People Are Not Nerdy Enough - page 5.

isaac_clarke22

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Quote from: Mauser on July 17, 2023, 05:23:11 AM

It's not only about crypto currencies, when it comes to financial assets in general I find that many people have very little understanding of them. Even when they have large sums of money invested in assets, they don't know much about them and don't care to learn more about it. Stocks are a great example among my friends where they are clueless about the companies they are buying. A good friend of mine actively buys stocks for a few years only on recommendations he reads online. He is not doing any research for himself, as long as someone recommends it too him, he is willing to invest. It's definitely a lack of understand economics & finance, but he isn't even motivated to learn about. If people work in jobs that have nothing to do with money, like doctors, it's hard to make them interested in new topics. Only a small fraction of people are economist or interest in the topics.

Really true to be honest and even I still keeps learning about financial assets by myself. It is just really a lot to learn to it and somehow not everyone just doesn't have the time to learn all of it. I don't blame my school and even my university for not teaching it.

It's just to each and their own anyway. Stocks are slightly a different topic though since it is usually used as an investment rather than a currency. Bitcoin, or crypto, is really a wide stuff to learn. It's just like learning SOLID principles in programming. Not everyone just applies it.

martinex

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Quote from: urbanmerchant on July 17, 2023, 01:40:45 AM

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?

I think, For now, it's not that most don't want to learn, but they aren't interested yet and some are directly trading while learning. So, I think, that's normal. who really cares and is less interested in seeing the potential that BTC has as a virtual commodity as well as a fiat economic alternative as you mean.

Casdinyard

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Can you really blame them though? The prospect of profit is not enough a reward. People nowadays would much rather receive immediate gratification than delayed ones, which is something that cryptocurrencies are good at. Plus you also have to consider the fact that bitcoin and cryptocurrencies are in hot water right now after the numerous crackdowns that governments from US and beyond are making which definitely do not sit well with the average joe who doesn't know what cryptocurrencies are besides what he can see on the news.

In any case, we're sitting pretty nicely on our little boat right now, Rome wasn't built in a day as one guy in this thread said, proper campaigning and movements are more important than surge of users that are in here for the profit. We need people who would stay, not people who's here during bull runs and then gone as soon as the first sign of dumping comes out.

BlackHatCoiner

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Quote from: Alpha Marine on July 17, 2023, 08:03:34 AM

My problem is with people who understand it and are still against it.

I prefer to adopt a different, more respectful stance towards those individuals. Opposing Bitcoin once you have understood its functioning and why it exists, is rooted in political disputes. Bitcoin itself tends to align with right-wing ideologies, representing a form of conservative money rooted in a free market concept without any state interference. This fundamentally aligns with right-wing principles and a pro-capitalistic approach. However, Bitcoin's association with anarcho-capitalism sets it apart from the modern capitalism (neo-liberalism) characterized by extensive state intervention.

The thing I like about that, even though I'm not in favor of anarcho-capitalism, is that it acts as a barrier to neo-liberalism, and very effectively. Bitcoin remains unstoppable in countries adhering to neo-liberalism, thus I perceive it as a force that helps maintain a balance amidst political disparities.

ringgo96

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In learning something of course we are not enough in one way, as you said learning bitcoin we are not enough with nerds, because there are many things that we must understand and need guidance from our seniors who are experienced in the crypto world, and do not force your mind in exploring bitcoin because until you feel frustrated, Everything takes a process and time that we have to go so that everything we do in the crypto world always brings profits.

Alpha Marine

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It's going to take time. You don't expect people to know, understand and believe in Bitcoin overnight. I don't have any quarrel with people who don't know or understand Bitcoin. My problem is with people who understand it and are still against it. But I can understand that everybody has his own opinion.

Innovations like Bitcoin takes time to be adopted. Imagine when paper money was introduced. Did it get adopted world wide in 10 years? I believe it must have been more than that because it was a new invention that they really didn't understand how it works.
I imagine that there where people that asked how is a certain paper different from another paper.

About 62% of the world population use the internet, so how do you think the use of Bitcoin will be. A lot of people are very skeptical of things like this, probably because they've been scammed before, so you can't blame them, they just lack the understanding.

Faisal2202

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Quote from: urbanmerchant on July 17, 2023, 01:40:45 AM

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?

i agree even i am also included in the group of those people who are not nerdy in the case of BTC. Because TBH, till now i didn't read the white paper of BTC, yeah i know that's sound stupid. But i do read around 30+ whitepapers of new projects (ALTs). Even if i hadn't read the WP of BTC but still i think i have enough knowledge about what is decentralization and why it valued. And obviously i know many other things too.

But in short i know these and i come to know them here on BTT. And, yeah people do not know the potential of BTC because most of the people do not understand the financial system like how Banks are manipulating them.

Let me tell you how BTC saved my ace from banking sector. i didn't know the truth behind Banking sector and didn't know how are they manipulating us to think that they are so important part of the economy while their exist an alternative which is digital finance. So to understand the potential of BTC you must know why it is needed.

