Topic: If Bitcoin is Adopted what happen to ilerate population(stone age people) - page 4. (Read 20672 times)
January 22, 2019, 06:41:00 PM
I think that they will live just like they lived before and will be even more backward from civilization
January 22, 2019, 06:33:24 PM
There are many possibilities that technology provides us and some people cannot benefit from them because of cultural reasons or impossibilities. This is usually not their fault. As Blockchain technology develops, more useful products and services that can appeal to every sector will be launched and will be allowed to participate by these people.
January 22, 2019, 04:56:40 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
January 22, 2019, 04:41:19 PM
That's one of the problems facing bitcoin adoption. In 3rd world countries where there are a lot of non tech savvy people, it's really difficult to imagine how they will adapt to the new technology. We still a lot of people who have refused to use mobile banking but would rather prefer to walk into banks before making transaction.
January 22, 2019, 04:37:57 PM
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.
January 22, 2019, 04:19:47 PM
Many of those populations that do not have contact with the modern world do not use money anyway and still use barter to trade among each other or have their own local currency so they will not be affected by it, the only problem are the communities that are no that isolated and have contact with the modern world but which do not have access to the internet or electricity in which case gold and silver could be a good choice for those communities.
I say this because at least for now is impossible to not have some form of physical money and the best money with those characteristics will be precious metals.
I say this because at least for now is impossible to not have some form of physical money and the best money with those characteristics will be precious metals.
January 22, 2019, 11:38:15 AM
It doesn't take much literacy to press send, scan QR code, and input an amount.
It might not but maybe OP here is referring to people who cannot even operate a smartphone correctly when he said "stone age people". If that is the case how can they even press send, scan QR code and input an amount if they find it hard to just simply use their phones or user friendly applications? Either way, I am sure they would find many fault in using bitcoin as currency.But just like what the first answer says,nothing different from what happen to them when the world starts browsing google even while walking in the street
January 22, 2019, 11:22:57 AM
Hahaha
Stone age people doesn't exist anymore.
Figuratively speaking this could mean the poor people who couldn't read and write or less comprehension to understand even the simple writings and meanings.
Stone age people doesn't exist anymore.
Figuratively speaking this could mean the poor people who couldn't read and write or less comprehension to understand even the simple writings and meanings.
yes they didnt exist . what the op mean is the older/elder people because these kind of people will prefer to stick to the traditional stuffs ( e.g traditional currency ) but your also right , the phrase stone age can also be applicable to poorer country or poorer people that hardly know on what is happening on the latest trend .
Bitcoin on the other hand is already adopted worldwide . some are trying to understand and learn it , while some only stick to their same old life. We cant force those who didnt want to use crypto because fiats arent going to extinct anyway .
January 22, 2019, 08:50:20 AM
Though not everyone accept change easily, some will like to stay in their old way of life until everyone around have left them behind before they will make a move.
The stone age people will also adopt bitcoin but it's just that they don't flow with new system, they do like to see people that have tried it before they can venture in it, so that's their own way, but sure they will adopt too.
The stone age people will also adopt bitcoin but it's just that they don't flow with new system, they do like to see people that have tried it before they can venture in it, so that's their own way, but sure they will adopt too.
Nothing will happen the old age people has to accept it. If the entire system changes it has to be adopted by all the people then only it can be called successful change or migration. This is the challenge faced by many countries in adopting bitcoin. once the benefit and need of bitcoin is understood by stone age people they will surely start using BTC.
January 22, 2019, 08:49:56 AM
Hahaha
Stone age people doesn't exist anymore.
Figuratively speaking this could mean the poor people who couldn't read and write or less comprehension to understand even the simple writings and meanings.
In case the massive bitcoin adoption happen, I assume the government will do something initiative to teach those illiterate people in their sovereignty. Those people will learn step by step process. I believe once they are eagerly desiring to have something better they will study and learn. Nothing is impossible to achieve the dream with sacrifices and practices.
Stone age people doesn't exist anymore.
Figuratively speaking this could mean the poor people who couldn't read and write or less comprehension to understand even the simple writings and meanings.
In case the massive bitcoin adoption happen, I assume the government will do something initiative to teach those illiterate people in their sovereignty. Those people will learn step by step process. I believe once they are eagerly desiring to have something better they will study and learn. Nothing is impossible to achieve the dream with sacrifices and practices.
January 22, 2019, 08:34:41 AM
Though not everyone accept change easily, some will like to stay in their old way of life until everyone around have left them behind before they will make a move.
The stone age people will also adopt bitcoin but it's just that they don't flow with new system, they do like to see people that have tried it before they can venture in it, so that's their own way, but sure they will adopt too.
