People Are Just Too Stupid to Use Bitcoin Right Now - page 19.

The Sceptical Chymist

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Quote from: erikalui on April 10, 2016, 10:01:47 AM

Quote from: The Sceptical Chymist on April 10, 2016, 05:50:46 AM

Quote from: erikalui on April 10, 2016, 04:23:00 AM

I agree here as many don't take Bitcoins as a way to not pay taxes and its decentralization and ability to own the private keys of a wallet don't go well with the mass. They still prefer PayPal/Cards over Bitcoins as many websites/brands only make use of these payment methods. Also, there are way too many negatives written by media about bitcoins that people fear that it can be illegal to use this currency which is a untrue. It's just that crypto currency is not a convenient payment method for many and it's not easy to buy bitcoins online as well.

If I'm the average Joe on the street and my paycheck is in dollars and things are priced in dollars, why go out of my way to buy bitcoin just to spend it on things that I could just as easily buy with dollars?

It's not that people are too stupid. Not by a long shot.

If salaried people are given the option to choose bitcoins as a part-payment option (just like I get the option of choosing Sodexo coupons as it's tax free), people would choose bitcoins in that case like people in my office do. It's not about being stupid here but it's that people who might be interested in investments as well don't find it easy to buy bitcoins and others just don't care.

Your situation sounds rare. Most people don't get paid in bitcoin and I'm not sure most people would choose to. The value of your paycheck could drop 20% overnight.

Nimbulan

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Quote from: TheCarrotBaou on April 10, 2016, 12:40:53 PM

Quote from: calkob on April 10, 2016, 06:00:50 AM

Have you not considered that maybe bitcoin is to complicated for the average person right now ?

It's pretty simplistic to me, and I'm pretty average if I do say so myself.

well it is not that hard to just use it from time to time, you just need to know how bitcoin wallet works and you need to know how numbers actually work and thats it in my opinion

i doubt that people are too stupid to use it, in my opinion they might just not understand all the things how it actually works but theres no need to know that i think

TheCarrotBaou

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Quote from: calkob on April 10, 2016, 06:00:50 AM

Have you not considered that maybe bitcoin is to complicated for the average person right now ?

It's pretty simplistic to me, and I'm pretty average if I do say so myself.

ronaldinho_07

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Well that remembers me the internet on the first steps,no one know how to use it,nowadays is hard to survive without it.Bitcoin is facing the same problem,people dont know how to deal or work with bitcoin soo they ignore it,but consider who use it insanes ,blind people .The society that ignored bitcoin has already cryed to not be able to be part of bitcoin,we are small in number but we can do anything with bitcoin they can do with fiat.

Zaun

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I do not think that people are just too stupid to use the bitcoin, I think they are thinking its just too difficult or they do not know that it is at all.
Mostly likely globally it will be because of the point that people do not know it and do not know the advantages from the bitcoin itself.

ATguy

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Quote from: RoommateAgreement on April 10, 2016, 12:08:51 PM

Quote from: noormcs5 on April 10, 2016, 12:01:30 PM

Those who know bitcoins will never leave them as they know the benefits of it.

i agree but the problem is that it doesn't matter if we who love bitcoin never leave it, because even if we all stay and continue using bitcoin and it doesn't reach the mass adoption we will never see the true usage of bitcoin and the high prices.

People just using fiat because it works fine. But after they experience hyperinflation and get their fiat ballances worthless themselves, they may be inclined to use Bitcoin next time instead to dont have any fiat at risk anymore.

You can save wealth in gold longterm, but for everyday use you need Bitcoin instead - and with the same anti inflation protection like gold has!

blunderer

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OP, people aren't too stupid. Finding contrived & complicated ways to do simple, everyday tasks is, arguably, stupid.

Slowturtleinc

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Lets face facts,people do not like change and its the biggest detriment to living a authentic life. Lot of people get stuck in a issue and they wear it for the rest of their lives.
You add the fact that most people read at or below a grade five level of reading comprehension and you start to see the roadblocks for bitcoin. You span out to a global sense and it gets more dire.
Just wait till the internet is available to everyone in the world,we will see how poorly educated the masses are.

RoommateAgreement

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Bazinga!

Quote from: noormcs5 on April 10, 2016, 12:01:30 PM

Quote from: btccashacc on April 10, 2016, 07:05:41 AM

Quote from: Raimonn on April 10, 2016, 06:53:44 AM

All the people aren't too stupid, you made it too generic. Some need more information about what is and how could change its monetary system. Others never heard anything about bitcoin. And some could be stupid or wrong and don't want to use it.

it could be means the majority of the bitcoiner are smart and lucky,coz they already knew it and using it right now, isn't it? i personally agree with you that many peoples out there never heard anything about bitcoin, due to lack of promotion and adoption or something else

Those who know bitcoins will never leave them as they know the benefits of it.

i agree but the problem is that it doesn't matter if we who love bitcoin never leave it, because even if we all stay and continue using bitcoin and it doesn't reach the mass adoption we will never see the true usage of bitcoin and the high prices.

noormcs5

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Quote from: btccashacc on April 10, 2016, 07:05:41 AM

Quote from: Raimonn on April 10, 2016, 06:53:44 AM

All the people aren't too stupid, you made it too generic. Some need more information about what is and how could change its monetary system. Others never heard anything about bitcoin. And some could be stupid or wrong and don't want to use it.

it could be means the majority of the bitcoiner are smart and lucky,coz they already knew it and using it right now, isn't it? i personally agree with you that many peoples out there never heard anything about bitcoin, due to lack of promotion and adoption or something else

Those who know bitcoins will never leave them as they know the benefits of it.

erikalui

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Quote from: The Sceptical Chymist on April 10, 2016, 05:50:46 AM

Quote from: erikalui on April 10, 2016, 04:23:00 AM

I agree here as many don't take Bitcoins as a way to not pay taxes and its decentralization and ability to own the private keys of a wallet don't go well with the mass. They still prefer PayPal/Cards over Bitcoins as many websites/brands only make use of these payment methods. Also, there are way too many negatives written by media about bitcoins that people fear that it can be illegal to use this currency which is a untrue. It's just that crypto currency is not a convenient payment method for many and it's not easy to buy bitcoins online as well.

