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Topic: Is the world too dumb for Bitcoins? - page 2. (Read 3815 times)

hero member
Activity: 924
Merit: 1001
March 08, 2014, 12:25:12 AM
#36
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-
full member
Activity: 140
Merit: 100
March 08, 2014, 12:17:59 AM
#35
yes because of flouride
Not in water supply for teeth that's for sure.
legendary
Activity: 1904
Merit: 1002
March 07, 2014, 11:58:06 PM
#34
They don't have to understand it.  They just need the people who do to make it easy to use.
hero member
Activity: 686
Merit: 500
March 07, 2014, 09:56:13 PM
#33
yes because of flouride
legendary
Activity: 924
Merit: 1001
March 07, 2014, 09:55:38 PM
#32
The world is too dumb. period.

enter Darwin - survival of the bitcoin holders.
legendary
Activity: 2268
Merit: 1278
March 07, 2014, 05:30:53 PM
#31
Anyone reading this post has an IQ higher than the average person.

What makes me say that? Well, the average person in England for example reads The Sun which we know due to the popularity of the paper.

Unfortunately, as us intelligent Brits know, The Sun is a sad perspective of news. One of todays top stories:
"70 year old man's escort is son's girlfriend".

Equally, last week, I was at my girlfriends cousins house. He has 4 daughters ranging from 6 to 12 - He's an intelligent investor, very wealthy, but had no idea there were parental controls on the iphones/ipads he's given to his daughters and didn't know about the dangers online *sigh*.

We live in a non technical world where most people aren't technical, but those who are technical tend to be more successful these days...

The bad news, is for BTC to become the type of global currency we want it to be, the world needs to embrace it. In a world where our laws don't embrace international crime over the web, how are people going to ever want to explore something they simply don't understand?

I feel Bitcoin has a major problem and one that can't be solved for a generation or two, and that's to do with intelligence and understanding.

I invested at $1k - As a technical person, I'd been following the rise and can see the long term sustainability and benefits of BTC. If everyone around me non technical who also started hearing about it invested, that price would be $10k+, but I can't see it achieving high limits due to the reasons stated. I now worry we'll see the price lower long term as the world moves away from it..

Thoughts?

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.


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.
full member
Activity: 140
Merit: 100
March 07, 2014, 05:29:39 PM
#30


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).

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!!
Create something  Smiley
sr. member
Activity: 378
Merit: 255
March 07, 2014, 05:13:50 PM
#29
Anyone reading this post has an IQ higher than the average person.

I haven't found that to be the case.  There are a LOT of idiots on here.
legendary
Activity: 1639
Merit: 1006
March 07, 2014, 04:57:31 PM
#28
i am too dumb for bitcoin, tired of hodling, i think i will sell before i lose all my coins to a cracker
sr. member
Activity: 350
Merit: 253
March 07, 2014, 02:14:05 PM
#27
Anyone reading this post has an IQ higher than the average person.

What makes me say that? Well, the average person in England for example reads The Sun which we know due to the popularity of the paper.

Unfortunately, as us intelligent Brits know, The Sun is a sad perspective of news. One of todays top stories:
"70 year old man's escort is son's girlfriend".

Equally, last week, I was at my girlfriends cousins house. He has 4 daughters ranging from 6 to 12 - He's an intelligent investor, very wealthy, but had no idea there were parental controls on the iphones/ipads he's given to his daughters and didn't know about the dangers online *sigh*.

We live in a non technical world where most people aren't technical, but those who are technical tend to be more successful these days...

The bad news, is for BTC to become the type of global currency we want it to be, the world needs to embrace it. In a world where our laws don't embrace international crime over the web, how are people going to ever want to explore something they simply don't understand?

I feel Bitcoin has a major problem and one that can't be solved for a generation or two, and that's to do with intelligence and understanding.

I invested at $1k - As a technical person, I'd been following the rise and can see the long term sustainability and benefits of BTC. If everyone around me non technical who also started hearing about it invested, that price would be $10k+, but I can't see it achieving high limits due to the reasons stated. I now worry we'll see the price lower long term as the world moves away from it..

Thoughts?

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.

sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
March 07, 2014, 01:23:28 PM
#26
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.
legendary
Activity: 1176
Merit: 1010
Borsche
March 07, 2014, 12:31:17 PM
#25
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

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 Smiley
hero member
Activity: 546
Merit: 500
hm
March 07, 2014, 12:26:31 PM
#24
Yes. But they were once too dumb for the internet.
+1  Cheesy
newbie
Activity: 14
Merit: 5
March 07, 2014, 12:26:09 PM
#23


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).

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!!
full member
Activity: 140
Merit: 100
banned but not broken
March 07, 2014, 12:24:24 PM
#22
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.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
March 07, 2014, 12:20:58 PM
#21
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).
sr. member
Activity: 276
Merit: 250
March 07, 2014, 12:15:05 PM
#20
too dumb for anything but what the tv spits out in uk anyway
legendary
Activity: 1148
Merit: 1001
March 07, 2014, 12:14:00 PM
#19
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.
member
Activity: 70
Merit: 10
March 07, 2014, 12:10:45 PM
#18
Anyone reading this post has an IQ higher than the average person.

danke , u make me smart
newbie
Activity: 14
Merit: 5
March 07, 2014, 12:08:40 PM
#17
"70 year old man's escort is son's girlfriend".

more details please? Smiley

As for your question, two things - why did you only invest at 1k if you say you are technical? Sure everybody heard about bitcoin the first time in 2012, just that most people dismissed it as non-practical. Hence stupid, won't understand the brightest idea unless pushed into it forcefully by greed. Did this mistake myself, in 2009. And second - why do you care what the price is? It's amazingly well at 500. One day it will be worth more, but you can build services on bitcoin network regardless of the price. Ignore the price for several years, or end up like all the greedy ones who buy high, sell low, then curse bitcoin for years Smiley

So yes, people are stupid, all of them.

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
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