Bitcoin Forum

I just watched a video on my social media about guys running a social experiment about Bitcoin in their country (USA), and they questioned strangers that they chose, this "Would you rather have 1 Bitcoin or 1 dollar?" and almost all of the people they questioned chose 1 dollar. Only 1 person in all the person they interviewed chose 1 bitcoin. This just proves that there still a lot of us who don't have a clue about digital currency. If I would do this in my country, I'm sure that no one will choose bitcoin over our local currency. What about in your country if you run this social experiment?

Nice experiment or shall i say interviews. Now, this is just showing us that even if people within the Bitcoin community (including you and me, my dear) considered Bitcoin and the whole cryptocurrency to be very popular, there are still so many out there in the 'real' or offline world which have not hear or comprehend much about Bitcoin, its story, its rise and its surging value.

This means that Bitcoin has not really reached the mainstream population even if the mainstream media has already made a good coverage of cryptocurrency be they positive or negative news. Hopefully, with the recent surge and that of good coverage on the CME's futures offering, Bitcoin can edged upwards in the people's consciousness.

That was frustrating. If I knew that segment and let me choose between bitcoin and 1 usd. Even if it was just .01bitcoin I will still choose bitcoin against usd.

This just proves that Bitcoin has much more room to grow.
Imagine if everyone knew what Bitcoin is and what makes it so great. The price would skyrocket.
It's happening, but slowly. A couple of years ago that social experiment most likely wouldn't have anyone saying they'd prefer 1 Bitcoin.

In my country people vaguely know that Bitcoin is a very valuable digital currency so that social experiment would be very different.

Not exactly a normal poll or study.  Even though a lot of people may have said a dollar, they could easily edit it to show almost everyone saying that if it's just a YouTube video.

Personally, instead of trying to make my point this way, I would ask people three questions:

1. Do you know what the value of 1 BTC is?
2. Do you believe that the value of BTC is justified?
2. Are you aware of how to buy and sell BTC?

Which would result in a similar understanding of the general public's knowledge about BTC, without the sensationalism.

I think that's a good experiment to know if people know what bitcoin is. If ever we try this experiment here in our country, i think that most of the people here will say that bitcoin is a scam. Many people here lacks knowledge too when it comes to digital currency. So they'll end up choosing our countries currency. Bitcoin is once featured in one of the shows in the television here in our country and they don't give a good feedback about bitcoin but the good thing is there are group of people that offers a lecture about bitcoin for free.

Woah a dollar vs a bitcoin and cant believe so many people just chose dollar and rejected something worth 7000 dollar. This means we a re still a lot behind our goal of total decentralized economy. When people dont even know about bitcoin and its value how can you expect them to know details about blockchain and other things.

This experiment do really proves out that lots of people aren't still able to know or do have awareness about bitcoins existence and for those people who do have knowledge about it will sure to choose bitcoin rather than on $1 because they do know the actual price or recent price of bitcoin as of now which is $7k and if those persons do know the actual price for sure they would really changed their minds.

That's surprising. And that too for USA. I can agree that many people that I know don't have much idea about bitcoin let alone other popular alt coins.

BTW: can you share some details about this video? link, source etc

Most probably the situation is the same in my country. And it makes me very happy. Because it shows that bitcoin price will rise very much more as there are still many people don't know what bitcoin is. A day all of them will know bitcoin and that high demand can make us very reach.

Totally agree with you.

Rather than giving people the option of choosing one currency or another, is better to teach them about cryptocoins in the way you're proposing...

I might do this in my country...

Most people in my country never heard about Bitcoin so probably they don't know the value of that cryptocurrency. Thats why they would choose one dollar.

Interesting survey data in the US. This is for that. that according to previous polls in the US they are quite well informed about bitcoin in comparison with other countries. For example, in Russia and China, over 80 percent of the bitcoins and crypto-currencies have not been heard at all. Yes, the bitcoins still have huge reserves.