If I'm the average Joe on the street and my paycheck is in dollars and things are priced in dollars, why go out of my way to buy bitcoin just to spend it on things that I could just as easily buy with dollars?

It's not that people are too stupid. Not by a long shot.

If salaried people are given the option to choose bitcoins as a part-payment option (just like I get the option of choosing Sodexo coupons as it's tax free), people would choose bitcoins in that case like people in my office do. It's not about being stupid here but it's that people who might be interested in investments as well don't find it easy to buy bitcoins and others just don't care.

BTCLovingDude

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BTC to the moon is inevitable...

their stupidity and ignorance is our opportunity. because right now the price of bitcoin is low if you believe in bitcoin and believe that in the future it is going to be mass adopted.

so all those ignorant people will regret their decision as i am regretting not getting into bitcoin a couple of years ago

Mr.grin

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I guess for some people very rarely surrounding normal internet or just open facebook and twitter, they will never know the potential of bitcoin. even just do not know to use bitcoin, even they did not know bitcoin. I think they need to think more broadly that the internet can also make a lot of money, and bitcoin is one way to get it.

nejibens

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Quote from: Hellacopter on April 10, 2016, 08:57:19 AM

I think that's wrong idea, if you secure your wallet and have the good knowledge about Bitcoin's currency it's better a lot than using fiat right now. This crypto currency is growing up daily, the price will get higher and stable soon as well

I am agree with you about this point. In fact i think the future is for the Bitcoin's users worldwide.

Hellacopter

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I think that's wrong idea, if you secure your wallet and have the good knowledge about Bitcoin's currency it's better a lot than using fiat right now. This crypto currency is growing up daily, the price will get higher and stable soon as well

Daniel91

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Well, very interesting statement but mostly I agree.
In fact, I don't think that people are stupid to use Bitcoin but they are more scared to do anything online or skeptic about Bitcoin.
I could see from my personal experience how difficult is to inspire people to try bitcoin.
Some people are afraid even to buy something online with credit card or to use Internet banking

I think that mostly young generation is open to bitcoin but this will not be enough that Bitcoin becomes mainstream.
We need also many ''big'' companies and merchants which accept Bitcoin.
Hopefully, after that even stupid people will start using bitcoin

LoyceV

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Quote from: smashbtc on April 10, 2016, 12:17:37 AM

"People are just too stupid to use bitcoin right now,” I overheard someone argue at a bar a few weeks ago as we were discussing the potential of cryptocurrency.

I think he's right! But not (only) for the reasons in the article. My main reason: look at how many bitcoins are either lost forever or stolen, I've read estimates of 20-30% of all bitcoins ever mined. In just 7 years losing 20-30% is an amazing amount of money, and that is only from people who are bitcoin enthousiasts. Now imagine a 95-year-old has to use a bitcoin wallet, encryption and create backups of it. Of course that has a huge chance to go wrong.

Quote

“Society’s understanding of where money comes from is the real challenge.

The average person does not understand the current concept of fiat money either. I think barely anybody really understands its debt-based creation. As the article explains: " In fact, 97% of all money is created by banks via fractional reserve banking.", AKA only 3% of the money is actually printed, and 97% is made up by banks to earn interest on non-existing money.

Barbut

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People are suspicious about new things. And yet after fighting against something (no matter what change), people slowly start to accept it. I think same will be with bitcoin. Silent water crushes even mountains, bitcoin is slowly conquer the world. I think progress that bitcoin made in last 8 years is awesome. Bitcoin is stronger every year, we can imagine how everything will look for another 8 to 10 years.
I believe bitcoin have a nice future. Many people work for that and many many more follows. Community is growing stronger.

jethrorn99

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Quote from: arwin100 on April 10, 2016, 06:05:46 AM

Quote from: calkob on April 10, 2016, 06:00:50 AM

Have you not considered that maybe bitcoin is to complicated for the average person right now ?

Yes bitcoin is very complicated to the people who didnt expose to much in web. and even if they are always online of facebook theyr not still aware this is existing. lucky we are adventourous person and knoe about this and yet not were earning by bitcoins. And i dont think were stupid cause we earn by this were not wasting our time for nothing.

We just lucky because we are still young and still want to learn new things . With age, learning new things is getting harder and harder each day.

It's not because we are adventurous , it's because we are still young. Even tho there are Old people that still learning new things, but for average people, it's hard.

Hazir

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The problem is - most people are not thinking about concepts of society, politics, economic and philosophy. They just want to live.
FIAT money is for them something so natural like air, they don't wonder where it comes from and how it works - and how it could be even better.

Topic: People Are Just Too Stupid to Use Bitcoin Right Now - page 19. (Read 13463 times)