Lucius

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Quote from: urbanmerchant on July 17, 2023, 06:00:05 AM

Economies grow through spending and investment, so I am doing my best to encourage people to spend their bitcoins through virtual marketplaces and other channels. A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam. This was a facepalm moment for me. Those bitcoins are now locked on the blockchain forever, because without a private key, there is no way to ever access them. (Unless someone finds the paper wallet in the trash? How likely is that? )

No one will take what you've written seriously, because you're a beginner on this forum and you haven't provided any proof that you did something like that - and who gives someone $300 000 today without explaining exactly what they're giving away? There are isolated communities of people who don't understand the concept of money, and if someone gave them a bag full of bills they would use them to light a fire or maybe find them some other use.

Next time you want to throw 10 BTC in the trash contact me - rest assured that every satoshi will be used for good purposes Wink

PeRo

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You are not taking into consideration that not all people are interested in Bitcoin and that they just do not want to learn about it even if they know it exists and what is it used for. Even though the Bitcoin community is not that big, it still is growing day by day and we made a big difference the past few years. But you have to understand that this community is filled with people which should be in it, whether they are traders, holding Bitcoin or just like to invest in anything, including Bitcoin. Not everyone wants to invest their money or want to be nerdy, they've found their interests and are going with it - I personally don't even like the nerdy stuff, I'm just here because I love Bitcoin and use it, and plan to further invest in it.

I've already had similar replies on topics about adoption and I still stay by it. Try to help people who want to invest/use Bitcoin and spread the word but don't shove it into every conversation and insist on it, it just scares the people away.

Wildwest

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In learning something we do not focus on one way for example learning bitcoin by buying nerds, but we are not easy to understand without someone guiding us, so we have to find other ways to explore the use of bitcoin, both ask people who already understand about bitcoin and learn by searching for materials on the internet or other media, And we have to be patient with understanding about Bitcoin because there are so many things we have to learn, don't get frustrated easily because everything takes time.

michellee

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Many people still don't know what Bitcoin is and still use methods they already know to make money. Maybe they don't think there is another way to earn, namely with Bitcoin, so the presence of Bitcoin hasn't attracted their interest. Or some already know the presence of Bitcoin but don't want to find out what Bitcoin is.

The situation is normal, especially if they are still working comfortably in their workplace and have no problems making money. But maybe it's also because of a lack of understanding of technology that makes them not care about the presence of Bitcoin.

It is only a matter of time until they become aware of Bitcoin's presence in their midst and start figuring out how to own and use Bitcoin. And until then, we have to get ready to own more Bitcoins.

cryptosize

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People have different interests/skills, that's all.

Some may be proficient in IT/economics, while others may be proficient in cooking/dancing.

And guess what? The WEF elites depend on the fact that the Average Joe is totally clueless about economics/IT.

That's why it's so hard to stop CBDCs. They will advertise "ease of use" (at the expense of freedom).

Quote from: urbanmerchant on July 17, 2023, 06:00:05 AM

A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam. This was a facepalm moment for me. Those bitcoins are now locked on the blockchain forever, because without a private key, there is no way to ever access them. (Unless someone finds the paper wallet in the trash? How likely is that? )

You can't be serious! Shocked

You donated that much money a few weeks ago? Or maybe 10+ years ago?

I tend to say "study Bitcoin first, acquire Bitcoin later" for a reason.

Most people don't love knowledge, I can tell you that much. They do love degrees though! (because they can get a better job position that way)

demonica

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It's not that easy and fast to spread awareness regarding Bitcoin. A lot of people are still struggling with the basic technology and basic finances or financial services offered with fiat so it's not that surprising if others may find it hard to understand Bitcoin. Not everyone is interested in Bitcoin and not everyone is willing to self study about it. Bitcoin awareness and adoption could possibly grow faster if there is a big support from a lot of government. But that's not the case to every country. And not everything can be easily adopted and understand by the majority.

For me, as long as there's a progress, it's already doing great. We've been seeing great progress with the growth of population getting interested in Bitcoin.

so98nn

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Most peeps also don’t know how oil is dig out and purified, how Gold is mined and purified, shaped, made into jewellery, most of them don’t even know how money notes and coins are made.

Well, it doesn’t mean they can not use it or can not speculate about it? No one is perfect in every field so let’s call it a highly speculated discusion itself.

Many industries run on multiple layers. In every layer there is skilled crowd and there is general public. I don’t think economy runs with only economist. It’s a mixed version of reality that give rise to perfect economic circle.