Oh! and I forgot to mention that when they asked the question about what would they choose, and the person they are interviewing answered "a dollar", they would literally give a dollar. Then they will now try to explain and tell them "do you know what bitcoin is worth now?" and sometimes they just say after giving a dollar that "Bitcoin cost "$4000" right now and the people be like. Woah really? are you serious?.

This just clearly shows that we have a long way to go for the mass adoption of Bitcoin. If I would be doing this social experiment in my country and let them choose between 1 bitcoin or 1 thousand pesos, I'm pretty sure that the people I'm asking would definitely choose the thousand pesos! no questions asked.

Nice experiment. I`ll try to repeat it in Russia

so its mean there are only few person that know crypto currency especially with bitcoin and i think if in future they know bitcoin and learn bitcoin, they will regret it. maybe its because there are no news or bitcoin is not spreads in that city or country so people don't know about bitcoin or crypto currency and i think its our chance to introduce crypto currency world to them so they can join with us. i think in my country, the situations is like yours but i am not yet makes social experiment like you and maybe me and my friends will makes questioned like what you did.

Not surprising in the slightest. We're too far gone to know how it's perceived in the rest of the world. There was a similar thing done with a gold coin.

https://www.youtube.com/watch?v=BgUxF7gvYeE

Snickers or 1/10th of an ounce of gold.

Most people never encounter gold in a monetary sense in their whole lives. Same goes for BTC. Most people never, ever question what money is. My attitude leans towards - fuck 'em.

Of course that is because we know bitcoin by heart. Anyway, this one is a great expriment that shows how unaware people are on bitcoin. If it will be asked in my country, most will choose a dollar over bitcoin, plus you will be accused of doing a scam due to a lot of news of bitcoin related to scam here.

very interesting, I would try such a poll in my city ::)

This just shows how far away we are from going mainstream, and price jump. Which looks really good IMHO. There is a lot of time for price to grow and accommodate to current people needs(somehow i feel fuzzy and warm just thinking this :D)

1 Out of how many? Can you give as the exact # of people who have chosen 1$ instead of Bitcoin? Maybe the social experiment ran into a small group where they unluckily have picked many people who have know knowledge about Bitcoin whatsoever. This kinds of social experiments is not a good one as it only shows how they don't know something about Bitcoin, it would be wise if they explained what Bitcoin is before making them choose as obviously they will picked up the higher valued asset.

If we happen to cross each other on the street and will ask me, you already know my answer.  :D

Yes most people in our country knew bitcoin as medium for scam and illegal activities. Why, its because of media deceiving people's view. They really suck.

Do you have a link for this? I want to watch it.

Either way, this just highlights the fact that we're ridiculously far from mass adoption. Bitcoin is gaining momentum, but it's very slow. For people asking why Bitcoin isn't being adopted by commercial giants like Amazon, this is your answer. It only seems like Bitcoin is already widespread for us because we're within the circle. The average joe probably will have heard of it, but will pay it no mind. We have a long way to go.

some people will not choose something that strange to them, if they don't know yet about digital currency. their answer must be their local currency, so do i if i don't know about digital currency i will give same answer

When we conduct this kind of social experiment on our country, im sure there are a lot of people choosing 1 bitcoin over 1 dollar. In fact, a bitcoin documentary is aired for about 3 weeks ago on a local television because of its popularity.

nice topic, yeah some of the other country are not yet known about this bitcoin so if they ask if what they will choose 1 dollar or 1 bitcoin, of course they would choose 1 dollar because they didnt know yet this so called bitcoin, but if this social experiment is will try/run in my country, they will choose bitcoin, because 60% of our population are knows/related in bitcoin world, and totally have a high demand of this bitcoin in my country.

If I remember it correctly, I think it is about 9 person in total. It's just a 10-minute long video and it took some time when they interviewed 3 of the 9 people because they got interested in hearing what bitcoin is worth that time. They asked so many questions and the guys conducting the social experiment answered them easily. Also, they did not just run into a small group, they interviewed only one person at a time.

