Topic: If Bitcoin is Adopted what happen to ilerate population(stone age people) - page 3. (Read 20672 times)
February 05, 2019, 06:57:21 PM
It seems to me that crypto will not be able to completely replace Fiat money and they will still exist together. We will need a lot of time for crypto to be accepted and therefore by that time the situation in such countries can somehow improve. In any case, society is constantly developing and we do not know what will happen next. Perhaps technology will completely change the world and society will be fully digital. But this is unlikely in the near future, so we can only observe its development.
February 05, 2019, 05:12:07 PM
I guess fiat would have to be here until stone age people are no more. I don't think they would be forced to learn Bitcoin, so we would have two systems. Or Bitcoin would be kind of simplified and all people would have to learn how to use it. We would find a compromise anyway, they can't be left out from the system.
As technology becomes cheaper it could be possible that everyone gets access to computers and so everyone could get access to bitcoin but I doubt that could happen anytime soon, there are still 1 billion people without access to drinking water and we can all agree that water is something that we all need and if that is the case then the only alternative I see in which people use money that is not fiat is if people begin to use precious metals as their currency.But for that to happen we will need to have a world where governments no longer control the money supply and that day is very far away as well.
February 03, 2019, 05:17:42 PM
I guess fiat would have to be here until stone age people are no more. I don't think they would be forced to learn Bitcoin, so we would have two systems. Or Bitcoin would be kind of simplified and all people would have to learn how to use it. We would find a compromise anyway, they can't be left out from the system.
February 01, 2019, 05:14:23 PM
I think there might be room for them to adjust nothing is permanent on earth and everyone and everything is prone to change though it may take sometime for them to adapt but they will
January 29, 2019, 07:20:08 AM
There is no project on the crypto space to address this unforeseen challenges.
Deliberations and ideas are welcome on how the group of personal can be integrated in the system.
January 29, 2019, 07:12:01 AM
"Stone age" people just stay in the stone age and we don't care about them.Just move on.
The fact that bitcoin is adopted worldwide doesn't mean that fiat money will disappear.
All the old people can still use fiat.
The fact that bitcoin is adopted worldwide doesn't mean that fiat money will disappear.
All the old people can still use fiat.
January 29, 2019, 05:19:49 AM
Don't call them iliterate. To be honest, I think we need more people to support cryptocurrency. If the people you call (iliterate) don't believe that anything here is real, then let them be, and show them results. It was also hard for me to get convinced here. Learning about cryptocurrency is a hard thing to do especially during the market the red market situation.
January 29, 2019, 05:04:05 AM
One biggest problem for BITCOIN adaptation for the world use.
This is one big problem which most people are facing now, there are big percentage of population in the world who dont use computer.
Some might be using computer but has no knowledge with cryptocurrency and how to use it.
There will be a big gap to reach on both ends.
This is one big problem which most people are facing now, there are big percentage of population in the world who dont use computer.
Some might be using computer but has no knowledge with cryptocurrency and how to use it.
There will be a big gap to reach on both ends.
January 28, 2019, 08:44:07 AM
In this I see the main problem of the idea of bitcoin as a global single world currency. A fairly large percentage of the population, especially in the third world, is illiterate and lacks technology. And the use of bitcoin as a currency will cause them difficulties. But I do not think that this will be a serious obstacle to the development of bitcoin, just not all countries will accept it.
I agree
It will cause them difficulties in so far as the technology as in wifi or internet
coverage and aquiring at least a smartphone. It is still easy to own bitcoin
without knowing the technical stuff behind it.
Ilerate people can still learn how to do things, powering on, downloading
an electrum wallet and send/receive funds on a smartphone is not
complicated.
I really cannot see bitcoin as a global single world currency, not in my
lifetime anyway.
Well of course time should be into consideration. Fiat, and the use of credit or debit cards, as well all know is well is use in today's society and it likely went to this stage also. Though a little bit more complicated, with time and exposure i think even those in third world countries will eventually learn how to use it. The length of time for that now is an entirely different discussion.
January 26, 2019, 03:31:15 AM
In this I see the main problem of the idea of bitcoin as a global single world currency. A fairly large percentage of the population, especially in the third world, is illiterate and lacks technology. And the use of bitcoin as a currency will cause them difficulties. But I do not think that this will be a serious obstacle to the development of bitcoin, just not all countries will accept it.
I agree
It will cause them difficulties in so far as the technology as in wifi or internet
coverage and aquiring at least a smartphone. It is still easy to own bitcoin
without knowing the technical stuff behind it.
