Rather than re-educating people on a new system of money...

medUSA

legendary

Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

Quote from: thinkloop on March 30, 2014, 06:10:58 PM

full article: http://posts.thinkloop.com/bitcoin_should_be_abstracted_away_from_day_to_day_use/index.html

I agree that bitcoin is not best for "everyday use" as in buying groceries or pickup a magazine, and it would help mass adoption if there are "front-end" payment systems similar to credit cards to handle "everyday" transactions. Though, I would not like to see bitcoin completely becoming a "back-end" settlement platform among banks and clearing houses, fenced off from the public.

zolace

sr. member

Activity: 364

Merit: 250

I watched the video from bitcoin.com and then I showed others, that video makes it easy to understand the basic parts of bitcoin and sums it up for people that are not much into technology to actually understand how it works.

BitOnyx

member

Activity: 112

Merit: 10

Cryptocurrencies Exchange

It is hard to not re-educate when they ask questions.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: thinkloop on March 31, 2014, 02:08:29 AM

Quote from: counter on March 31, 2014, 12:32:49 AM

I can't for the life of me understand how educating someone about bitcoin could ever be a bad thing. I guess I'll have to reread this thread over because I"m not getting it at all.

I am arguing that people have historically rejected managing much simpler items of value. We will not be able to stand against their will. We must adapt and focus efforts on abstracting Bitcoin away from them as much as possible.

That's when the Banks will take advantage of the situation, I think....

thinkloop

newbie

Activity: 41

Merit: 0

Quote from: counter on March 31, 2014, 12:32:49 AM

I can't for the life of me understand how educating someone about bitcoin could ever be a bad thing. I guess I'll have to reread this thread over because I"m not getting it at all.

I am arguing that people have historically rejected managing much simpler items of value. We will not be able to stand against their will. We must adapt and focus efforts on abstracting Bitcoin away from them as much as possible.

NGNBoone

newbie

Activity: 2

Merit: 0

He seems to be saying that Bitcoin is still too complicated for the average consumer to be mass-adopted. He's doubting Bitcoin's usefulness as a typical currency and sees it being relegated to the backend, although I'm not entirely sure how.

Maybe the name 'Bitcoin' has put blinders on people, forcing them to relate it to traditional money. In reality, having Bitcoins means having power over the ledger. There's a number of transactions you're entitled to by having 1 BTC (limited because transactions can only be so small). Maybe there's utility to be found in being able to prove that information was transmitted at a certain moment in the blockchain, unrelated to the actual transfer of coins (perhaps using the block's comment section). Perhaps that can be used by companies that interface with consumers.

What that would look like I don't know.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

I can't for the life of me understand how educating someone about bitcoin could ever be a bad thing. I guess I'll have to reread this thread over because I"m not getting it at all.

Nagle

legendary

Activity: 1204

Merit: 1002

Quote from: stokecrypto on March 30, 2014, 10:53:40 PM

for bitcoin to grow people must be edjucated.

Duh.

Yes, for Bitcoin to grow, more ~~suckers~~ users must be recruited. This thing is zero-sum, remember.

~Coinseeker~

newbie

Activity: 56

Merit: 0

Seriously one of the worst suggestions I've ever read here. Education is key. I respect people not feeling obligated to do so, but I think it's crucial and am working on solutions with education in mind, regardless.

https://aworldofcurrency.com/

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: thinkloop on March 31, 2014, 12:00:54 AM

Quote from: Bit_Happy on March 30, 2014, 11:27:19 PM

Quote from: thinkloop on March 30, 2014, 06:10:58 PM

... and focus our efforts on hiding Bitcoin from view: http://posts.thinkloop.com/stop_teaching_people_about_bitcoin/index.html

Better if you quote something from the article.

Right again. Updated, and thank you.

You are welcome

thinkloop

newbie

Activity: 41

Merit: 0

Quote from: Bit_Happy on March 30, 2014, 11:27:19 PM

Quote from: thinkloop on March 30, 2014, 06:10:58 PM

... and focus our efforts on hiding Bitcoin from view: http://posts.thinkloop.com/stop_teaching_people_about_bitcoin/index.html

Better if you quote something from the article.

Right again. Updated, and thank you.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: thinkloop on March 30, 2014, 06:10:58 PM

... and focus our efforts on hiding Bitcoin from view: http://posts.thinkloop.com/stop_teaching_people_about_bitcoin/index.html

Better if you quote something from the article.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: thinkloop on March 30, 2014, 11:14:54 PM

Quote from: Swordsoffreedom on March 30, 2014, 11:04:09 PM

Still feels like an odd title

I agree, I changed it.

That seems like a clearer point and thanks

thinkloop

newbie

Activity: 41

Merit: 0

Quote from: Swordsoffreedom on March 30, 2014, 11:04:09 PM

Still feels like an odd title

I agree, I changed it.

JayRobo

newbie

Activity: 54

Merit: 0

Teaching them make them buy bitcoins. And when they buy bitcoins, prices go up! Cheesy

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Knowledge is power but I guess in relation to the op post leveraging it seems like an interesting enough idea

The focus will shift from trying to educate the population about paper wallets, private keys, and live CDs, to completely abstracting Bitcoin away from daily life. The majority of transactions will happen off blockchain between users' private accounts, with only sophisticated institutions trading real Bitcoin on the blockchain. Consumers will not have to manage, secure, transact, or otherwise interact with Bitcoin at all, leaving all the dirty work to the professionals.

One of the best things that could happen to Bitcoin, would be for existing institutions to leverage their current infrastructures to use with it.

That was pretty much discussion of the building of the bitcoin chain.

Still feels like an odd title

justusranvier

legendary

Activity: 1400

Merit: 1013

http://www.youtube.com/watch?v=i2lmFCqbJcI

stokecrypto

full member

Activity: 154

Merit: 100

the only reason you would want to sheild people from bitcoin is because of personal greed. for bitcoin to grow people must be edjucated.

waldox

sr. member

Activity: 252

Merit: 250

im so passionate about bitcoin

i cant help talk about it with my friends and new people i meet

thinkloop

newbie

Activity: 41

Merit: 0

...we should focus on abstracting Bitcoin away.

Throughout history people have outsourced the responsibility of managing their wealth with much simpler assets.

"The consumer-facing financial system is soft and forgiving and fine-tuned for the consumer."

"Real assets, like cash, bonds, property, gold, etc., are only exchanged through the backhaul, in aggregate, between institutions, to settle the net difference of all their accounts."

"There will be the same banks and credit cards and chargebacks that have been perfected for generations, but they will be denominated in Bitcoin. The focus will shift from trying to educate the population about paper wallets, private keys, and live CDs, to completely abstracting Bitcoin away from daily life. The majority of transactions will happen off blockchain between users' private accounts, with only sophisticated institutions trading real Bitcoin on the blockchain. Consumers will not have to manage, secure, transact, or otherwise interact with Bitcoin at all, leaving all the dirty work to the professionals."

full article: http://posts.thinkloop.com/bitcoin_should_be_abstracted_away_from_day_to_day_use/index.html

Topic: Rather than re-educating people on a new system of money... (Read 1167 times)