That is actually a great idea to promote Bitcoin. First you ask everyone what would they like to have, and then afterwards you just tell them what it the current value of one bitcoin.
It will surely make them visit google and find out more about bitcoin.
Must be done quite often, till you get 90% of the people saying they'd like to have a bitcoin and not a thousand dollars.

I just watched it on YouTube and if that is the same clip what the OP is referring to, you have to search it with this title "Would you rather have one Bitcoin or one Dollar?". The group who made that social experiment is called Major League Crypto. They made the experiment in the street of downtown Chicago, after the challenge question is made, they educated the person about bitcoin.

I think in my country it would be the same too. Very few people know about bitcoin and cryptocurrency in general. They are not only anaware but also sceptical when you try to explain to them what digital money really is. Still nice experiment/poll. I am curious if this interview happens again in a few years will the results be the same?

What has everyone commenting in this post done to raise awareness of Bitcoin?

I've given Bitcoin and other cryptos to other people along with a description. I certainly didn't wait around for them to say yes or no. They got some whether they liked it or not.

I will choose even if its just 0.001 BTC which costs around $7.5 today.This experiment reveals that even in most developed countries like USA,still there are more people who don't know about bitcoin.We could just imagine that if bitcoin network just gets flooded with these people too,then bitcoin demand would be very high and bitcoin price would be skyrocketing.

Probably the $ 1 they choose because they do not know what Bitcoins are. But because it's a test to find out how many people they asked to know the bitcoins. What happened was 100% - only 1% of people are in trouble. If I also ask for such social expirement then no one will choose 1 Bitcoin. Because I think my countrymen have no idea what's happening in the world of crypto...

And he gave him the bitcoin or not? :D

That is a really interesting experiment.
I suppose it would have the same result in almost every other country in the world.
I think what we can learn most of that is how little people still know about bitcoin. Maybe they have heared the term, but they have no clue how much value there is in one bitcoin.
When you keep in mind how high the price for one bitcoin already is today although most people are clueless about it, you can get an idea of how much bitcoin can still grow.

If I will be doing something like social experiment here in my country and most especially here in my location I think it would be the same regardless of my friends, family and relatives where I have already convinced about Bitcoin before. Majority of people living here don't know about Bitcoin and the teller in our local  remittance center don't even know about it. But just recently Bitcoin has been aired on our local televisions about it's legality and how the central bank implemented their regulations and warn people of possible fraud and scams. I know that the news gives positive impact on the massive viewers about Bitcoin and we will expect our Bitcoin community here becoming bigger day by day. I hope that one day Bitcoin will dominate not only in my village but also in the whole country.

if that experiment was conducted in my country 99.9% would not know what Bitcoin is. but i am happy for the state of affairs. it means that it will grow and those who will have positioned themselves well will benefit a lot in the near future

If I'm the one being ask in that situation lets say that I don't know a fact in bitcoin i will choose bitcoin why? because dollar can be really accepted else where my mind will really look for something that is new and flexible to be use anywhere and anytime

When that's the scenario in USA, think of the same in rest of the world countries. Even that one person too wouldn't have idea about cryptocurrency and the existence of bitcoin. Maybe China and few of the Asian country people might have known much about bitcoin. This will change as the usage is getting widened.

If you'll just read the OP very carefully and understand it well, I think you can answer your question by yourself. It is stated in my post that almost all the people they interviewed chose 1 dollar rather than 1 bitcoin. To add more to this, some of them didn't even bothered to ask what bitcoin is and regret choosing a dllar later on when the guys explained to them what bitcoin is.