Ilerate people can still learn how to do things, powering on, downloading
an electrum wallet and send/receive funds on a smartphone is not
complicated.
I really cannot see bitcoin as a global single world currency, not in my
lifetime anyway.
January 26, 2019, 03:03:23 AM
Nothing. These people will remain illiterate. Sadly, that's true. Progress is unevenly distributed throughout the world, and this is quite natural. Therefore, these people will simply continue to use their national currency. And I don't think it's going to be a problem for them, they have bigger concerns.
They say crypto/bitcoin is the future of money and it will soon replace fiats therfor even iliterate people will forcesibly learn themselves on how to use it because they will only suffer at the end .
The problem of such people is not only in the use of cryptocurrency, but also in the use of technology in general.
what technology are you pertaining to ? Cellphone , internet , computers ? Well these stuffs are now easy because many models are now being built with user friendly features so that even dumber person can also understand and learn on how to operate them because in our current world everything is evolving into a new digital era .
January 26, 2019, 02:54:50 AM
If Bitcoin was formaly adopted by governments in countries that wouldn't mean that ir would be obligatory to use it and that fiat would disappear. But it's not that only older people are technology iliterate and have some reserve towards Bitcoin, there are younger too and besides that you can't force anyone to use Bitcoins, it's the matter of choice. But I agree that is the problem and that education, especialy for modern digital world is very important but not enough efforts are being done to change that.
January 25, 2019, 07:26:57 PM
I think if bitcoin adapted and become currency that people use in merchant, ilerate people will learn. Beside that, i am believe paper money will still exist and side by side with bitcoin. Bitcoin can not replace paper money because in many place, paper money more flexible
January 25, 2019, 02:59:32 PM
Nothing. These people will remain illiterate. Sadly, that's true. Progress is unevenly distributed throughout the world, and this is quite natural. Therefore, these people will simply continue to use their national currency. And I don't think it's going to be a problem for them, they have bigger concerns.
January 25, 2019, 02:30:58 PM
In this I see the main problem of the idea of bitcoin as a global single world currency. A fairly large percentage of the population, especially in the third world, is illiterate and lacks technology. And the use of bitcoin as a currency will cause them difficulties. But I do not think that this will be a serious obstacle to the development of bitcoin, just not all countries will accept it.
January 25, 2019, 02:18:45 PM
The problem of such people is not only in the use of cryptocurrency, but also in the use of technology in general. I'm thinking. that this problem cannot be eradicated, because many countries are so poor that they simply do not need any computers, much less digital currency.
January 25, 2019, 11:42:20 AM
the same thing that happened to them when the world started turning into digital and everything including money started to have a digital form which is used more than the physical form (eg. electronic banking versus cash). they will be left behind and slowly catch up.
everyone that is not controlling the cryptocurrency index will be left behind... not just untechnological people
Why would they get left behind? People can still get everything done with cash, at least in my country.
You have old people who literally keep all of their money under their mattress, they can still pay for everything.
I think it's highly unlikely that Bitcoin will just take over everything, it will be used as a complementary payment method, not replace existing ones.
January 25, 2019, 11:38:32 AM
I believe mosy people in this world how to deal with the new term technology and using bitcoin is not much harder when compared to the other basic level skills they needed in the modern days so they will learn the bitcoin to be transacted on what way in a day or two.
I agree unlike other technologies in the modern world to use and do transactions with bitcoin a person should only posses basic IT skills but we should agree to the fact that there is a majority of people who doesn't have even that knowledge so for those individuals bitcoin adoption and expansion will be a huge problem to do day to day transactions in the modern world but such situations won't continue forever because this can only be a problem for the old generation who had no learning about technology
January 23, 2019, 03:19:17 AM
If bitcoin is adopted it should be a matter of choice who wants to the use the digital currency or the fiat it will be a matter of time for those in the stone age to adapt to this system it should be a matter of choice
January 22, 2019, 08:56:31 PM
the same thing that happened to them when the world started turning into digital and everything including money started to have a digital form which is used more than the physical form (eg. electronic banking versus cash). they will be left behind and slowly catch up.
everyone that is not controlling the cryptocurrency index will be left behind... not just untechnological people
Anyways that kind of people could just ask someone young/proficient in handling the technology(Which is pretty easy due to the basic user interfaces) to do it for them and problem solved. Even lonely people could ask some neighbor they trust. They could of course create some security issues but that is another subject.
However, i personally don't believe fiat will be disappearing too soon. So people still have some time to adapt, first cryptos will be widely used before it becomes that way if it ever happens.
Jump to: