Topic: If Bitcoin is Adopted what happen to ilerate population(stone age people) - page 5. (Read 20640 times)
January 15, 2019, 09:17:31 PM
I think if bitcoin adopted for payment or as currency, people still have a time to learn how to use it. Beside that, i am believe paper money still exist and used. I am believe bitcoin can not replace paper money because bitcoin is decentralized cryptocurrency
January 15, 2019, 05:09:56 PM
I think that such people will always exist. And in most cases, unfortunately, it is their own choice. It is possible that with the passage of time and the change of generations, everyone will be able to use bitcoin and be technically competent - to be able to use a computer, telephone, Internet, and so on.
January 15, 2019, 04:44:06 PM
I think that is the reason why bitcoin cannot be fully accepted in every country. We will not be able to fully switch to using cryptocurrency. Too many technical and other aspects must be taken into account.
November 20, 2018, 06:28:05 PM
when phones were created, there were people who continued to communicate with letters, telegrams, etc.but what we see now. there's no person who doesn't have a phone. everyone just needs time.
October 11, 2018, 06:15:50 PM
I guess for people or country not comfortable with crypto then they wouldn't adopt it. It might take sometime for them to realised that if they didn't adopt, they will be left outside. Well there's mobile phone even in Africa so I doubt that they will not follow this global phenomena, its going to be painful and slow process for them, but the earlier they take that small steps, the easier for them to learn and support crypto.
you are right mate , but l am glad to let you know that cryptocurrency is like every other currency that is use as a means of transaction for goods and services globally although yet to be adopted massively . the manufacturing companies depend on raw material for their finish product which is gotten from this stone age class of people in the society, since they are not familiar with the internet of things this might slow than the rate of production if the stone age refuse to accept cryptocurrency. we cannot leave them behind we need them in our every life for effective business deal. October 11, 2018, 06:10:24 PM
Bitcoin is very easy and safe to use, but to mine and trade requires more knowledge and sufficient experience to try it so I think bitcoin can be adopted everywhere
October 11, 2018, 05:59:12 PM
bitcoin when accepted like cash it would be the same, for the illiterate population it will be more difficult since it requires additional devices and information when using bitcoins. specially a great number of illiterate people don't have access to technology
October 11, 2018, 05:41:31 PM
That is the major challenge that bitcoin will face in the future how to accommodate the stone age citizens since it is design to be use by the educated and this will further hinder the adoption of bitcoin as the global currency because suce global entity should be able to be accessed by all and not just few class of people.
October 11, 2018, 05:27:07 PM
I guess for people or country not comfortable with crypto then they wouldn't adopt it. It might take sometime for them to realised that if they didn't adopt, they will be left outside. Well there's mobile phone even in Africa so I doubt that they will not follow this global phenomena, its going to be painful and slow process for them, but the earlier they take that small steps, the easier for them to learn and support crypto.
October 09, 2018, 02:27:46 PM
Bitcoin will not destroy Fiat currencies soon, perhaps they will be fully used only when the beginning of a new generation of mankind.
October 09, 2018, 01:57:55 PM
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.Maybe they will become even moe delayed in the progress world has taken place and for them the saddest part is technology will cover the universe without their learning even the oldest one
October 09, 2018, 01:50:05 PM
I see no problem at all.
1. Fiat currency will not die off, so these people don't have to use Bitcoin if they don't want to.
2. Even some of the stone age people can use bank cards (debit, credit). Bitcoin use will become this easy sooner or later.
No, but it made them to go for it and atleast learn some basic transactions. The same will go ahead with bitcoins too.Understanding bitcoins is not that complex and if peoples can learn using debit/credit cards, they should also start learning bitcoin transactions. A good alternative for it would be launching bitcoin ATM's globally with bitcoin debit cards. This is really going to make Bitcoin transactions much easier than we ever thought.
October 09, 2018, 01:21:00 PM
How can these set of population be carry along to use the Bitcoin as mode of financial transaction if Bitcoin is the said "future currency"?
I see no problem at all.
1. Fiat currency will not die off, so these people don't have to use Bitcoin if they don't want to.
2. Even some of the stone age people can use bank cards (debit, credit). Bitcoin use will become this easy sooner or later.
October 09, 2018, 01:12:26 PM
Bitcoin is digital currency revolutionizing the finance Industry which many predict to be the currency of the future.
We live in global village that comprises of the educated ( Digital age) and the uneducated(stone age ) .the stone age is the era of the early men who are still alive and also practicing old cultural ways passing it from generation till date ,they have not been privileged to read and write .
The Digital age have maximize the useful of the Bitcoin technology for easy and trans border transaction etc but the stone age have not been able to reap this benefit Bitcoin have to offer due to their poor background in education . Let's take a proper example in the Africa continent we have more than 50% who where not eligible to go to school due to lack of funding and infrastructures within their territory.
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.
How can these set of population be carry along to use the Bitcoin as mode of financial transaction if Bitcoin is the said "future currency"?
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.
Bitcoin is very huge and very potentiating crypto currency and the most probable cause of the success of bitcoin as the only requirement for accessing bitcoin is the access to internet so the bitcoin is accessible for almost all the people but still there are remote areas in the world who still don’t have access to internet and I think awareness could be the biggest influence for them as in future bitcoin will definitely be declared as the central currency globally. We live in global village that comprises of the educated ( Digital age) and the uneducated(stone age ) .the stone age is the era of the early men who are still alive and also practicing old cultural ways passing it from generation till date ,they have not been privileged to read and write .
The Digital age have maximize the useful of the Bitcoin technology for easy and trans border transaction etc but the stone age have not been able to reap this benefit Bitcoin have to offer due to their poor background in education . Let's take a proper example in the Africa continent we have more than 50% who where not eligible to go to school due to lack of funding and infrastructures within their territory.
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.
How can these set of population be carry along to use the Bitcoin as mode of financial transaction if Bitcoin is the said "future currency"?
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.
October 06, 2018, 07:47:13 AM
We are all moving forward to digital technology and those remote areas will eventually adopt to technology slowly. There are some areas that has even no access to electricity or internet connection. That is why bitcoin will never be adopted 100% since there are really people who prefers to use the traditional way of payment because of lack of knowledge and access to the internet.
October 06, 2018, 07:43:27 AM
Actually even the poor country and poor villages are now knows about the new technology specially internet connection to communicate to their family our love ones.
So if bitcoin become single currency use by worldwide i think if the progress of the literature are can move the same fast from new technology people become knowledgeable about the currency.
So if bitcoin become single currency use by worldwide i think if the progress of the literature are can move the same fast from new technology people become knowledgeable about the currency.
October 06, 2018, 07:33:08 AM
well when bitcoin is adopted, the stone aged people will have no choice than to learn about bitcoin and how to make use of it, else they will be left behind time, and trust me no one wants to be left out, so they will definately study and learn cryptocurrency.
October 06, 2018, 03:53:21 AM
If bitcoin become popular and use in many merchant, i am believe many people will learn about bitcoin and how to use it. We are already thru that phase when smartphone launch and right now we see many old people using internet with easily
October 06, 2018, 03:04:46 AM
Even if btc is adopted in the long run, every body have to slowly catch up with digital transactions as they are the future and also would be the mainstream usage in daily life. So let's hope that we all come together and learn the process of digital transactions slowly and catch up with rest of the world.
October 01, 2018, 03:12:08 AM
If someone want to use the crypto currencies then they no need to be much educated and have to understand the blockchain technology.They just need to know how to use the smart phones and this is already we have among 80% of world's population since they are owning smartphones so it won't be much problem for the adoption.
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