I just did it a few days ago with my friend. I asked him, do you know bitcoin? he replied didn't know anything about it. Then I tell him that bitcoin prices now exceed the local currency. When I told him about the price via Internet, he was stunned. And start to learn and invest in bitcoin.  ;D

It's not relevant because he/she asked people who are not aware of Bitcoin. You can ask for anyone what he prefers between 1 dollar or XYZ, as he/she doesn't know XYZ he/she will choose a dollar, naturally...
If you tell to people what is Bitcoin and its value, nobody will prefer $1 instead of $7000.

Still there are many countries where biotcoin or digital currencies are not familair, but hope so in few years bitcoin will be familiar to every country and will be accepted as a direct payment method.

The answer is no one choose Bitcoin certainly. Because people always scared of which is illegal. They afraid lose your money, they have to take care family, their children,...

But it's relevant to find out how aware are people on the streets about Bitcoins... If people were educated about this important subject they would know 1 Bitcoin = $7000. It's a golden chance most people are losing because their minds are only connected to worthless ephemeral things.

True, I believe bitcoin's growth is just starting and its price is just half or maybe less than what its potential can achieve.

This is a very interesting idea with this experiment. It would be nice to carry that in real life, I am curious about the results of such an experiment. I suspect I would be surprised if I saw them.

Frankly speaking i am not surprised with lot of people choosing dollar over bitcoin,It will be difficult to make people aware about bitcoin without any solid structure present in front of them.Its a long journey to travel guys and we are getting closer day by day.

If in my country to conduct such an experiment, in 10 cases out of 10 will answer: "Bitcoin? What is it." But if you take the proportion of 100 to 1, then probably the hundredth person will say: "Yes, I will choose bitcoin." This is due to the very poor knowledge of people about the modern economic market. And our task with you is to do everything to popularize bitcoin, as nobody does it ... I try to inform as much as possible about my bitcoin and its advantages, I want everyone to know about it! Then our world will change, and I hope for the better :)

good experiment . Literally explained so many things .
I am sure  many of them among the guys knew the current value of bitcoin but still chose to get dollar . That clearly explains the biggest problem with the world that they are totally dependent on physical money . Even if they know where bitcoin stands right now , they still chose 1 dollar .
There are still so many bars bitcoin needs to cross in order to get its deserving value and importance .

And i thought that the Crypto community was big already xD, this experiment makes me happy because most of us are entering into this world early and that give us advantage.

That's actually good because it means we are still the early adopters. Yet the price is already so high!
Just imagine how much the price will rise when Bitcoin will go really mainstream and will be adopted by large amount of people...  ;D

I wonder from which year this experiment is, situation changed a lot in last couple years. In anyway this is a good thing, can you imagine what will happen with bitcoin demand when all the people know about bitcoins?
My friends from facebook knows about bitcoin, I shared so many news about bitcoin, after each rise I post the new ATH price, and to most of them I explained what bitcoin is.
I would like to know from which year this experiment is, and someone to make similar experiment now after some time passed. Bitcoin is more present in news, magazines, television, this year price grow made bitcoin very popular, and news about that are everywhere.

Bitcoin is not illegal (despite of the media and for the news where bitcoin usually appears only when they talk about ransomwares and similar things) yet it's not really regulated, so I won't say it's totally legal, because if something is legal than it's in line with the laws and regulations... So it's something new that has not been regulated yet, but not illegal...

Same here, a lot of people in our country doesn't know about it and can't even recognize it. Maybe thru social media others my inform what bitcoin is.

It really didn't explained many things but it only showed how many people are not aware of Bitcoin or any cryptocurrency in that matter. But when you look at it money making wise people should know by now or at least took it into consideration that there are new money making ways outside of Stocks or Real Estate. I think the biggest problem here I see is not knowing Bitcoin but not becoming a financial literate person as it is more important if you ever want to become financially free.

One nice try! It simple says that bitcoin is not that popular in the world. The are not yet knowledgeable in a digital currency. I hope that by that kind of experience we simply advertise and inform them what bitcoin really is and how bitcoin can help our nation.

