I don’t think it’s fair to say that people are not nerdy enough. Bitcoin in todays date is hell of a lot more recognized commodity compared to what it was a few years ago.
Even though the average person might not fully recognize how it works and operates, the average knowledge that an individual has on bitcoin is far greater than what it was 5 years ago.
This only goes to show that there is improvements being made in the knowledge transfer and we will be in a better place 5 years from now
Topic: People Are Not Nerdy Enough (Read 775 times)
The majority of the people in the world today have no interest in Bitcoin and Blockchain technology, let me use my country as an example, people look at me like I am a different being from another planet, and everything I get myself involved with looks like something impossible for others to get involved with, this is peoples opinion about me, some called me smart person but I am not, I learned everything about Blockchain online, I have tried to confuse them that there is nothing magical about understanding Bitcoin but they don't care about my explanations.
Fiat money is what people are used to, and many believe that the government is the only thing that can direct them to go this way instead of that way, once the government made mentioned that crypto is scam many believe and they took it seriously, when the government later lifted the ban they still don't care anymore, but some people are into Bitcoin in my country, but the numbers is very small compare to those who don't care, give the Fiat currency and they are good.
Some numbers of youth are educated about still they don't want to be involved with Bitcoin, they all seem to care about making money faster than anything, Bitcoin investment is long journey to them yet years after years will pass them by with nothing achieved, it's not just about the Nerdy thing, many sees Bitcoin investment as too stressful.
Fiat money is what people are used to, and many believe that the government is the only thing that can direct them to go this way instead of that way, once the government made mentioned that crypto is scam many believe and they took it seriously, when the government later lifted the ban they still don't care anymore, but some people are into Bitcoin in my country, but the numbers is very small compare to those who don't care, give the Fiat currency and they are good.
Some numbers of youth are educated about still they don't want to be involved with Bitcoin, they all seem to care about making money faster than anything, Bitcoin investment is long journey to them yet years after years will pass them by with nothing achieved, it's not just about the Nerdy thing, many sees Bitcoin investment as too stressful.
The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.
Aside from the Satoshi white paper, there are several great publications with impressive write-ups that can be used as a guide. If you want to get involved with bitcoin, you must be prepared to do some research because there will be numerous rewards. That part of the situation cannot be overlooked. Many people are still technologically behind, which is why I am always delighted to see people promoting awareness because people genuinely need that knowledge. The major problem with people is that they don't want to suffer and they want money because i don't see a reason why you will invest in what you don't have knowledge on. It does not show responsibility at all in term of finance. And that is even when they invest they don't succeed because they choose to be ignorant.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
The long term results are still unknown but BTC is becoming increasingly popular in some places and for the future they are here to stay and will likely thrive.
The proliferation of information of Bitcoin is still ongoing. With this knowledge being distributed everywhere comes adoption. So we can say Bitcoin will keep on getting popular everyday.
To be known. Of course, people's obsessions are different. Learning BTC is a must. However, if the main thing is just trading, that's the number 2 thing that is true. Most of those who have entered the market are a bit frustrated seeing the value of their assets continuing to decrease after the last big correction and having to wait for the market to return to normal and look for additional funds to buy back, if any. if not the most Hodl with patience that people will suggest and this happens thousands of times every day.
For those who are into Bitcoin economy then Bitcoin learning is a must. But for those who are after different things, then Bitcoin learning is just an option. People life will still carry on even without learning Bitcoin especially to the place where Bitcoin is banned.
