Topic: Is the world too dumb for Bitcoins? - page 2. (Read 3763 times)

I have always felt that 10% of the population runs the world, because 10% (or less) of the population has an IQ significantly higher than the masses.

Very few people operate on an intellectual level capable of grasping anything but the basics of life.

I truly believe that.

But I rarely say it out loud because it would make me sound like a dick.

-B-

Not in water supply for teeth that's for sure.

They don't have to understand it.  They just need the people who do to make it easy to use.

yes because of flouride

The world is too dumb. period.

enter Darwin - survival of the bitcoin holders.

A proper understanding of bitcoin requires at least some basic knowledge of computers and networking, even better if you know a little programming. It also requires knowledge of and understanding of the underlying economic theory, and it helps to know why competing theories are flawed, especially the day to day fiat system we have all lived with our entire lives - which requires being able to step outside the box. Politics and human psychology on a large population scale also helps.

Individually, these are all high-IQ fields. And we employ them all every day in discussion threads. Forget arrogance, we are as a group not only more intelligent than the average person, we are more intelligent than the average intelligent person.

All that said, the only thing required for the average person to invest is just one thing: Greed. Once people believe bitcoin is here to stay the masses will come flocking in.

Create something 

I haven't found that to be the case.  There are a LOT of idiots on here.

i am too dumb for bitcoin, tired of hodling, i think i will sell before i lose all my coins to a cracker

It seems rather arrogant to me to claim that we're all smarter than average people because we're interested in bitcoin or technical matters in general. Just because someone doesn't know their way around a smartphone doesn't mean that they're stupid, it only means that cell phone technology is not a priority in his or her life. I know many older folks who barely know how to turn on a computer, but who can run circles around me when it comes to other skills.

What I'm saying is, if your whole world revolves around one thing, whether it be a game like chess or restoring antique cars, you'd obviously spend a lot of time around like-minded individuals and it might be easy to label outsiders as stupid since they don't share your passions, but that's not fair. Maybe that's what's going on here a little.

But to the main point, we can't expect people to embrace bitcoin by becoming "smarter". Bitcoin needs to stand on its own. If it offers incentives over our current financial system, then people will naturally embrace it. If it's required to have a PhD in computer security to use it, then it's obviously flawed and is not destined to succeed. Afterall, you don't need to be an expert in electromagnetic theory to use a microwave oven. I doubt scientists met up in the 1940s and said to each other, "you know guys, most of the idiots out there don't understand how magnetic waves work. I'm not sure if this is going to catch on."

Of course it caught on, because it's easy to use. That's what bitcoin needs to be. Maybe it's just not ready yet. Maybe it never will be. But if that's the case, then bitcoin failed the public... not the other way around.

In Few words if i have to reply then i'll say : " HAVE SOME PATIENCE " we human are too ignorant and not everyone will jump into Bitcoins because I did or You Did...! they will take their time , we can't force them to use it, they have some legit concerns..! but i think things will change in near future just give it some more time...!

PS: thanks for mentioning : Anyone reading this post has an IQ higher than the average person.

There is no alternative that is surpassing bitcoin, and that is the only real danger. Otherwise, it would recover, in a year or two or five, but I wait it this summer actually.

Thanks for the link but I was joking mostly

+1 

Funny thing - My entire career is based on the fact that I have both, and my employers have always said just that ^^. Which is lucky for me as it means I end up in a great job!!

I think when the final demise of bitcoin will start to get closer, then we will hear a lot of this how everyone are stupid for not filling their pockets by buying more expensive coins.

Here's the thing...most people are one of the following:

1) book smart
2) street smart
3) both (very rare)
4) all out idiotic


The amount of people that are #3 is pretty rare nowadays...  The same can typically be said about people's social skills.  The majority of people who are very business savvy and successful, lack certain social skills (i.e. the ability to talk to women).

too dumb for anything but what the tv spits out in uk anyway

Who has seen the movie "Idiocracy?"  That movie is funny on so many levels but in a way shows the direction our society is going.

That said, I think that someone can be "dumb" but still be "wise."  Someone can be "brilliant" yet be a "fool."

For example (please don't take offense at this) but a really intelligent person could have seen the value in Bitcoin, mined for coins early on, then let them sit on Mt. Gox without worrying about the fact that there were problems there.

Or, a really "dumb" person could be wise enough to listen to her "smarter" husband and take the small amount of coins off the exchange before it went down (using my own personal story here).

This carries out in other areas of life too.  I see intelligent people make foolish choices in relationships and "dumb" people are loyal and have long lasting relationships and so on.

But all that said, there will need to be simpler ways for Bitcoin to be used for the "normal" world to get involved.  Security measures will need to be built in automatically and ease of use will be a major factor in how widely Bitcoin is adopted by the masses.

danke , u make me smart

1) I actually invested when the price was $100. Unfortunately, the money I used to invest disappeared when transferring to Bitstamp. 6 months later, and after threatening Bitstamp with court action, it finally got recovered. The issue was put down to being lost in the international banking system. I didn't have any other money to use during the investment and in that time, the price sky rocketed. I was VERY angry, very upset, but there was nothing I could do. The choice was either to decide not to invest at $1k or to invest.. I wanted to be part of it so decided to invest. And then all the crap started happening
2) I didn't invest to make a quick buck so don't mind that the price is lower.. though I am started to get concerned it won't even ever recover!
3) http://www.thesun.co.uk/sol/homepage/news/5492825/man-hires-escort-who-turns-out-to-be-sons-girlfriend.html is the original article, but if you don't want to pay to read it (which I haven't), apparently it's now been copied on other media sites:
http://www.independent.co.uk/news/world/europe/italian-pensioner-hires-an-escort-who-turns-out-to-be-his-sons-girlfriend-9176530.html