If i use that as a test then I just might get the same answers as you did.
Maybe 1/100 of all that people will pick bitcoin or one more with just hatred with their own currency that picks bitcoin too.
It is a good experiment though.
I almost thought there are a lot of people who knows it and yet that experiment tells it is still rare.

They will rather choose fiat money than bitcoin because most of the people here in our country still dont know and doesnt believe in bitcoin. They dont know that there is greater currency in internet.

it shows that bitcoin is not known to the world, because normal people who know the bitcoin price then he will choose 1 bitcoin. and it's our job to introduce bitcoin to the world, and in my country there are already some bitcoin communities whose job it is to socialize bitcoin to the community.
someday I will try to do the same thing as you in my country. but I can already answer it seems the answer will be the same as your experience. ;D :D

We can say that its a good experiment they tried. But its show that bitcoin in the country not yet so popular.  But if this social experiment, do it in my country they rather choose bitcoin because of its value is good, and best investment, people in my country interested on bitcoin. This experiment is great for people to know so that they are aware about bitcoin. And this experiment raise awareness to the people. This experiment may help other people curios and idea about bitcoin.

It's a good experiment, certainly there are only few people who knew about bitcoin and if try that here in my country most of them would choose 1dollar since they still don't have knowledge about bitcoin. There are still a lot of people that doesn't know about bitcoin and cryptocurrency. Using this experiment we can share others about bitcoin because some of the people that we will ask about this kind of experiment will be curious about it.

Well, that is the point of their social experiment. They want to know if people are aware with the rise of digital currencies that will play a huge role in our financial system. They also did not explain it in the beginning of the interview because they want to know how people would react after hearing what bitcoin is worth nowadays.

Then chose 1 dollar? LOL
I am pretty sure they will search for bitcoin after being asked that question and will surely regret their answer ;D

I think our people whi never heard about bitcoin will ask the value of bitcoin after that will use bitcoin and change to fiat.

I will do the same )))

USA is the country where most Bitcoiners reside. Around 45% of the Bitcoin community is from the US yet their people choose to take 1 dollar rather than 1 BTC. It shows how less Bitcoin is known to the people. According to a survey only 8% of the world population are knowing about Bitcoin and using it. If $7000 is the price of BTC when only 8% of people know it then how much do you predict the price will go when %75 of the world population knows about it. ;D

This is simply because the knowledge and potential of Bitcoin is know by very few people across the globe. People still love fiat currency over virtual currency and can't easily trust a system where no one is answerable or in other words which is decentralized. Due to these factor people still prefer centralized currency, once people will get to know about its benefits and profit rates they will definitely jump into Bitcoin.

They absolutely don't have any idea about the great Bitcoin value, the only reason why they choose dollar.

Sorry but I haven't watch the video you mention, yes we can say they we're living in USA, where internet and communication media are available.

To make a valid assessment about Bitcoin popularity. They should consider about the places, status of the people, they way of living, how they updated about the news or technology, etc.

Just my humble opinion.

Bitcoin awareness is not yet spread and doing social experiment can prove that. If people know what is the equivalent of 1 btc in dollar they might get shock and choose it over 1 dollar.

Im living in a place where mostly are neighbors are from middle class and i had the chance to ask them if they heard about bitcoin, about only 5% are aware what it is and most of them are college students. Only few of people here knows it and we are from the city  what more in the places from rural area i bet no one knows it.

2 years ago in my country very few people knew what digital currency is, now people are aware what digital currency because of bitcoins performance this year, news are all over the country and everyone wants to store value on bitcoin cause of the continuous falling of our paper currency.

This is a nice experiment that you have done in your environment. As far as I know  a reasonable number of people are not aware of bitcoin and even those one that are aware are scared of losing becaues they do not understand the concept.

For in my country much poeple still disparage to bitcoin. And by the way your experiment is doesn't accept in my country, even though i was told to my friend about price bitcoin approximately in 7400$. Because they didn't see the money directly.

