Scammers are some of the smartest people around.
It's true; just look at modern banking.
Topic: What is the minimum IQ needed to understand Bitcoin on a basic level? - page 2. (Read 4477 times)
December 03, 2013, 06:25:28 PM
It's true; just look at modern banking.
December 03, 2013, 06:23:43 PM
ITT: people thinking IQ is a comprehensive measure of intelligence.
^thank you
December 03, 2013, 06:04:05 PM
ITT: people thinking IQ is a comprehensive measure of intelligence.
December 03, 2013, 06:01:11 PM
Above average intelligence in Bitcoinland? Hummmm, I don't know. How many people here have fallen for scams like Pirateat40 pulled even with other people screaming at them "it's a scam you fucking idiot"?
People can be academically smart, but socially naive or stupid and make poor decisions etc. I know some pretty slack people who've got degrees.
very true, a while back i've read up on research that proves this, some people with very high IQ 130+ have been found to fail at a basic social level (naivety, poor decisions, not questioning the status quo, etc).
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December 03, 2013, 05:48:09 PM
Scammers are some of the smartest people around.
Some scammers are smarter than some people around them. Fixed.
Scams can be absolute genius, but a lot of scammers are just as stupid and as naive as their victims. These multi-million $ Bitcoins heists and long-cons are not pulled off by plebs. As much as I hate them, they kinda have my respect in some ways.
December 03, 2013, 03:45:02 PM
If one thinks that they can get infected by a computer virus, don't expect them to be able to understand bitcoin.
Bigot.
http://en.wikipedia.org/wiki/Neil_Harbisson
December 03, 2013, 03:44:40 PM
I think anyone with decent cognitive abilities could understand bitcoin. It just takes someone to fully explain it to them. It's not a concept that needs a high level IQ, it's a concept that needs a lot of study (to fully understand how it works). I'd say 99% of the population have the means to be able to learn it.
I've explained it to some people, from my results less than half understood what it is. December 03, 2013, 03:41:38 PM
I think anyone with decent cognitive abilities could understand bitcoin. It just takes someone to fully explain it to them. It's not a concept that needs a high level IQ, it's a concept that needs a lot of study (to fully understand how it works). I'd say 99% of the population have the means to be able to learn it.
December 03, 2013, 03:39:40 PM
I think today the only prerequisite would be to be able to generally use a computer. I'd say if you spend any hours a week on facebook, you can probably figure out how to use bitcoin. That said I wouldn’t recommend someone who isn't fairly technically competent to out much money into bitcoin. Right now it's too easy for the average joe to get scammed or lose his bitcoin.
If one thinks that they can get infected by a computer virus, don't expect them to be able to understand bitcoin. December 03, 2013, 03:37:22 PM
I think today the only prerequisite would be to be able to generally use a computer. I'd say if you spend any hours a week on facebook, you can probably figure out how to use bitcoin. That said I wouldn’t recommend someone who isn't fairly technically competent to out much money into bitcoin. Right now it's too easy for the average joe to get scammed or lose his bitcoin.
December 03, 2013, 03:27:38 PM
There are a few good videos and explanations which should be understandable by almost anyone.
December 03, 2013, 03:27:30 PM
This
Took the words right out of my post.
But actually, this "holier than thou" approach to understanding btc is pointless and masterbatory. There's no point in doing it other than making yourself feel good. Most people don't understand bitcoin not because "their IQ isn't high enough" (which is an outdated and arbitrary way of testing someone's intelligence as it does not take into consideration a number of variables...but I digress) but because they simply do not care enough to take the time to learn it. Yes some of the coding principles are complex for your average kindle user, but you don't have to understand how advanced cryptography works to understand the foundations of bitcoin. It's like saying you need to understand how the paper that the dollar is printed on is made in order to understand paper money.
Above average intelligence in Bitcoinland? Hummmm, I don't know. How many people here have fallen for scams like Pirateat40 pulled even with other people screaming at them "it's a scam you fucking idiot"?
I don't think you need above average intelligence at all but basic computer aptitude helps. Understanding basic coding concepts helps even more. I've met some coders that were one step below Rainman on the IQ scale but they were good with computers just like Rainman could count cards. LOL
I don't think you need above average intelligence at all but basic computer aptitude helps. Understanding basic coding concepts helps even more. I've met some coders that were one step below Rainman on the IQ scale but they were good with computers just like Rainman could count cards. LOL
Took the words right out of my post.
