Slow adoption and decentralized nature of bitcoin

witcher_sense

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Quote from: SquallLeonhart on October 24, 2020, 01:52:32 PM

Seriously why would anyone be arguing about this? Who is requiring you to comprehend what Bitcoin and Blockchain is all about before you start using them? Most people here that are making use of Bitcoin doesn’t know the difference between the two (Bitcoin/cryptocurrency and Blockchain) but they are still making use of it and not having any problem.

That is probably the main reason why bitcoin continues to be erroneously treated as an investment asset to gain profit, rather than digital, decentralized money to obtain financial self-sovereignty. Bitcoin gives us a unique ability to make transactions on the internet without having to involve undesirable intermediaries such as banks, and also allows us to prevent our savings from gradual debasement due to disadvantages of a centrally planned economy.

Presently, most people who are advocating for faster adoption of bitcoin merely want their investments to grow faster. But I consider it vital to encourage everyone else to learn about bitcoin and its ideas so that people can comprehend why we all should protect bitcoin and support its decentralized nature and not focus on those profit-seekers.

Profit-seekers should also be interested in protecting bitcoin, because if it is no longer a decentralized currency, it will be immediately shut down by governments and therefore lose its value.

The cure

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Maybe it would be better to gradually learn bitcoin and in fact it is not that easy to learn its twists and turns in just one day, let's not rush and we will also come to this point and let us take the time to shape the minds of many and open their eyes to see the importance of it and how they can change their lives by using crypto. It would be nice to teach them the basic steps on how to use it and when they have tried and use it they will explore and discover everything on their own.

isaac_clarke22

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Quote from: witcher_sense on September 01, 2020, 05:45:01 AM

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We should still need to consider the elephant in the room which is how would those people with no education in basic technology cope up. I agree that learning Bitcoin doesn't mean that we should learn every single characteristic of it such as its technical side. It's like learning how to use a phone but making the learning of its specification mandatory before using it.
However the medium to use Bitcoin is what we should consider first before finding means how to make people adopt and use it.

Fredomago

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Quote from: MCobian on October 25, 2020, 03:11:06 AM

Don't make Bitcoin look complicated in front of ordinary people, this will make people lazy to learn Bitcoin. The problem is that slow
adoption occurs because of the wrong way to educate people, don't explain Bitcoin technology to ordinary people. The most important
thing is make people to think using Bitcoin is as easy as using fiat.

If you really want to bring someone to this industry better to plan your moves, you are correct there's no need to explain how complicated the system was created but instead provide information where interest will take place.

Quote

So just explain how to generate Bitcoin, how to store Bitcoin and
how to spend Bitcoin. Just explain these three things, the rest of the people will understand by themselves, after starting to use Bitcoin.

Those information will be enough for a person who's looking for every chances that he have, learning the basics and try to enhance their knowledge after.

It's really a matter of interest that will bring them in, the more they engaged to this industry
the more they will learn all the features and advantages of this chain.

Wind_FURY

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Quote from: SquallLeonhart on October 24, 2020, 01:52:32 PM

Seriously why would anyone be arguing about this? Who is requiring you to comprehend what Bitcoin and Blockchain is all about before you start using them? Most people here that are making use of Bitcoin doesn’t know the difference between the two (Bitcoin/cryptocurrency and Blockchain) but they are still making use of it and not having any problem.

Even without being taught anything you will already know that it is for transaction, but the fluctuating rate makes people see it as an investment also. And as for simplicity, there are already lots of wallets that are very easy to use, for example Blockchain wallet, BitPay wallet, or you can choose to use digital banks like Xapo wallet and Wirex. So this shouldn’t be any argument. What’s hard in copying address and cross-checking before sending? Most of these wallets now let’s you to send with email.

BUT there will always be many people who will still complain about the high fees and slow transaction times, without knowing WHY fees are sometimes high, and the design decisions made behind it. Good Bitcoin education will fix this.

AniviaBtc

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Quote from: davis196 on September 01, 2020, 05:58:10 AM

People must know how Bitcoin works in order to trust Bitcoin enough to start using it in their daily lives.

But courage is what the people should have, they are not that confident enough in believing that bitcoin can change their lives.

That's the reason why bitcoin has a slow adoption, also that it is not yet in the mainstream can affect its popularity to most of the people who are not that familiar to it.

