On Bitcoin and old-timers | Bitcointalksearch.org

deisik

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Quote from: barbara44 on August 09, 2019, 08:46:07 AM

It means with time bitcoin will be like that too, it will be general knowledge and everyone will know about it and everyone will be capable of using it, adoption is important to allow all people from 1990 and later born to use but all the other previous generations will slowly die and that would make the adoption go up as well anyway

We can hope for that, though I don't quite like the way you put it. If we are to rephrase your thought and draw a few disturbing conclusions from it, it would sound like we should get rid of older generations (maybe, even help them die faster) to accelerate Bitcoin adoption. And while busy at this task, why not also get rid of those who are slow at understanding or not capable of using Bitcoin at all?

But maybe that's not the right way to do it, after all

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Quote from: deisik on August 01, 2019, 12:42:47 PM

~

I completely get the point of you doesn't need to have a certificate in order to do such thing like the driver's license. The idea is just you have to understand how to use it because obviously there is no point for someone to understand it's "Complexity" unless you wanted to create your own cryptocurrency.

Knowing how to use it (is just like knowing how to drive a car. Even if you don't have a license) While understanding in dept and being more technical is like (understanding how the car works).

Lastly, you understanding how the bitcoin market works is also just like understanding the traffic rules when you drive a car.

To make things short. If you just want to experience using bitcoin and how it can benefits you the only thing you will consider is understanding how you use it. But if you want to invest on it and make some profits then you are required to understand how the market works. Lastly, when you wanted to be more technical then study how it was built.

barbara44

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I think it is a generational thing, remember people who were born in 70's can use computers very well and have no problem adopting to the change in technology, which means there are only people from 60's who are having a bit of problem and even not all of them have issues with it, just a bigger portion compared to other generations, when all others die eventually we will be left with people who can understand computers and mobile phones easily.

It means with time bitcoin will be like that too, it will be general knowledge and everyone will know about it and everyone will be capable of using it, adoption is important to allow all people from 1990 and later born to use but all the other previous generations will slowly die and that would make the adoption go up as well anyway.

deisik

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Quote from: fullhdpixel on August 08, 2019, 01:42:57 AM

Many financial institutions did everything possible to get people on cashless policy until they got tired because they kept meeting less interest of people, and those who picked interest found it easy to adapt to the system. To me, there is nothing too difficult to adapt to in the system of crypto, it is just lack of interest that I see

When money talks, bullshit walks

People are not interested in cashless payments because there is nothing in it for them, although this is not quite true. Many banks are offering nice cashbacks if people are paying with their cards. That's one of the reasons Bitcoin and other cryptocurrencies have become so popular as they allow an easy and free access to trading places for all (whether people can actually earn something there is another question)

On the other hand, it is not so much lack of interest itself as psychological inertia, i.e. "the reluctance of doing something in a different way as you have an indisposition to change" (as per Wikipedia). In simple terms, people don't like change and don't like to change. But once forced to some activity, they may find it quite interesting and appealing afterwards

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The old-timer especially for those who have long known about investment and trading will choose an investment place or trading place based on the investment place itself. They will consider the place investment is really deserve to store their money either for long term and short term investment or the place will not last long and included as a bubble investment place.

I guess there are many old-timer who likes to choose to store their money for long term investment, which is mean they will consider first how its place investment will be used by new people and can be accepted easily by them. So, it is enough to see when he should buy and when he should sell their assets because these strategies is really easy to understand. So, to know bitcoin first is really needed for them and that's our job to give an education about it.

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Quote from: carter34 on August 07, 2019, 02:01:07 PM

Talking about old timers, one major issue or problem they are having with digital payment is inability to adapt. Although, the adaptability is not excluded from education and illiteracy. In other words, most of them are not educated formally.

So, is not to say that they don't like modern living.

Do you really think that it is the inability to adapt that is the issue or lack of interest? For you to be able to use something, I think you must first have interest in it and I think we have too many people that lack interest in digital payment naturally, except maybe they impose it on them, I could remember in my country when the Central bank saw that printing of money was becoming too expensive for them, and they feel that they need to reduce the way paper currencies flows in the country by encouraging cashless policy.

