Topic: Mediocre/People. - page 3. (Read 477 times)

I know how you feel. When I talk about it with someone much older than me they usually ask: how much was it worth 10 years ago? less than a  dollar? and now it's 10 thousand? You poor child, don't you see it's a scam?

It all comes to how far someone is willing to learn about bitcoin. The sad thing is that you will find some people who are well informed about ponzi schemes but don't know much about bitcoin and yet they receive payments from the said ponzi schemes through BTC.

Ponzi schemes are massively advertised and shilled unlike bitcoin. The promoters or creators of ponzi scheme even go to an extent of calling for conferences to educate people and communities about their ponzis but this is not the case with bitcoin and it's the reason we have a huge knowledge gab when it comes to out beloved coin.

They feel difficult to understand it because of the negativity that they've heard about it. Once they've heard about those scams and other news about hacks which involves bitcoin, that makes them feel uncomfortable.
We don't have to make them understand it if we have already explained it to them. Just the same in my case, I've got people who have listened to me as I explain what bitcoin is. But how many from more than 10 people that I've talked to about bitcoin continued? only 1 who's still holding.

It takes time for people to get used to new technology as in the case of internet and technology.

We can accelerate this process by marketing cryptocurrencies and expanding the network of businesses that accept payments with Bitcoin. Once they see it everywhere they will have to learn how to use it.

We do all hope for that kind of adoption to happen and we are just still 10 years of its existence.In talks of those people who doesnt have the chance on knowing bitcoin then its neither they are afraid or just really

lack up some information towards it.There are lots of factors that do affect along the way ex. finances,accessibility(internet connection), government, own view and comparing between it to fiat.

We are all hoping for the best but there are things which cant really happen on what you wish for.Just let it be and wait for the right time because adoption cant really happen in just in flick of a finger.

Also, just accept that there are people cant really able to know about Bitcoin but as awareness do become bigger then the rest would really be anticipated.

it's funny that my friends still think that bitcoin is a multi-level marketing product.
another friend of mine also thinks bitcoin is bitconnect.
in my country, cryptocurrency is categorized as an asset. it's forbidden to use cryptocurrency as a currency 
however, it can be traded just like commodities.
then, how I am supposed to tell my friends about bitcoin?
bitcoin is a cryptocurrency that can't be used as a currency yet? 

I wonder why you use the word mediocre for such people.  Is it mediocre on just the understanding of Bitcoin or mediocre in all other areas of life? I think people who don't understand Bitcoin would most likely be good in certain other areas of life. Lots of them probably don't see the need for Bitcoin yet,  it isn't explained well enough to them, it doesn't interest them,  they are just cautious etc..
I believe when people find Bitcoin unique, secure, very useful, easy-to-use, etc... and that they can use it with little to no problem,  they will likely attract others people.

Hi,

You need to write better. There are too many misspellings in that text. Many people won’t read it just because of that.

As for the content, I would also like that more people understood bitcoin and used it but I don’t agree with you calling them mediocre. Warren Buffet doesn’t like bitcoin, is he mediocre? I think it’s the other way around. Some people are very intelligent and don't buy bitcoin

Because we do not all have the same situations or restrictions on buying bitcoin, some of us here buying bitcoin is easy peasy, but some people hard for them to buy because of some limitations in their country. We can't force someone to use bitcoin. Our only duty is to knowledge them if they want to. As long as they know what is bitcoin and how to use it.  It's on them to decide whether to use it or not.

Some of them are still afraid because of the misunderstanding about the bitcoin. This misunderstanding about bitcoin is caused mostly by the news or other newbies on bitcoin that got scammed. Incomplete details on the news and newbies sharing wrong information about bitcoin can cause the afraidness of people that surrounds them.

Some people still don't use mobile phones, why are you surprised that someone doesn't know how to use crypto?

I think I understand what the OP is referring to.  The thing that worries me is that certain services do effectively turn Bitcoin into a two-tier system. 

All the people who understand the importance of "not your keys, not your coins" and are sensible enough to store their funds securely in a wallet where only they have access to the keys and make appropriate backups gain all the advantages Bitcoin has to offer.  Total autonomy over your wealth, incredibly strong security, fairly decent privacy, etc.

Those who don't take the time to learn, who keep the entirety of their funds stored in some third-party custodian like webwallets or exchanges because it's "easier" are the ones who get the second-class service.  They're the ones who lose out every time there's a data leak of personal or financially sensitive information.  Or, worse still, lose their funds when a service suffers a security breach or they fall victim to a phishing site and mistakenly give out their login credentials.