Maybe, it really lack of promotion and advertisement in the public due to its decentralized nature. They think that is much hassle to own an asset that is away from the authorities and is self-manipulated. But what can we do, if that's the nature of bitcoin, a lowkey cryptocurrency that is really worth it to invest.

MCobian

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Don't make Bitcoin look complicated in front of ordinary people, this will make people lazy to learn Bitcoin. The problem is that slow
adoption occurs because of the wrong way to educate people, don't explain Bitcoin technology to ordinary people. The most important
thing is make people to think using Bitcoin is as easy as using fiat. So just explain how to generate Bitcoin, how to store Bitcoin and
how to spend Bitcoin. Just explain these three things, the rest of the people will understand by themselves, after starting to use Bitcoin.

romero121

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Quote from: BITCOIN4X on October 24, 2020, 02:18:16 PM

Quote from: SquallLeonhart on October 24, 2020, 01:52:32 PM

Seriously why would anyone be arguing about this? Who is requiring you to comprehend what Bitcoin and Blockchain is all about before you start using them? Most people here that are making use of Bitcoin doesn’t know the difference between the two (Bitcoin/cryptocurrency and Blockchain) but they are still making use of it and not having any problem.

I don't think people should learn all the technical stuff about bitcoin, but I just advise people to know how to use it. As long as they can use bitcoin properly, then I don't think there will be any issues to argue about. Just like fiat, people are not obliged to know how money is made, what ingredients are used because as long as they know what money is and what it's used for and they are able to use it properly then I don't think it will be a problem.

In my opinion, they should know the following things even if they don't learn them technically. But for a higher level, user can still learn more thing if they want to know more about bitcoin, how it work, and so on.
1. Choose a wallet and secure your wallet.
2. Earn bitcoin.
3. Spend bitcoin.

That's the fact, here it is all about money that attracts people towards bitcoin and not the technology. What we've got with the technology is big, but that isn't necessary when you stay and think from a common man's mind. Surely the user will learn little by little once after getting strong on the possible ways of earning. First of all if bitcoin hasn't got any relation with money, surely we could've never reached the present level of adoption.

BITCOIN4X

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Quote from: SquallLeonhart on October 24, 2020, 01:52:32 PM

Seriously why would anyone be arguing about this? Who is requiring you to comprehend what Bitcoin and Blockchain is all about before you start using them? Most people here that are making use of Bitcoin doesn’t know the difference between the two (Bitcoin/cryptocurrency and Blockchain) but they are still making use of it and not having any problem.

I don't think people should learn all the technical stuff about bitcoin, but I just advise people to know how to use it. As long as they can use bitcoin properly, then I don't think there will be any issues to argue about. Just like fiat, people are not obliged to know how money is made, what ingredients are used because as long as they know what money is and what it's used for and they are able to use it properly then I don't think it will be a problem.

In my opinion, they should know the following things even if they don't learn them technically. But for a higher level, user can still learn more thing if they want to know more about bitcoin, how it work, and so on.
1. Choose a wallet and secure your wallet.
2. Earn bitcoin.
3. Spend bitcoin.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Seriously why would anyone be arguing about this? Who is requiring you to comprehend what Bitcoin and Blockchain is all about before you start using them? Most people here that are making use of Bitcoin doesn’t know the difference between the two (Bitcoin/cryptocurrency and Blockchain) but they are still making use of it and not having any problem.

Even without being taught anything you will already know that it is for transaction, but the fluctuating rate makes people see it as an investment also. And as for simplicity, there are already lots of wallets that are very easy to use, for example Blockchain wallet, BitPay wallet, or you can choose to use digital banks like Xapo wallet and Wirex. So this shouldn’t be any argument. What’s hard in copying address and cross-checking before sending? Most of these wallets now let’s you to send with email.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

we can't push people to learn.
when they get enough benefits from bitcoin, they will it by themself.
let's support the simplicity of bitcoin. tell them that "bitcoin is money too" and how to receive/send bitcoin.
we don't need to tell them about how it works, what is blockchain, etc.

just like the "sell me this pen/pencil" question.
do you use a pen/pencil? if the answer is no, then don't go for another question. Grin

Xinarae*

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The gradual adoption of the decentralized nature of Bitcoin explains a brilliant illustration this will make bitcoin easier for every trader to learn and gain knowledge about Bitcoin. This will make their transactions easier when trading comes to investing in Bitcoin. Learn the proper use of Bitcoin everything is improving through blockchain technology and the trend of the market is changing so the speed will increase the demand for bitcoin.