How is it possible for this thread to get this long without anyone even asking for a link to the video?

I searched for it, because it sounds like a fun video, but no luck.

Does anyone have a link?

The average Yank ain't the smartest type of person in the world. Can't be too surprised by their answer  :)

This is not surprising, I think you could do the same experiment in pretty much any country and would come out with similar numbers, let's try this again in 5 years and it will be reversed, 90% of people will know exactly what bitcoin is.

I just did it a few days ago with my friend. I asked him, do you know bitcoin? he replied didn't know anything about it. Then I tell him that bitcoin prices now exceed the local currency. When I told him about the price via Internet, he was stunned.

In my country the results will probably be the same. Many people have never heard of bitcoin and don't know how valuable it is and what they can do with it but they all have heard about dollaras althoug it's not the payment currency in my country and they appreciate it. Maybe we here on forum have the feeling that everybody knows about bitcoin but that it isn't so in real life and bitcoin is still limited to relatively small number of people. This have to be changed but it takes time.

same here, i believe most people will say that they choose dollar or any other local currency rather than bitcoin its because most people are still not aware that bitcoin exists or what is bitcoin this is because bitcoin is lack of advertising or exposure to the public but if someone can advertise it on tv or radio and newspapers then i think more people will try it and will recognize it as another currency.

I really dont know which village you were in while conducting this experiment because I am.sure that there couldnt be only single person in your sample who answered 1 bitcoin. Atleast 4-5% of US population surely knows about bitcoin but if these stats are true then bitcoin still needs hell lot of development.

I think this idea is good for social experimentation, so all those who have chosen a regretful currency do not choose 1 Btc, maybe in this way everyone will ask what is Bitcoin, and why the price is so high compared to real currency.

I know I'd definitely take one BTC over $1. I for sure prefer $7k+ than a measely dollar ;)

Well clearly if you made an experiment here in our country  then the result will still be the same apparently if they were to choose a bills here in the Philippines then they will choose the bills over the bitcoin. It just proves them they are unaware  of the value of bitcoin and the cryptocurrency here in the world.

Same result in my City. There are more and more Newspaper article and Online Articles trying to explain Bitcoins, but i think it is still "Nerd Stuff" in the head of most people.

I would certainly get thesame result here.
Would partly blame bad publicity and people's lack of interest in researching for facts.
Most people on the planet are Conformists. They would follow what everyone else follows. Very few will research. Research takes a lot of time and effort.

Proofs will speaks for any product or service in this world. We need to be promote and spread about the bitcoin. Then every people have thought that bitcoin is the best part income and technical currency evalution. If the knowledge completely shared about the bitcoin then it will reach upto laymen. Try to use the article links and Youtube videos to share about it.

If I were to do the same social experiment in my area or country, They would definitely choose our local currency over Bitcoin. I know for a fact that in my area, there is just the three of us who really know what bitcoin is, so this would be a good way to spread awareness about bitcoin in my place.

There were only three of you who really knows bitcoins in you area? That's Impossible you just did not know there were people who don't talk too much what they had know. At first I also thought that there were only three of us knows bitcoin among friends however when I talk about it to some of my friends they said that many of our common friends were member of this forum and knew bitcoin.

I agree and this is the sad truth. All we can do is inform as many people as we can and exlain it to them as broadly as possible.
If ever i'd do this kind of experiment, here in my town, there would probably be about 8 people that would know what to answer. And those people are people that i have told about btc.

Nothing special about it.
Most people are ignorant and you should always understand that talking about how great bitcoin is here, is like preaching to the choir.
Once you leave the church you're surrounded by infidels :))

Oh, and please share the video.

If I would do the same experiment in my city I would probably not meet a single one that would take the bitcoin, and it's more probable I would get my ass kicked by someone who would understand buttrub instead of bitcoin.
After all I saw some experiments where people said that moon is larger than the sun, the bible was written by the pope and so on....

