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Topic: Slow adoption and decentralized nature of bitcoin - page 2. (Read 802 times)

hero member
Activity: 2702
Merit: 704
If we truely needs this adoption we speak about then bitcoin needs to up its gàmes. Firstly before I can send fund using the bitcoin blockchain I'll have to memories or copy and paste some alphanumerical codes as my sending address. You don't expect that to compete with just using of bare words or number like how the fiat does. We need bitcoin address in the form of username that any one can easily remember, that alone will push for more individuals to buy into the idea of using bitcoin.

Also we still have to understand that for any individual to be able to used bitcoin, he/she has to know how to operate the mobile phone/laptop effortlessly if not they stand the chances making a mistake that might cause then their funds.
That should not be too difficult to implement, what you are proposing is similar to the evolution of talking over the phone that has happened over the years, at the beginning if you wanted to call someone you needed to remember their phone number but with the advent of intelligent phones now you have the phones numbers of friends and services that you need recorded and you can call them with just a few clicks.

What you are proposing is very similar to that and quite honestly I do not see such a big problem implementing it and it could work like this, after you make your first transaction to a new address your wallet could ask you to add this to your list of addresses, if you want to do this you accept and you could name it in whatever way you want and now you can use that address in a very convenient way.
sr. member
Activity: 952
Merit: 308
My idea is that a large portion of Bitcoin users do not know how Bitcoin works. These are far from why Bitcoin works, what purpose it was created for, most of our Bitcoin users do not have time to worry about. That's why I totally agree with him that Bitcoin needs to be made easier for the general public. So that people can easily understand and know about bitcoin. For Bitcoin to be successfully accepted around the world, it needs to be done.
sr. member
Activity: 1092
Merit: 254
People must know how Bitcoin works in order to trust Bitcoin enough to start using it in their daily lives.
Would you ever invest your hard earned money into a project that has a vague and obscure business model and goals?I don't think so.With more transparency comes more trust.The "average Joe" isn't obligated to know absolutely everything about blockchain technology,cryptography,etc.He should be familiar with the basic fundamentals of Bitcoin.I truly believe that the fundamentals of Bitcoin are simple enough to be easily explained to uneducated people.

In my opinion lots of people, let's be honest, when Bitcoin has just appeared even did not have any clear idea what the exact business model and goals it had or will have. And even nowadays there is a high percentage of people who buy BTC only because his more successful friend did, without even any trying to read mote in deep information about BTC, it's idea and so on. And it is not because these people are less clever than others are. It is just because they even do not try to do this. They see the example of friend that invested some years ago in BTC and got high profit. But of course I am agree that it would be better to give people more knowledge about Bitcoin and crypto, even uneducated people sometimes are more wise than people with lots of universities degrees))) But I think that the person who wants to learn more in deep, he just does it and that is all. Thanks to the Internet, there are so many resources where you can find a huge doze of information about BTC and crypto)))
sr. member
Activity: 952
Merit: 308
One thing is very clear here that people are investing in Bitcoin in their hard earned money. The reason for this is to be rich in a short time even if everyone knows. But there is no denying that people know very little about it. People are investing there without knowing much because they are seeing a lot of profit inside. So I totally agree that Bitcoin users need to know a lot more about Bitcoin and have a better knowledge of Bitcoin.
full member
Activity: 1358
Merit: 134
★Bitvest.io★ Play Plinko or Invest!
Still, it depends on you if you want to learn with the use of the bitcoin but still this is the most common thing right now some of the people use this as a way of transaction like sending of funds and making an investment.

At the first place, I don't really have enough knowledge regarding on this coin and the blockchain how it works by just getting curious and reading a lot of kinds of stuff related on it the same with the help of the forum it gives a lot of ideas and information so I try now spreading the use and the benefits of the bitcoin on our place but still some of them are already called as the baby boomers or afraid to makes a change but still, I want to push it so I teach to the aame age with me so we have to gather information easily what is the best way to earn.
hero member
Activity: 3038
Merit: 647
There is already some courses that help people understand more about Bitcoin and its brilliant technology. I think it should be taught in the schools to make more people learn Bitcoin in a correct way. As long as people continue ignoring to get Bitcoin correctly and we do nothing about it, the adoption will continue to be slow.
Some members here are actually started to teach this in school but I'm not sure how effective it was since it needs more on applications rather technicalities. The process is the thing that we need to explore and make use of Bitcoin in different areas. And as what you've said, people continue to ignore people because they don't like Bitcoin may be and they don't want to open up their mind.