Many financial institutions did everything possible to get people on cashless policy until they got tired because they kept meeting less interest of people, and those who picked interest found it easy to adapt to the system. To me, there is nothing too difficult to adapt to in the system of crypto, it is just lack of interest that I see.

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Quote from: Finestream on August 07, 2019, 06:18:23 PM

But i still believe that bitcoin is not for everyone,it's only for those people who has high patience to keep on learning day by day because that would eventually develop their own skills in bitcoin and make them profitable in the latter part

Bitcoin may not be for everyone

But for entirely different reasons. As far as its user-friendliness is concerned (otherwise known as user experience), Bitcoin is already quite on par with other financial and payment tools (at least, as long as you don't try to get under the hood, which mostly refers to vanilla wallets anyway). It is not for everyone because it is simply not a payment tool and not because it lacks such capacity but because no one uses it for payments (well, some definitely do, of course, but not en masse). Bitcoin is an investment instrument and speculative vehicle but not everyone wants to get involved in this field as it is just too risky (read, many have burned their fingers already)

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Quote from: carter34 on August 07, 2019, 02:01:07 PM

Talking about old timers, one major issue or problem they are having with digital payment is inability to adapt. Although, the adaptability is not excluded from education and illiteracy. In other words, most of them are not educated formally.

So, is not to say that they don't like modern living.

In addition to that,most of the old-timers are not inclined to new technologies since they are only using books before for their education.Very different from millenials today who are more focused on new technologies so no wonder,they come to understand bitcoin easily.But i still believe that bitcoin is not for everyone,it's only for those people who has high patience to keep on learning day by day because that would eventually develop their own skills in bitcoin and make them profitable in the latter part.

carter34

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Talking about old timers, one major issue or problem they are having with digital payment is inability to adapt. Although, the adaptability is not excluded from education and illiteracy. In other words, most of them are not educated formally.

So, is not to say that they don't like modern living.

el kaka22

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I think it is on contrary becoming more and more user friendly considering we are moving to a digital world.

People do not realize this but the people who are on their 30's and younger are mo inclined to use their mobile apps to pay for stuff then people older, which means technology is actually a big part of our lives in this generation and younger and we are fine with us having an app that we would read the QR code of the shop we are buying stuff to pay for the things we bought and that is not a highly tech thing we can't manage to work, its actually easier than having a debit card that you give and then punch in your pin code and then wait for a paper to come out etc.

Of course someone in his 60's and older will not even understand that, hell people above 80 have hard time using debit cards so of course they won't find bitcoin user friendly but in 20-30 years it will be the norm for sure.

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Quote from: Reid on August 05, 2019, 10:25:07 AM

Correct.

I actually forced myself to understand everything behind bitcoin and all those programming that is used to it.
But nothing happened. I guess you really need some deep lessons to learn it.
But as bitcoin now. It is easy to understand.
For me, it is a currency/commodity and I bet anyone in the right age could understand that quickly.
Currency which is used daily and commodity as gold for a better example.

With that, it is easy to think on what should be done. Those who are into investing will just have the heads up.

Learning the full programming or detail about bitcoin is not what will help you make money through it, it is only when you understand how to really apply its usage and then trade it, when it comes to its full programming and some technological know how about it, I think you are more like going deep into the blockchain technology already, because bitcoin is a product of the blockchain technology and if you are to understand the technology of blockchain, you must have been looking at developing your own cryptocurrency or looking at having a project that is going to be laid on blockchain, and that is why people higher blockchain developers. But to make money through it is exchange, I think that you only need how to trade it in the exchange market.

Reid

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Correct.

I actually forced myself to understand everything behind bitcoin and all those programming that is used to it.
But nothing happened. I guess you really need some deep lessons to learn it.
But as bitcoin now. It is easy to understand.
For me, it is a currency/commodity and I bet anyone in the right age could understand that quickly.
Currency which is used daily and commodity as gold for a better example.