But actually, this "holier than thou" approach to understanding btc is pointless and masterbatory. There's no point in doing it other than making yourself feel good. Most people don't understand bitcoin not because "their IQ isn't high enough" (which is an outdated and arbitrary way of testing someone's intelligence as it does not take into consideration a number of variables...but I digress) but because they simply do not care enough to take the time to learn it. Yes some of the coding principles are complex for your average kindle user, but you don't have to understand how advanced cryptography works to understand the foundations of bitcoin. It's like saying you need to understand how the paper that the dollar is printed on is made in order to understand paper money.
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December 03, 2013, 03:23:36 PM
Above average intelligence in Bitcoinland? Hummmm, I don't know. How many people here have fallen for scams like Pirateat40 pulled even with other people screaming at them "it's a scam you fucking idiot"?
People can be academically smart, but socially naive or stupid and make poor decisions etc. I know some pretty slack people who've got degrees.
December 03, 2013, 03:19:04 PM
Above average intelligence in Bitcoinland? Hummmm, I don't know. How many people here have fallen for scams like Pirateat40 pulled even with other people screaming at them "it's a scam you fucking idiot"?
I don't think you need above average intelligence at all but basic computer aptitude helps. Understanding basic coding concepts helps even more. I've met some coders that were one step below Rainman on the IQ scale but they were good with computers just like Rainman could count cards. LOL
I don't think you need above average intelligence at all but basic computer aptitude helps. Understanding basic coding concepts helps even more. I've met some coders that were one step below Rainman on the IQ scale but they were good with computers just like Rainman could count cards. LOL
December 03, 2013, 02:55:38 PM
People won't care as long as they can use it.
Try and explain the basics of current money system, many do not understand and many will not believe its true it works lhow it does.
Make spending bitcoins easy and people wont ask nor care
December 03, 2013, 08:28:21 AM
huh... 42? 
December 03, 2013, 08:26:30 AM
not to know all the technical details inside out, because few people can do that.
just understand the basic concepts of different parts of the bitcoin system, and how they relate to each other.
what is the minimum iq needed, and what % of world population is below that requirement?
just understand the basic concepts of different parts of the bitcoin system, and how they relate to each other.
what is the minimum iq needed, and what % of world population is below that requirement?
Great question! Definitely "Above average" intelligence is required to understand and appreciate the fundamental value of Bitcoin and Crytography (Early adopters i.e. everyone here to date).
Which means your IQ will have to be at a MINIMUM of:
110–119 IQ
Only 16% of the population are within the "above average" IQ range, the Vast majority of humanity are at much lower levels.
By definition, 50% of people has an IQ at or above 100, which is average.
Not just 16% has above average IQ.
The IQ chart is a normalized probability chart with a standard deviation of either 15 or 16 depending on the test, and an expected value of 100. This means that most people fall within 15 or 16 IQ points measured from 100. (So between 85 and 115 or 84 and 116) 65% of the world population has an IQ within this range. The further you get away from 100, the more rare it becomes. An IQ of 140 is already within the 1% of highest IQs (and often coupled with autism)
An IQ of 110 is common at college/university level and is within the top 25%
119 is within the top 11%
December 03, 2013, 07:55:15 AM
not to know all the technical details inside out, because few people can do that.
just understand the basic concepts of different parts of the bitcoin system, and how they relate to each other.
what is the minimum iq needed, and what % of world population is below that requirement?
just understand the basic concepts of different parts of the bitcoin system, and how they relate to each other.
what is the minimum iq needed, and what % of world population is below that requirement?
Great question! Definitely "Above average" intelligence is required to understand and appreciate the fundamental value of Bitcoin and Crytography (Early adopters i.e. everyone here to date).
Which means your IQ will have to be at a MINIMUM of:
110–119 IQ
Only 16% of the population are within the "above average" IQ range, the Vast majority of humanity are at much lower levels.
you don't need to count to use a calculator
December 03, 2013, 07:51:03 AM
I think the minimum IQ is 102.02103041
You feel me?
You feel me?
December 03, 2013, 07:49:27 AM
not to know all the technical details inside out, because few people can do that.
just understand the basic concepts of different parts of the bitcoin system, and how they relate to each other.
what is the minimum iq needed, and what % of world population is below that requirement?
just understand the basic concepts of different parts of the bitcoin system, and how they relate to each other.
what is the minimum iq needed, and what % of world population is below that requirement?
Great question! Definitely "Above average" intelligence is required to understand and appreciate the fundamental value of Bitcoin and Crytography (Early adopters i.e. everyone here to date).
Which means your IQ will have to be at a MINIMUM of:
110–119 IQ
Only 16% of the population are within the "above average" IQ range, the Vast majority of humanity are at much lower levels.
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