The stone age people will also adopt bitcoin but it's just that they don't flow with new system, they do like to see people that have tried it before they can venture in it, so that's their own way, but sure they will adopt too.
January 19, 2019, 05:30:02 PM
A currency for the future does not mean that it has to replace the paper currency or a national currency as such, it will be an alternative for international trade and is the cheapest form of transaction even if you are dealing with millions of dollars worth of trade or be it a billion.
Indeed, I don't expect Bitcoin to replace national currencies. As long as states exist, they'll continue using currency as a means for economic stability and control. I do expect central banks to eventually start holding Bitcoin reserves as a hedge against currency risks, though.
January 19, 2019, 04:08:51 PM
Bitcoin is digital currency revolutionizing the finance Industry which many predict to be the currency of the future.
A currency for the future does not mean that it has to replace the paper currency or a national currency as such, it will be an alternative for international trade and is the cheapest form of transaction even if you are dealing with millions of dollars worth of trade or be it a billion.The worst senero is that they can't read or write which makes it difficult for them to operate the internet since Bitcoin transactions are done on the on internet.they prefer to use the traditional paper currency they feel it is comfortable for them.
This is the major reason why Bitcoin and other cryptocurrency is yet to be adopted by the masses.
To have a major adaptation it does not mean that the entire world should start using it, only a small percentage use the platform and in that only a few use it as a mode of transaction at this stage, it is in its early stages and with time we will see a rapid change in adaptation atleast by merchants around the globe to conduct international transaction. In the mean time we need more user friendly front ends so that everyone can use. This is the major reason why Bitcoin and other cryptocurrency is yet to be adopted by the masses.
January 19, 2019, 02:58:36 PM
Well the bitcoin network can be use by any body that is the fact it that simple to see, once bitcoin attain that status of being the global currency then all the people in the global space will learn how to use it and at the same time you don't need to be literate before you can use the mobile phone.
January 19, 2019, 02:24:42 PM
It's a funny question because the world has been evolving for centuries leaving some people ages behind. In the colonial era people in Africa were mostly hunting with spears and running half naked and the Europeans had warships, guns, brick houses with bathrooms, and many other things. 200 years later those villagers in Africa were still running half naked hunting in the jungle and the rest of the world had cars, aeroplanes, nuclear reactors. People get left behind. Deal with it.
January 19, 2019, 01:20:36 PM
Here, first of all, you need to decide what the expression "if bitcoin is accepted" means. If we mean the legalization of cryptocurrency, including Bitcoin, by the states, then even if it happens in all states, citizens will have the right to choose which means of payment they can use. At the same time, most of the world's population will use paper money all the same, especially in rural areas. Over time, something may change, but it will not be soon.
Cryptocurrency will never be the primary means of payment and will not be able to completely force out paper money from circulation. The public should also not be forced to use a particular type of payment instrument.
Venezuela now holds a special position in this, where President Maduro ordered state bodies to pay pensions in the local cryptocurrency El-Petro. Let's see what retirees will do.
Cryptocurrency will never be the primary means of payment and will not be able to completely force out paper money from circulation. The public should also not be forced to use a particular type of payment instrument.
Venezuela now holds a special position in this, where President Maduro ordered state bodies to pay pensions in the local cryptocurrency El-Petro. Let's see what retirees will do.
January 19, 2019, 12:13:52 PM
If that passed, there would be many people who start spending on Bitcoin and will try to own it. Those who already own Bitcoin will start laughing loudly because Bitcoin is high and they will earn a considerable profit. But there will be many people who lose their opportunities to become more prosperous.
January 19, 2019, 12:10:00 PM
I think stone age people will left behind but majority of them will have to adopt an how because if bitcoin goes as a mainstream currency and there it nothing can be done without using it in the future some how people will have to full fill there needs but the rest who will not change or who cannot will definitely will left behind from the financial world because you need to have money to do any businesses and if people doesn't know hot to use them there is no way to survive in the financial world
January 16, 2019, 09:15:14 AM
They will probably have to adapt or get some of their kids or relatives/friends to help them out, or there may be service providers that will charge a small fee to help those more Bitcoin impaired peeps with their day to day activities. Like you have the smart cities now that automate a lot of stuff, I think that would also be the case where Bitcoin is concerned, there would be automated systems that will carry out the work for you at a push of a button. Even a Bitcoin impaired person will be able to press a button to get things done. We have AI and Bitcoin creating a smart technology environment for everyone, even the most technologically impaired people.
January 15, 2019, 10:41:32 PM
I wouldn't call them illiterate though, maybe there are people who doesn't trust banks or doesn't want to put their money on a bank. I guess it's either they adopt crypto or be left out, simply as that. If they went to a grocery and buy something, they will still go and used fiat, nothing will be change for those people.
Jump to: