I would love for someone to do a experiment. Put a paper wallet of BTC worth 10 dollars and a 5 dollar USD bill on a table and let person take one. I think were so early in BTC a lot would take the 5 dollar fiat money.
I would love to see some numbers on that if I am right. I just think a lot of people still don't understand BTC. In 5-10 years its hard to say what it will be like, but I hope in that time all will pick the BTC worth more and know about BTC. Guess time will tell.
I did something a little bit like this years back, where I was trying to explain behaviour, risk, and group mentality.
I was in a bar with 6 friends, and I said "If you give me GBP 1, I'll give you GBP 5". There were all kinds of comments, but generally along the lines of "that's not possible" or "why should I trust you". After a minute or two the quietest and what I thought was the most risk averse person there, came forward and said "okay, I'll do that". He gave me the pound and I reached in my wallet and gave him 5 pounds. There was a pause as people let it sink in, then everyone else at the table wanted to hand me their pound. I didn't accept them of course as it would have got expensive for me, and told them they'd missed their window, but I proved to myself the herd mentality. Everyone wants risk free and exceptional gains at the same time.
If doing that with BTC and $5 it might take a bit more explaining as they wouldn't know what a BTC is, but the point I'm getting at is that once someone sees something working, they all want in like an avalanche.
When I first learned of BTC I jumped in immediately (where as even some smart people like A.Antonopolous dismissed it at the start). I told everyone I knew about it, and how I planned to set up some mining machines. I nearly hooked a couple of friends into doing the same but all of them backed out in the end. They didn't want to do the work to understand it. April last year one of them told me Bitcoin would be dead in a year, so I said I'll bet you a pint of beer on that. He still hasn't bought the drink he owes me btw.
Edit: Another case I just remembered was here in Thailand they use the Baht, and a European dude was paying his bar bill and offered either 1000 baht (about USD$25 at that time), or a Eur500 note, and told the staff to choose which one she preferred and could keep the change. She chose the 1000 baht as it's all she understood (and the number looked bigger to her I presume). It was a bold move on his part, but I laughed my ass off.