With that, it is easy to think on what should be done. Those who are into investing will just have the heads up.

darewaller

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Quote from: serjent05 on August 03, 2019, 08:55:41 AM

people don't really need to have an indepth knowledge about Bitcoin. All we have have to know is the basic of Bitcoin, its uses, how to create a wallet, transfer funds and securing our holdings. Aside from that, there are lots of 3rd party application and company that enable us to use Bitcoin easily. This way, even an old timer can easily transact (buy and sell/ convert ) Bitcoin and even use it to pay for services and goods.

I don’t think there is anything that in-depth about bitcoin, there is nothing that needs to be known about bitcoin other than those simple things that you mentioned there, the only thing that is just missing is the history of bitcoin which I think many people would definitely want to have a hint of too before accepting the system.

Blockchain technology is what is actually required to have in-depth knowledge of, and that is when anyone interested is going deep into knowing how to use it and then apply it to his own company project . Bitcoin has already been simplified by the inventor satoshi to the extent of it being understood even by a secondary school child, so anyone would understand its technology easily when being introduced to.

deisik

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Quote from: buwaytress on August 04, 2019, 12:26:26 PM

And yeah, probably the same story about old timers, but it's that longing for better times (perceived, never mind if actually true) that motivates them to bring something better, something new. Or is it? What Bitcoin promised -- and maybe to some extent, is delivering -- wasn't really ever something we had before

But that's the thing with the older generation

They want all the credit for what the younger generation is currently using (pretty much like "new timers merely find ways to innovate on tech"). But how much these old-timers actually did and how much the new-timers don't? Such story is truly lost in centuries as all generations contribute more or less equally to the progress, while each one pretending to be the most helpful and valuable since the beginning of times, ever. In reality, though, there's no one particular generation that did all the dirty job for the entire history of humankind

Quote from: buwaytress on August 04, 2019, 12:26:26 PM

So, hey, got to credit the old timers for solving one of the oldest problems of trust!

They were standing on the shoulders of giants

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Quote from: deisik on August 03, 2019, 08:29:11 AM

Quote from: buwaytress on August 03, 2019, 07:08:02 AM

Deisik, you seem to be a slightly different person from the poster I recall in 2017 but maybe we all sound different after passing through each period of Bitcoin's (hopefully) neverending cycle

Well, that's an interesting turn, but you can be damn sure I'm that person (with two extra years, naturally)

Quote from: buwaytress on August 03, 2019, 07:08:02 AM

I always think there's a huge underestimation when we talk about old timers and tech. Old timers were the ones who created the tech we take for granted. New timers merely find ways to innovate on tech

Isn't it the same story as the grass greener, the sky bluer, and the climate better back in the day?

Glad to hear, it's weird to see my old posts too, from two years ago. Probably even weirder if I could even find my original account from 2015, I'd demerit most of the posts from THAT one.

And yeah, probably the same story about old timers, but it's that longing for better times (perceived, never mind if actually true) that motivates them to bring something better, something new. Or is it? What Bitcoin promised -- and maybe to some extent, is delivering -- wasn't really ever something we had before. So, hey, got to credit the old timers for solving one of the oldest problems of trust!

Spaffin

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Guys, I think there is no need to argue on this topic, because the prospects for cryptocurrency and bitcoin in the future can not be compared with which of the people can use all this. If we are talking about the elderly, then there should not be any debate, because today not all older people can even use a computer or even a smartphone. In certain countries, getting a pension using a bank card is a problem for many. I am not talking about the old people who live in the United States of America, since this country has long gone ahead in its development and there the elderly are much more advanced than those who live in the countries of Asia.

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Quote from: deisik on August 01, 2019, 12:42:47 PM

It is often said and then repeated that Bitcoin is not for the masses and definitely not for old-timers as it is too difficult to understand:

Quote from: lixer on August 01, 2019, 09:14:53 AM

Quote from: Betwrong on July 31, 2019, 07:29:50 AM

Well, I can't blame them for that. Americans had been told for years that Bitcoin is a bubble and that investing in it is insanity. Most of them had listened to the advice of "experts" and never invested in Bitcoin, but those who decided to take risks despite the persistent cautions, have made good money along the way.

