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Title: Crypto for the illiterate. Post by: Thenoticer on October 24, 2016, 11:45:09 PM Let's pick on Detroit, which has a population of 700,000. There are nearly 350,000 people who are illiterate.
http://theeconomiccollapseblog.com/archives/25-facts-about-the-fall-of-detroit-that-will-leave-you-shaking-your-head Quote An astounding 47 percent of the residents of the city of Detroit are functionally illiterate Crypto in it's current form is obviously not a solution for these people. Cash is. If you want the 'Detroits' of the world to use crypto it will need to be a physical, off blockchain, method. Maybe even employ a zero knowledge proof physical token. Title: Re: Crypto for the illiterate. Post by: DecentralizeEconomics on October 25, 2016, 05:41:43 AM I got news for you OP... 75% of the American population is functionally illiterate. Detroit is looking up!
Title: Re: Crypto for the illiterate. Post by: Hazard on October 26, 2016, 02:50:09 PM No one ever claimed bitcoin was going to replace cash. No one realistic, anyway.
Title: Re: Crypto for the illiterate. Post by: erikalui on October 26, 2016, 03:04:10 PM Even illiterate people know how to operate laptops and mobiles and hence crypto can be used by them too. You don't need to be an expert in technology as even having the basic knowledge of how to own a crypto wallet and transferring coins can be suffice.
Title: Re: Crypto for the illiterate. Post by: Greenenergy on October 26, 2016, 03:14:17 PM Illetrate people are very poor people. I don't think they will be very benefical to Bitcoin. Thus, that's not the population to target. They will eventually join by themselves.
Title: Re: Crypto for the illiterate. Post by: Daffadile on October 26, 2016, 05:05:40 PM I got news for you OP... 75% of the American population is functionally illiterate. Detroit is looking up! Lol this killed me. You damn right !! I really hope a flood or some horrible natural disaster wipes them out. Even illiterate people know how to operate laptops and mobiles and hence crypto can be used by them too. You don't need to be an expert in technology as even having the basic knowledge of how to own a crypto wallet and transferring coins can be suffice. I don't think so.... |