Close-minded individuals ain't deserve to teach, not even have the interest, and teaching thems is only a waste of our precious time. Adopting crypto is gonna be optional and we're not urged to do it.
member
Activity: 1022
Merit: 10
There is already some courses that help people understand more about Bitcoin and its brilliant technology. I think it should be taught in the schools to make more people learn Bitcoin in a correct way. As long as people continue ignoring to get Bitcoin correctly and we do nothing about it, the adoption will continue to be slow.
hero member
Activity: 2590
Merit: 644
The tweetstorm was actually right in the aspect that crypto need to be  made easy and shouldnt require people to study or understanding it scheme before using it because this was what stop 75% of all my friend from joining crypto and it will also make it hard for uneducated people so if we want Bitcoin to be totally adopt and become mainstream of payment it have to be so simple to use.

Agreed with Posi. Simplicity of use would be one part of story, the other one is safety. If we have large number of scams or stolen coins, then, I dont think that it will be able to gain larger scale of use
^ But the fact is this, we have continued increasing scam victims especially scam exchange fro hackers. All of these had a miscredit to the bitcoin reputation and those who had heard will become negative to the bitcoin and did not adopt it. Those victims are don't really know how bitcoin works and what bitcoin is. It is very techy to teach and probably it will take days or weeks before they will understand the decentralized nature of bitcoin. Slow adoption will surely have if we continue like this, scam here, and scam there, they were heard news like this.
hero member
Activity: 2184
Merit: 585
You own the pen
It is very important that people know how Bitcoin works, this can make Bitcoin adoption faster. Because by knowing
how Bitcoin works, can increase trust in Bitcoin. If the amount of people's trust in Bitcoin increases, of course it will
be easier for Bitcoin to be accepted globally by everyone.

Yeah if we could try our best to let everyone knows about the importance of bitcoin to our economy, we would have made the price higher than today. because doing those things required some knowledge and patience. Just like in the war, we are at war with scammers when doing those things. Thieves and Crooks are also doing their part to dirty the name of cryptocurrecies and this is one of the reason why our progress is so slow to to become adopted by every nation in the world. nevertheless, we still have some slow progress which is good to current progress.

https://en.bitcoinwiki.org/wiki/Bitcoin_history
newbie
Activity: 6
Merit: 0
The tweetstorm was actually right in the aspect that crypto need to be  made easy and shouldnt require people to study or understanding it scheme before using it because this was what stop 75% of all my friend from joining crypto and it will also make it hard for uneducated people so if we want Bitcoin to be totally adopt and become mainstream of payment it have to be so simple to use.

Agreed with Posi. Simplicity of use would be one part of story, the other one is safety. If we have large number of scams or stolen coins, then, I dont think that it will be able to gain larger scale of use
legendary
Activity: 2310
Merit: 4313
🔐BitcoinMessage.Tools🔑
<...>

- thousands of people use FIAT but never bothered to know how FIAT is made

<…>
There is a good reason for this, we never taught money in school!

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford

Bitcoin fixes this! It is first digital money that is completely decentralized, uncensorable and free from central bank manipulations. But it comes with some costs, people should maintain decentralization of bitcoin, keep it distributed, make sure there is no single point of failure. Bitcoin was created to return the power over money back to common people, to separate money from state. With bitcoin one can transact absolutely freely, without having to ask for permission, like it had always been before demise of gold standard. People don't know history of money and have never lived during free market of money either, and bitcoin is able to give them that feeling  and then they will suddenly realize that they were always under control of banks and it was a bad time. People will adopt bitcoin faster if they are able to realize that bitcoin makes their lives better and freer, that requires learning, you can't realize anything if you're bad at learning.
legendary
Activity: 2688
Merit: 1208
Once a man, twice a child!
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.
I go with the tweethandle, tweetstorm on this, and that's saying yes to your second option in the closing questions. The complexity and workings of Bitcoin aren't necessary in using it. Even a lot of those who think we should master the workings of Bitcoin before using it will not know jack of how fiat runs or is minted, yet they make use of it.


In the case of bitcoin, it is really hard for normal people to use it as a medium of exchange.
Supposedly, as implied in your comment, those of us here who use Bitcoin as a medium of exchange aren't NORMAL?
sr. member
Activity: 966
Merit: 260
Bitcoin has lost its identity, the user only use bitcoin for an income purpose no more than that. They didn't know how to use bitcoin based on its characteristic, they only use bitcoin because there are a lot of people who got rich already in an instant why. Like a few days ago, there is an information who stated that the major company only put their money to support some tool to earn bitcoin like NVIDIA and etc. They didn't interested to accept bitcoin because they still have money to make a transaction or sending money. So, this is pointed out that we just bitcoin to earn money no more than that, I agree if we should have to learn all the thing about bitcoin.

That's the main target of the people since if they didn't go here for profits then what is the use of engaging with bitcoins? For design? or for you not get outdated on the latest technology? The reason why many company didn't accept bitcoin on their payment option is due to volatility,bitcoin is not stable and might they will get bankrupt once the price get dump. Remember there's no always glory days on bitcoin and companies want stability that can sustain their company for long run and bitcoin cannot provide that for now.