Fivestar4everMVP

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Well, never compare yourself to other people out there, first is that, our level of reading and comprehension is never the same, many will have to read a piece two to three times to be able to fully comprehend the content of that piece, while for others, it takes just one read, so yeah, our level of growth in terms of knowledge is not the same, and also consider the fact that many today can comfortably do any other thing but read, especially in most parts of Africa today, this is why it's commonly said that, if you want to hide some thing from an African, then hide it inside a book, why?, because many of us don't read, and if we don't read, how do we learn and understand truly what bitcoin is all about..?.

urbanmerchant

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Quote from: Lucius on July 17, 2023, 05:31:39 AM

Quote from: urbanmerchant on July 17, 2023, 01:40:45 AM

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.

Although I agree that the vast majority of people who have heard about Bitcoin do not understand what this is really about, it is also a fact that most of those who own it do so only for possible profit. Who do you think is the bigger problem? Those who do not understand BTC, or those who know well what it is about, but have never used it as a currency?

I think people who understand what Bitcoin is yet never use it as currency are the bigger problem. It's just facts the crypto economy is better than Fiat based economies because many PoW crypto's had a fair launch and limited supply and function as virtual commodities. This facilitates a stable economy and a virtual currency that doesn't have to rely on the strength of the economy.

Economies grow through spending and investment, so I am doing my best to encourage people to spend their bitcoins through virtual marketplaces and other channels. A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam. This was a facepalm moment for me. Those bitcoins are now locked on the blockchain forever, because without a private key, there is no way to ever access them. (Unless someone finds the paper wallet in the trash? How likely is that? )

My point in sharing all of this, is to show that people are still very ignorant when it comes to Bitcoin's technology.

Dzwaafu11

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Quote from: Supianto on July 17, 2023, 03:22:32 AM

Some just live from salary to salary and don't know how to exit that circle. And not all of them just dumb or lazy.

Fact, The truth is that a lot of individuals rely on their salaries to cover their needs, and the majority of these people have children. As a result, these people cannot genuinely embrace bitcoin since they face numerous difficulties and may find that their salaries are insufficient to satisfy their demands for an entire month. Since they require other alternatives to suit their needs, these individuals should not, in my opinion, participate in technology at this time. It is not a matter of breaking out of the cycle, though; we cannot expect someone who is struggle to afford food on a daily basis to invest in bitcoin.

Quote from: Outhue on July 17, 2023, 03:19:14 AM

Decentralized cryptocurrency is complicated to millions of people for only one reason, the government is not saying, oh my people, as from today you all should start spending Bitcoin, it's safer and more valuable, they want the hands of the government in Bitcoin before they can fully embrace Bitcoin.

Indeed, because they are accustomed to the fiat currency and the banks that the government has been in control of, these people view bitcoin as something that has lost value or that they cannot use if the government says nothing about it, that it is not legitimate, and that if they do so, they risk losing their money because they believe the government has the power to act at any time.

And once more, a lot of modern business people choose to buy and sell their things using physical currency rather than bitcoin. Some of these people even skipped school, and I think that someone who skips school cannot utilize bitcoin.

yazher

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This world is not created instantly by God himself not because he can't do that but because he is just simply teaching us that not all things can be done in a rush some things take time to be developed or fully created. The crypto industry is also part of the world where it needs to be studied by lots of people to offer their talent wherever it suits them and sometimes they failed to do so because there are already lots of projects that have already done what they wanted to offer and the list goes on. we have not reached the level where bitcoins are accepted in any part of the world so it would be a huge challenge in the future but more easy because the progress is already developing.

Lucius

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Quote from: urbanmerchant on July 17, 2023, 01:40:45 AM

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.

Although I agree that the vast majority of people who have heard about Bitcoin do not understand what this is really about, it is also a fact that most of those who own it do so only for possible profit. Who do you think is the bigger problem? Those who do not understand BTC, or those who know well what it is about, but have never used it as a currency?

Quote from: urbanmerchant on July 17, 2023, 01:40:45 AM

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 think the problem is deeper and goes back a long way when humans became slaves to the system, and today, unfortunately, they have turned into robot slaves who don't really want anything other than a bank card and a 4-digit pin. For such people, Bitcoin is simply unnecessary and too complicated, and they see it exclusively as a way to eventually profit - although most are not ready to invest in the long term because they still suspect that it is some kind of internet fraud that can collapse at any moment.

My advice is not to get frustrated with such things, because humans are truly unique beings who are the only ones on this planet who consciously work against themselves in every possible way they can invent.

Mpamaegbu

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Quote from: urbanmerchant on July 17, 2023, 01:40:45 AM

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?

Yes, I think you're unnecessarily getting worked up. Bitcoin debuted in January 2009 but I got to hear of it for the first time in Dec 2016. That's more than seven years later. It's the same way you OP are getting to register here this year (don't laugh me to scorn if this isn't your first account here) whereas this forum has been in existence for over a decade now. I think people are entitled to their time and pace. Those who aren't in tune with Bitcoin now doesn't mean they won't come around it. In my local parlance, there's a relevant saying to the issue at hand. We say, "when a man wakes from his slumbers is his morning." That's what's happening to those who don't know about Bitcoin. It's not yet their morning.

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