I can't really blame the common guy on the street , he is probably struggling with his common problems. When many people hear about Bitcoin and its current price some fear and back off and look for other alternatives, some are hardly educated about it and even if there are interested have no one to put them through. I think its up to us to share our knowledge and faith in bitcoin and the entire cryptoverse to everyone around us. If this is the future and we know it then let's market it . Bitcoin above the moon 🌙
at the moment not that many btc addresses have 0.01 coins
the official numbers are
0.01 to 0.1 btc are about 9 million addresses this is a 2021 number
https://en.cryptonomist.ch/2021/11/03/bitcoin-all-time-high-for-0-01-btc-addresses/
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
the official numbers are
0.01 to 0.1 btc are about 9 million addresses this is a 2021 number
https://en.cryptonomist.ch/2021/11/03/bitcoin-all-time-high-for-0-01-btc-addresses/
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
The long term results are still unknown but BTC is becoming increasingly popular in some places and for the future they are here to stay and will likely thrive.
To be known. Of course, people's obsessions are different. Learning BTC is a must. However, if the main thing is just trading, that's the number 2 thing that is true. Most of those who have entered the market are a bit frustrated seeing the value of their assets continuing to decrease after the last big correction and having to wait for the market to return to normal and look for additional funds to buy back, if any. if not the most Hodl with patience that people will suggest and this happens thousands of times every day.
The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.
The Internet has existed for hundreds of years and is not accessible to everyone, and even smartphones are not really popular in many places. Meanwhile, bitcoin is only 14 years old and what do you expect from bitcoin? 14 years is a long time compared to a person's lifespan, but with the revolutions and innovations in the world, it is nothing. How many years has the internet existed, how many years has gold and fiat currency existed? If you compare bitcoin to those things, bitcoin is like a baby, you can't expect everyone to know about it. Everything takes time and I see bitcoin growing too fast, not as slow as you think.
What hundreds of years are you talking about? Most of the world got easy access to the internet less than 30 years ago. Some even only after BTC creation. So yeah, a lot of people still don't trust or use the internet. And even more, obviously, think the same about Bitcoin.
The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.
The Internet has existed for hundreds of years and is not accessible to everyone, and even smartphones are not really popular in many places. Meanwhile, bitcoin is only 14 years old and what do you expect from bitcoin? 14 years is a long time compared to a person's lifespan, but with the revolutions and innovations in the world, it is nothing. How many years has the internet existed, how many years has gold and fiat currency existed? If you compare bitcoin to those things, bitcoin is like a baby, you can't expect everyone to know about it. Everything takes time and I see bitcoin growing too fast, not as slow as you think.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
The problem is not about people not being nerdy enough, the problem is that people are simply lazy, that's it. From time to time I try to talk about finance, investments, and also cryptos with my friends but I can see how they're not actually interested even thought there is someone pretty much explaining them how to (hopefully) make money. People always complain about not making enough money, working too much, having debts, etc etc, then you actually have the opportunity to do things in a different way and... you're not interested. I just don't get.However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
Lazy, unmotivated, doesn't want a change or anything that would hinder them to become knowledgeable in any aspect of learning. I also relate to you, I've tried to motivate the people that surrounds me of course my friends by just saying it could simply help them change their life if they learn financial management, investment especially in the crypto. Well, of course it's true that some people would be curious and hooked into your introduction to these opportunities but they would just expect an easy money without exerting effort.
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My only regret is discovering the whole finance/crypto world too late, I wish I had someone 10-12 years ago telling me just a few things about finance and how to invest for the long run.
There's no late comer in crypto maybe if we were too early we would have the advantage especially in the past bullrun market. But still I think it would still be hard since crypto or Bitcoin is still unpredictable. But yeah learning early is one of a hell big advantage.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
The problem is not about people not being nerdy enough, the problem is that people are simply lazy, that's it. From time to time I try to talk about finance, investments, and also cryptos with my friends but I can see how they're not actually interested even thought there is someone pretty much explaining them how to (hopefully) make money. People always complain about not making enough money, working too much, having debts, etc etc, then you actually have the opportunity to do things in a different way and... you're not interested. I just don't get. My only regret is discovering the whole finance/crypto world too late, I wish I had someone 10-12 years ago telling me just a few things about finance and how to invest for the long run.However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
Ah, curiosity, that's another thing that you necessarily need to have, the more curious you are the more you'll improve your life thanks to the knowledge that comes from that curiosity.