Wind_FURY

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I'm late to the topic, and did a quick browse. I agree with OP, that every user should learn how Bitcoin works, and why. Because if every user truly knew, then we wouldn't hear of the usual compaints on "why the fees are high", "why transactions are slow", "why the blockchain is inefficient".

Decentralization, and censorship-resistance are possible at a cost. It is never going to be easy.

CarnagexD

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Quote from: goldade on October 23, 2020, 03:22:09 PM

Quote from: witcher_sense on September 01, 2020, 05:45:01 AM

This post was inspired by tweetstorm https://twitter.com/Beautyon_/status/1179057801706065920

The author of the tweet argues that in order to use bitcoin, people should not be required to know or comprehend theories and technologies on which bitcoin is standing. He claims that for bitcoin to be successfully adopted, it needs to be simplified to such extent when people don't bother to know how it works, why it works, what purposes it was created for, etc.

At first glance, it seems reasonable to make bitcoin more simple, user interfaces more convenient, the cost of onboarding onto bitcoin a bit lower. Undoubtedly, it all will lead to a faster adoption of bitcoin. But.

Bitcoin is digital money. Unlike iPhone or SmartTV (examples from the tweet), it needs to have certain characteristics to be considered so. More importantly, not only does it need to have certain characteristics, these characteristics should be continuously sustained by participants of the network. The more decentralized the network, the easier to keep it robust and valuable. If it were centralized, it woudn't be robust and valuable, it would be shut down already. Decentralization is the key factor.

Now imagine the situation in which bitcoin is being adopted only by uneducated who have no idea how bitcoin works, who don't think too much about decentralization and necessity of sustainability of characteristics, they don't even know why they are using bitcoin instead of fiat! If they don't know what full node is, they will not bother to run one. Decentralization is gone. Bitcoin is gone or less valuable due to decrease of decentralization. Faster adoption is bitcoin's demise.

What should we do?

Should we learn bitcoin or not?
Should we promote simplicity and avoid complexity?
Can bitcoin continue to exist if majority of people don't want to be taught about importance of bitcoin and ideas behind it?

This is an interesting piece. There's a saying that says 'when the purpose of a thing is not known, abuse is inevitable'. If people didn't care to learn or understand what bitcoin is all about, it will become abused in no time. Everyone needs to understand that what makes bitcoin what it is, the major ones which are decentralization, anonymity and transparency.
So to answer your questions?
1. Yes, we should learn bitcoin. Anyone who would count as a user of bitcoin should take time to learn what is what.
2. As much as simplicity should be promoted, it should be done in a way that doesn't neglect the core factors of bitcoin. We should find a way to strike a balance between the two.
3. Yes, I believe bitcoin will exist. It has been existing for more than a decade now with only a tiny percentage of world's population aware of it. So I do not think it will be affected by majority learning or not.

A technological piece like bitciin is bound to birth curiosity among the people who use it whether the creator intended them to or not. So this is utterly useless. We can simply explain it in bite-sized chunks to people but over time, they'll crave for more knowledge about bitcoin as they believe it will cause them great gains, or would allow them to gather more bitcoins in the long run.

goldade

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Quote from: witcher_sense on September 01, 2020, 05:45:01 AM

This post was inspired by tweetstorm https://twitter.com/Beautyon_/status/1179057801706065920

The author of the tweet argues that in order to use bitcoin, people should not be required to know or comprehend theories and technologies on which bitcoin is standing. He claims that for bitcoin to be successfully adopted, it needs to be simplified to such extent when people don't bother to know how it works, why it works, what purposes it was created for, etc.

At first glance, it seems reasonable to make bitcoin more simple, user interfaces more convenient, the cost of onboarding onto bitcoin a bit lower. Undoubtedly, it all will lead to a faster adoption of bitcoin. But.

Bitcoin is digital money. Unlike iPhone or SmartTV (examples from the tweet), it needs to have certain characteristics to be considered so. More importantly, not only does it need to have certain characteristics, these characteristics should be continuously sustained by participants of the network. The more decentralized the network, the easier to keep it robust and valuable. If it were centralized, it woudn't be robust and valuable, it would be shut down already. Decentralization is the key factor.

