a Bitcoin holder and also learn some prerequisite steps that would safeguard us as an investor. Thee are different ways we can inform people about Bitcoin as a cryptocurrency so that the news and more people will keep being informed.

 Promoting Bitcoin is a good thing to the community and that would change people's mindset about the contrary things they might have heard about Bitcoin entirely. Before I came across what Bitcoin really does, I usually thought it was like a ponzi scheme where they do lure people to invest and at the end people could lost there money. Different people with different views. This will make a positive impact.

That's really great to see people working to spread the usage and the need of bitcoin and cryptocurrencies. People are participating with good interest which is the best part. Already there were people spreading the word about bitcoin and one more gets added to the list. Doing needful thing without expecting anything is really great. Maybe what is being shared and taught will surely make these people have life changing experience in the coming years.

You have made a great move by giving these people fresh knowledge about Bitcoin for those of them who are just hearing it for the first time I am sure in one way or another they might have heard about it but this might be their first physical lesson about it.
Since you have narrowed down the importance to them and how it works... I also assume you also taught them about security and if they eventually want to start accepting it on their small business, you, they should know how to protect themself from theft, the best wallet to use. and they should also be aware of crypto up and down price, for most of this market women all they care about is profit when they see their coin reducing in value, they might sell out of panic, some of them might end up harassing you that you introduced them to something that made them lose money...   

First, you did a great job helping Mrs. Sharon successfully pay her vendor from overseas. But most of these women seem not to be interested, so I advise that you don't compel them to accept Bitcoin payments like you or Mrs. Sharon. If only a few among the others find it more interesting, you can further the knowledge so that you don't get blamed for any loss those who don't agree with you may incur.

OP, You taught them about the consequences of using Bitcoin, but it seems you didn't mention to them how Bitcoin volatility works, which is something you also need to educate them on. They should be able to decide how to manage their capitals in times of volatility; although businesses may require such volatility to take advantage of a market surge, if there is a downturn, they can incur losses too. So either they are converting to local currencies after sale.

I hope you succeed introducing all these retail merchants to bitcoin. There are many potential adopters there, as I can see.

As I understood your bank forbade using credit card for international transactions, so you can't import goods anymore. Then your friend contacted the foreigner supplier and he answered that bitcoin payments are accepted. Is that correct?

If so it's already great news. You just have to make sure this supplier is a trustful businessman, but to import goods through Bitcoin can be a great idea and a great way to introduce all those merchants immediately!

These people you see with me are into various businesses, two women among them happens to know me and we do support each other financially,for the growth of any business that is facing challenges. Mrs Sharon is the lady sitting at my right hand side,she own a boutique which she sells unisex wears. She came to me guest house to discuss about how difficult it has been for her to be able to pay her customer oversea for the goods she bought through her master card,which she got from her Zenith bank. I told her that CBN is changing every policy and that there has been a block on international transactions on every master card, and that international transactions online will no longer be possible,only if she will go to her bank for them to provide an alternative way.
 While I was still explaining at length for her to understand properly, I noticed her focus on the bitcoin payment payment which I post on the wall of the reception and bar that says I accept bitcoin payment.

She asked me that what kind of payment method is btc,that she has heard of it on social media and from someone that said bitcoin is a scam. I told her little about bitcoin but she couldn't concentrate on my explanation because she was worried about her goods and she left. I called her that evening and advised her to go to her bank the next day to rectify the issue, I also asked her to call her customer abroad,if he accepts btc payment. I called her the next day and she told me that she was on her way to my guest house from the bank with a friend. Finally, when they arrived,she told me that her customer customer oversea accepts bitcoin payment. She also said her bank couldn't attend to the issue due to much customers and told her to come back the next day. I was relieved when I heard this and I told her that everything is over and she will be able to pay her customer with btc,that it is faster,safer and reliable than the banks but she couldn't believe me. I took my time to explain to Sharon how come about btc,and how I started accepting it as an alternative means of payment in my business. Her friend paid more attention listening and they were also asking questions,which I was given them answers. After seeing what Mrs Sharon is passing through with her bank,it has become a challenge to her business and I know that so many other business people will somehow pass through this situation directly or indirectly. I told her that as business people, we are to follow the new era of digital currency payment method which is done online and adopt it in our various businesses.

I put her through on how to buy btc and how to setup a wallet, she paid her customer and got her goods. She now has a bitcoin holdings. After some days,I thought of how Sharon will always be buying btc with fiat to maker her payment for her goods overseas. So I said let me use this opportunity to spread and teach bitcoin awareness to people in my locality starting with businesses people. Since Mrs Sharon is in a union with business people in her area,I decided to call her an tell her to see if she can talk to them that there is a new development in business,that she has already arranged with someone that will come and teach them about bitcoin,to enable them benefits from it,so that they might consider accepting it as an alternative payment method in their business if they are OK with it. Sharon did as I directed her and informed are business colleagues, the women concluded that for the meeting to be possible, I need to come over to their community because of their busy schedule with their businesses, which I accepted and a date was fixed by them. On the appointed day,when I got to Sharon's place she made calls and within 30 minutes,I saw these people,who said for now they are the only ones who wants to hear what I have to introduce to them.

They took me to this room for the meeting, I chose to carry everyone along for proper understanding by using our local language.I chose to givethem about bitcoin awareness first and teach them the basics of bitcoin concept,so that if any of them is interested to apply it in their business, then I will teach them how to get a wallet and how a buy and receive bitcoin.  If ther e is any interested person among them I have planned to teach next about how to secure their btc safely in their business either by accepting or buying bitcoin in my guest house next.

What I taught them about bitcoin

what is bitcoin
Bitcoin is a digital currency that was launched in 2009, and was created by Satoshi Nakamoto and his group. It is a decentralized and uses peer-to-peer payment system,which prevent third party, institutions and governments when making transactions.

why was bitcoin created
To serve as an alternative means of payment so that people will be free from central control system and giving a common man the capacity to control his funds through a decentralized system.

usefulness of bitcoin
- it is used to pay for goods and services either locally or overseas,in this part Mrs Sharon was they case study which she explained her experience in paying with bitcoin to her customer.
- It can serve as a part time job for traders who are into trading of btc.
- It makes transaction easy and faster.

Importance of bitcoin
- Inflation cannot affect bitcoin, if you have your savings in btc during inflation, if fiat currency depreciates,btc still maintain it's value.
-Btc has a volatile nature, which can make you a quick rich person in a twinkle of eye,if the price hits the bull market at a very high place. The price can also go down and you might be discourage in it.
- You will be the one in total custody of you btc,by becoming your own bank and nobody can trace or know when you are making a transaction because transactions is added to the blockchain.
- It gives financial freedom,i.e banks and government can not have access to your funds or freeze it.

Consequences of using bitcoin
- If you leave your btc in an exchange, you will surely lose your coin,you need exchanges only when you want to trade. You can only leave funds that you can afford to lose in an exchange. The reason is not your key,not your coin.
- If you btc is not properly secured in your wallet,it can be stolen by hackers.
- If your seed phrase does not have a proper back up,if you forget your password, you have lost your assets.
- You can also lose your coin when you mistakenly send it to a wrong address. Btc sent can't be reversed.

Do you think it will be possible for these business people to welcome this new idea and implement it in their business ? Wouldn't it look crazy to them ?