The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
Maybe 🤔 you need to look 👀 at the bell curve for iq.
½ the people in the world are below average iq
and ½ are above average iq.
so if you need a minimum of average iq to understand it 4,000,000,000 won’t understand it.
I would argue only 10% maybe 20% of the world understands bitcoin. Not 50%
That means you need to be above average iq to understand it.
So maybe only 1 or 1.5 billion are smart enough to understand it.
Now the next issue is you have to be in a part of the world that gives you some kind of a shot at financial success and non violent peacefulness is also helpful.
I can tell you lots of countries will not be supporting of most of its people.
So maybe 250 to 500 million have the brains and the circumstances to buy into btc.
I think 200 million are using btc as I type. So maybe 🤔 we are close to what you should be in terms of adaptation.
How many people understand TCP/IP, IPv4, IPv6, BGP? Very few.
How many people use the internet? 5 out of 8 billion so far.
And please don't tell me internet was destined to be used by billions (unlike BTC), because even smart, high-IQ people couldn't have predicted it.
Linux was also a niche OS back in the 90s, until Android came out and made it mainstream.
Many people use Android and they don't even realize they're using Linux.
Guess what? Maybe Bitcoin needs to have its own "Android moment", which means billions of people will potentially use it in the future, even if they won't realize they're actually using Bitcoin. Crazy, right? As crazy as Android would sound in the 90s (an era where Windows prevailed).
What will be Bitcoin's "Android moment" and when it will happen exactly is a guess as good as mine.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...
It is all about interest and the immediate need of the technology. Since learning and not learning Bitcoin does not pose any threat, people don't find it a basic need to learn about the technology of Bitcoin. If learning Bitcoin is a matter of life and death, I think all people could have known and learned about Bitcoin already.
This simply shows that not all people are interested in Bitcoin and its technology, and we cannot force these people to get interested in learning about Bitcoin technology. After all, it is their life and their decision. I believe it is better to improve our own learning than pushing others to learn about BTC.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
Maybe 🤔 you need to look 👀 at the bell curve for iq.
½ the people in the world are below average iq
and ½ are above average iq.
so if you need a minimum of average iq to understand it 4,000,000,000 won’t understand it.
I would argue only 10% maybe 20% of the world understands bitcoin. Not 50%
That means you need to be above average iq to understand it.
So maybe only 1 or 1.5 billion are smart enough to understand it.
Now the next issue is you have to be in a part of the world that gives you some kind of a shot at financial success and non violent peacefulness is also helpful.
I can tell you lots of countries will not be supporting of most of its people.
So maybe 250 to 500 million have the brains and the circumstances to buy into btc.
I think 200 million are using btc as I type. So maybe 🤔 we are close to what you should be in terms of adaptation.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?
I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...
legendary
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Call your grandparents and tell them you love them
feeling frustrated alone will not produce and change anything, you can take a small step to introduce and educate about Bitcoin to your family or closest friends who are interested in Bitcoin.
I think its similar to being a teacher and for being a good teacher patience is a big trait to have or develop. Which is why its rare to have a teacher whom we actually remember from school days who would listen and remain clam to explain things to us in detail. Point is that we should adopt a similar stance when teaching people about bitcoin, but it can get frustrating at times.My suggestion is not to over do it or take it up like personal vendetta. It is ultimately a personal choice to invest in bitcoin or buy bitcoin and hence just let them follow that.
Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it.
there are many reasons why many people still don't understand Bitcoin or are hesitant to find out more about Bitcoin. Life is not only about Bitcoins.lack of understanding of technological progress may be one of them and actually you don't need to feel frustrated and blame people who don't understand the potential of Bitcoin.
feeling frustrated alone will not produce and change anything, you can take a small step to introduce and educate about Bitcoin to your family or closest friends who are interested in Bitcoin.
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