Now imagine the situation in which bitcoin is being adopted only by uneducated who have no idea how bitcoin works, who don't think too much about decentralization and necessity of sustainability of characteristics, they don't even know why they are using bitcoin instead of fiat! If they don't know what full node is, they will not bother to run one. Decentralization is gone. Bitcoin is gone or less valuable due to decrease of decentralization. Faster adoption is bitcoin's demise.

What should we do?

Should we learn bitcoin or not?
Should we promote simplicity and avoid complexity?
Can bitcoin continue to exist if majority of people don't want to be taught about importance of bitcoin and ideas behind it?

This is an interesting piece. There's a saying that says 'when the purpose of a thing is not known, abuse is inevitable'. If people didn't care to learn or understand what bitcoin is all about, it will become abused in no time. Everyone needs to understand that what makes bitcoin what it is, the major ones which are decentralization, anonymity and transparency.
So to answer your questions?
1. Yes, we should learn bitcoin. Anyone who would count as a user of bitcoin should take time to learn what is what.
2. As much as simplicity should be promoted, it should be done in a way that doesn't neglect the core factors of bitcoin. We should find a way to strike a balance between the two.
3. Yes, I believe bitcoin will exist. It has been existing for more than a decade now with only a tiny percentage of world's population aware of it. So I do not think it will be affected by majority learning or not.

barbara44

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Bitcoin is already made in a way that it will suitable for anyone. The main core is decentralization, but there are Centralized wallets and exchanges that makes everything to be even more simple. Just like we have Coinbase which will allow people to send and receive Bitcoin using their email address instead of the main addresses, although that’s only if both parties are using Coinbase.

Right from, I haven’t seen Bitcoin as something that is complex; just to copy the address of the receiver and then you paste it and send, nothing more, it’s still the same as copying the email address that you’re sending to on PayPal, though it’s advisable that you go through it twice or more to know whether it’s copied correctly or not. It’s all about people being ready for it, there are other payment methods out there, and you can’t expect everyone to be using Bitcoin. It’s all with time.

DanielGrosso

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:)Hello everyone, I think that this topic is a little more trustworthy because you cannot tell a person that you invest in bitcoin that you will earn a lot of money when it is not like that, because if you do not study a little and do research you do not have much knowledge in the market fluctuation and it may be that you may have a hard time at the moment that the cryptocurrency drops its price or as many people who enter the scam platform invest their money and lose it in a very stupid way Cry

, greetings to all, says goodbye @danielgrossoweb Wink

Expecto

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There are still so many people who have misinformation about Bitcoin or even no clue about it. So, I think the adoption being slow now is normal because of this. In time, with the help of educations about Bitcoin and Blockchain, the adoption rate will start increasing faster.

Yatsan

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Quote from: witcher_sense on September 01, 2020, 05:45:01 AM

Should we learn bitcoin or not?
Should we promote simplicity and avoid complexity?
Can bitcoin continue to exist if majority of people don't want to be taught about importance of bitcoin and ideas behind it?

We must of course still learn Bitcoin because better think of it if Bitcoin is being used by uneducated individuals, they would just surely be spending it because of its value unknowingly that they could unlock its more potential if they would know does it works and what are the perks of using it on daily life basis. It is important that aside from pushing through to get into massive adaption is that we must keep in mind that people must get to know Bitcoin very well first before everything else because it won't make any sense having adaption with people that do not certainly know its importance.

We should promote simplicity at first base just to let them understand the basic knowledge about it because if you would get into complexity on first hand, they would surely lose interest on knowing it because they would think it would be really hard for them to understand the nature of Bitcoin. We must put into leveling the knowledge acquired starting from basic going to the complex because they would learn the complexities along their journey on using Bitcoin.

HunyB

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First of All people must have a knowledge of Bitcoin otherwise it is harmful for both crypto holder and that person because he/she doesn't know how bitcoin work. Then price will definitely down. Majority population not consider Bitcoin and they don't have little bit knowledge.We have to spread awareness about this ,this lead to cause of decreased in decentralisation which is not a good sign.

Topic: Slow adoption and decentralized nature of bitcoin (Read 883 times)