And now, when BTC after dropping from almost $20k to almost $3k has started rising again instead of going to zero, as those experts predicted, people have decided to stop believing them. Quite a logical decision, if you ask me.

Except they don’t understand the technology of bitcoin fully because if they do, I am not sure that anyone will be able to talk them out of investing in bitcoin or using it as payment system when they know that the se of bitcoin fully protects the user again anyone knowing about the transaction. So, if they really had interest in it from the onset, then they should have already invested in it long time again when they had the chance

But how many of us actually understand how Bitcoin works internally, even partially?

I don't think that many. The truth is, it is not required to be a certified mechanical engineer (or whatever) to drive a car. In some cases you don't even need a driving license. For example, the British queen drives without one and she is an old-timer without reservations. Long story short, you don't need to understand the technology behind Bitcoin to invest in it, though you definitely should understand how the market works. But once you get the hang of it, you are no longer tied to, or constrained by, Bitcoin specifically (and its technology). In other words, everyone should be able to buy low and sell high (okay, invest profitably) these days, and there should be no exception for old-timers, and still less for those to become them one day (read, us)

I agree with you, people don't really need to have an indepth knowledge about Bitcoin. All we have have to know is the basic of Bitcoin, its uses, how to create a wallet, transfer funds and securing our holdings. Aside from that, there are lots of 3rd party application and company that enable us to use Bitcoin easily. This way, even an old timer can easily transact (buy and sell/ convert ) Bitcoin and even use it to pay for services and goods.

deisik

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Quote from: danherbias07 on August 03, 2019, 05:32:08 AM

Newbies tend to go greedy. They cannot wait. They want money back and profit in just a couple of minutes

I don't think it is so much about newbies versus old-timers (old-timers as in early adopters)

I'd rather say it is more about price then (i.e. almost 10 years ago) like a few cents per bitcoin (or whatever) and now, more like many thousands of dollars per exactly same bitcoin. When something is literally not worth a dime, you wouldn't expect people to care a lot about it. On the other hand, you wouldn't really expect anyone to as literally bury something worth as much as Bitcoin is today, either. It is the price which is the great divider here, not patience or its lack between different generations of Bitcoin adopters (old-timers vs newbies)

Quote from: buwaytress on August 03, 2019, 07:08:02 AM

Deisik, you seem to be a slightly different person from the poster I recall in 2017 but maybe we all sound different after passing through each period of Bitcoin's (hopefully) neverending cycle

Well, that's an interesting turn, but you can be damn sure I'm that person (with two extra years, naturally)

Quote from: buwaytress on August 03, 2019, 07:08:02 AM

I always think there's a huge underestimation when we talk about old timers and tech. Old timers were the ones who created the tech we take for granted. New timers merely find ways to innovate on tech

Isn't it the same story as the grass greener, the sky bluer, and the climate better back in the day?

buwaytress

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Deisik, you seem to be a slightly different person from the poster I recall in 2017 but maybe we all sound different after passing through each period of Bitcoin's (hopefully) neverending cycle...

I always think there's a huge underestimation when we talk about old timers and tech. Old timers were the ones who created the tech we take for granted. New timers merely find ways to innovate on tech.

Bitcoin almost certainly was created by old timers while new timers were busy using facebook money and finding new ways to use paypal.

Just me thoughts is all.

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With this post I remember only one guy who also started a thread here then just vanished.

He bought 2 bitcoins and put all the details in a memory card. Left it somewhere in their garden buried under soils.
I forgot the year but it was never thousands of dollars which is equivalent to 1 bitcoin.
I am now intrigued how is he now. Did he withdrew already or still just doing his everyday life without knowing he had 20k USD already.

Those are examples of guys who dont give a shit. But, he did have faith with bitcoin.
It is like he knew it will valued someday and still risked money for it.
That is for old timers by now.

Newbies tend to go greedy. They cannot wait. They want money back and profit in just a couple of minutes.

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