I agree there are many obstacles to adoption and these do differ from individual to large corporations. At the individual level I do favour simplicity but at the same time I don't agree that no basics about how BTC or crypto in general works should be skipped. Here it is super important to have people understand the risks associated with this digital currency and put these into perspective.

On the other hand, large corporations would need a much higher understanding of the system, how it works and why the volatility is so high. And in this case, even fully understanding these risks I fail to see many implementing BTC as payment since this would be a long-term financial decision and BTC or similar digital currencies cannot yet provide the level of security required for this type of immersion.
legendary
Activity: 2758
Merit: 1228
Bitcoin has lost its identity, the user only use bitcoin for an income purpose no more than that. They didn't know how to use bitcoin based on its characteristic, they only use bitcoin because there are a lot of people who got rich already in an instant why. Like a few days ago, there is an information who stated that the major company only put their money to support some tool to earn bitcoin like NVIDIA and etc. They didn't interested to accept bitcoin because they still have money to make a transaction or sending money. So, this is pointed out that we just bitcoin to earn money no more than that, I agree if we should have to learn all the thing about bitcoin.

That's the main target of the people since if they didn't go here for profits then what is the use of engaging with bitcoins? For design? or for you not get outdated on the latest technology? The reason why many company didn't accept bitcoin on their payment option is due to volatility,bitcoin is not stable and might they will get bankrupt once the price get dump. Remember there's no always glory days on bitcoin and companies want stability that can sustain their company for long run and bitcoin cannot provide that for now.
legendary
Activity: 2968
Merit: 1095
Leading Crypto Sports Betting & Casino Platform
Should we learn bitcoin or not?

Think about the following:

- Thousands of people buy cars and use cars, but they don't know how cars are made and they don't know the basics of mechanics, but cars are adopted en masse!

- - Thousands of people buy cell phones and use cell phones, but do not know how cell phones are made or how cell phone operating systems and programs are created, but cell phones are adopted en masse and have never stopped being manufactured.

- thousands of people use FIAT but never bothered to know how FIAT is made

with bitcoin it would not be different, what matters is that everything is simplified for everyone to use, anyone who likes to want to learn technical things will then learn technical things, but you cannot force people to learn technical things because at that time nobody will want to use bitcoin


Should we promote simplicity and avoid complexity?

yes
newbie
Activity: 14
Merit: 0
In the case of bitcoin, it is really hard for normal people to use it as a medium of exchange. Right now we can consider it as a store of value like gold. And because the decentralized nature of bitcoin its not that fast enough to be used like fiat.
full member
Activity: 434
Merit: 100
Bitcoin interfaces are simple enough already, its much easier than register new bank account or to do swift payment. People just dont want to use it because
a) not every merchant accept it
b) fiat is enough for them
We need to solve at least a) to make adoption wider
full member
Activity: 1330
Merit: 147
Bitcoin has lost its identity, the user only use bitcoin for an income purpose no more than that. They didn't know how to use bitcoin based on its characteristic, they only use bitcoin because there are a lot of people who got rich already in an instant why. Like a few days ago, there is an information who stated that the major company only put their money to support some tool to earn bitcoin like NVIDIA and etc. They didn't interested to accept bitcoin because they still have money to make a transaction or sending money. So, this is pointed out that we just bitcoin to earn money no more than that, I agree if we should have to learn all the thing about bitcoin.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
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.
For a massive adoption it is true that it needs simplification. During the initial phase of BTCitcoin it was a big task to get a simple BTCitcoin address and you need to download Bitcoin-Qt wallet and sync everything and now we have all simplified versions of wallets which enables everyone to use without much complication.
Many people does not care about the technical stuff rather everyone is eyed on the valuation and if you really want to attract new users around the globe you need to have a much lower transaction charge as the current charges are around their daily wages in third world countries.

Can bitcoin continue to exist if majority of people don't want to be taught about importance of bitcoin and ideas behind it?
As per the world bank data 10% of the world population live under $1.90 a day, for them they do not care about the importance of BTCitcoin but worried about how they make a meal for their family. Many view BTCitcoin as a capitalist tool which is a good thing but the majority does not belong in that category  Wink.
legendary
Activity: 2240
Merit: 4133
eXch.cx - Automatic crypto Swap Exchange.
If we truely needs this adoption we speak about then bitcoin needs to up its gàmes. Firstly before I can send fund using the bitcoin blockchain I'll have to memories or copy and paste some alphanumerical codes as my sending address. You don't expect that to compete with just using of bare words or number like how the fiat does. We need bitcoin address in the form of username that any one can easily remember, that alone will push for more individuals to buy into the idea of using bitcoin.

Also we still have to understand that for any individual to be able to used bitcoin, he/she has to know how to operate the mobile phone/laptop effortlessly if not they stand the chances making a mistake that might cause then their funds.
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