The likelihood is, as adoption increases, we'll see an ever-growing number of users who don't take the time to learn.  More potential victims.  I'm actually pretty skeptical of the very notion of mass adoption now.  Particularly after that Twitter hack where far too many idiots willingly handed over their funds to obvious scammers because they genuinely believed a celebrity was going to give them free money.  It seems people generally can't be trusted with the responsibility of being their own bank.

Mass adoption, in the sense most people here dream of it, would be an unmitigated catastrophe, in my opinion.  The world isn't ready yet.

First of all I do believe that it's impolite to call people: mediocre.
Secondly I do think that you are referring to : Middle class people.
The things is , bitcoins is a volatile asset and these people don't really want to invest into something without prior knowledge, which could have drastic results. At the same time we have to make them understand:
The way it works
How it's completely safe
Share your own personal experience
Tell them the benefits of bitcoins
Etc...
You have to ask them what they are afraid of, then explain it to them.

Not everyone in the world is computer literate as you think. I admit that when I have a friend who asks me what Bitcoin is and how he can get into it. He thought it was a job. Even I do not know how to start but I think he should start with the basics first what it really means and how it works. I don't tend to let others know about it because I know not everyone is interested in it. But as I said, I just let them come spontaneously and then I will just share with them whatever I know and teach them as well.

I have a question to you - assume I am a layman and don't know anything about bitcoin. I have just heard the name couple of times in internet.

Now if you want to educate me about bitcoin, what will be your approach? Will it be as a currency or as an investment? Think deeply before you make an answer! We have better currencies available in the market than bitcoin and we have better investment options available as well. So think what will be your point in educating someone about bitcoin as in why they should use it!

Accept it or not, Bitcoin is really difficult to understand if you will going to start from scratch. We are too luck now that interfaces of modern apps are doing a great work to make it easy for new people to transact using bitcoin.

Before, you need to really understand too much and the UI/UX is not appealing.

So for new people that want's to understand BTC, the very first thing that I recommend is for them to join here. The same way as how I learned most of the concept in bitcoin.

I know your intentions are good for everyone who wants to understand about using Bitcoin, but it all depends on how they want to understand and learn about how to use Bitcoin or how to transact Bitcoin properly, I think you have to really understand something in a place and country where you come from, because not all countries can use Bitcoin, so if in your country Bitcoin is legalized by your government, I suggest you hold a seminar and get everyone together and discuss how to use Bitcoin and how Bitcoin works properly and properly.

Not everyone will be into Bitcoin as they'll think it's a bubble always ready to burst any minute, that's a fact. Education about Bitcoin should be a trend first before a FOMO on just dragging people without the knowledge they really wanted to know.

Well, it's not that bad to be dragged into it but the thing is those people who have been rekt, scam or any relation on it they make the image of Bitcoin like it was the reason they experience it. Bitcoin was just a medium after all, it's always on our hands if something like being rekt when bear season comes or we have been scammed for not having enough knowledge.

bitcoin is actually at an advanced level and for sure can't be used by people without a good education level. But the same applies FOR ANY TECHNOLOGY! I mean if you look on the past, any technology at a certain point is able to escalate and becoming available for all people. before it it's just used from "expert".
few examples.
-create a website, now it's full of tools that allow anyone to create any website (from shop to personal blog) in few hours. You don't need to known everything about coding.
-Smartphone as a product now are widely distributed but in the past having a cellphone was a very expensive technology and not easy to use for everyone.

any technology require these steps before it can be adopted by the mass. it's just matter of time and we will see some applications that allow "everyone" to use without worries.

Educating the people is the only way to make them to be comfortable with bitcoin. What you expect with people, because cryptocurrencies at the moment is very big. Right now we're in the early days of cryptocurrency adoption, so it takes time to use bitcoin on daily day transactions. Stores with cryptocurrency acceptance is very low around the globe. Another thing for such a fear among people is the negative things happening relative to bitcoin.

I you are wondering to convince 100% world's population to use Bitcoin then you are wrong. It isn't possible anyway. There is a lot of peoples who hadn't used the internet ever even they have facilities. So, how you will convince them? Those peoples know about Bitcoin but not involved with it, simply means they aren't well aware of Bitcoin technology. It's just not a currency like other currencies. It is a decentralized financial system and you are your own bank. It's quite important to explain how it works. Most people are worried about volatility IMO. So it would be quite difficult to convince them, I had tried for a few colleagues but they don't like due to volatility. Even they don't encourage us to learn about bitcoin technology. So there will be a few mediocre people always like this.