I doubt we would reach a level where 1% of the world population knows what bitcoin is and how it works by the end of the year

I think the result will be the same as you watch. so I think it's basically just community and groups who prefer bitcoin, and that too will never leave their local currency. because most of our goals here are the same. to increase profits and can exchange them for local money.

Mostly agree but would not blame anyone. I think BTC is like a phenomenon of a special type. There are some people who initially saw something promising in the system... well even felt something promising. In some time for them this system began to prove itself as alive i.e with implemented ability for real development, where term "real" means the ability to create non-similar in external manifestation or unrelated structures or appearance. To make it simple: there would be no Ethereum if there was no BTC but they look different.
Still there is one more aspect, most interesting for me. BTC and all this living system of crypto is a system that is lvl higher than existing fiat system. As existing fiat system is lvl higher than gold standard system etc. So it is doubtfully that everyone will simply understand it, like some people never entered burning demon with petroleum smell. Just today people who are interested in everything new, people who are ready to use full implemented system in first lines, people who always use what majority use and people who are perceive everything new as a threat they are all living in different countries in different proportions. Also BTC in a very sharp manner raised questions about the difference in the political social and economic structural components of modern systems. For example BTC (or other) can possibly draw back solid part of national tax income (for some countries) or become a system of total financial control in the hands of... well I do not know... klingons? :)

Here is the point: cryptocurrency is not a technical phenomenon but an implementation of monetary system on the next level. It will inhale nearly all the values and functions of fiat system. Many people don not know about BTC but who cares?

In my country even professors of economy have a vague knowledge about what Bitcoin. I heard one saying on TV a few months ago that in the market there are only 1 million bitcoins or 1.5 milion.  :o A massive adoption will happen, but for the time being the pace is slow. The good news is that people who have bitcoins now, will have an advantge in 5-10 years.

I don't know what will be the result in our country, because I don't want to conclude without knowing other factors. It is true that bitcoin or other cryptocurrencies are not popular nowadays especially to those who are ordinary people and rarely access the internet. I have met other fellas in my country that is familiar in bitcoin and uses it, I have classmates who also know bitcoin and I have shared it with others as clear as I can. But I know it is not enough to make the percentage of the number of people who uses bitcoin go bigger here in my country.

teaching bitcoin how the importance in crypto are best way to choose people bitcoin become interesting for them to hug this new digital currency than the other currency being most expensive profitable investment. and show them the advatange of bitcoin among the rest currency.

I don't think that deriving bitcoin awareness percentage from such video is right...The content shown in such videos are edited and biased shown only to gain popularity. I agree most of the people does not know about Bitcoin but at least 4-5% of the population has definitely heard about it and know its value.
Either this video is biased or it might be shot in some backward rural area of US

In my country the chances of someone saying a bitcoin is about 70% in my opinion.
The popularity of the digital currencies is up and rising, but it will take some time for all of the popularity to really understand it and how "big" it is.

If people who are asked during a social experiment about Bitcoin, they will choose their local currency if they are not aware of Bitcoin. If yes, if he is aware of Bitcoin then he must choose Bitcoin.

Same man.totally same.i guess they will ask what even bitcoin is.how much it costs.better than dollar or something?

Bitcoin is the biggest social experiment that exists hands down. It started between two peers and now there is a huge network of millions of people all over the world and they're all agreeing on the state of the ledger every 10 minutes. The ledger is the blockchain of course. So this is amazing that people keep agreeing on consensus rules without knowing the other person.

Which country in the world is most aware of bitcoin ? Is there a survey ?

but if they do not already know the knowledge of bitcoin yes they will choose the local currency but this is what we have to introduce to them that bitcoin is a currency revolution

Good way to show how little people know about Bitcoin. I try to educate everyone I meet! Sadly, most haven't even heard of it.

in the perspective of an ordinary person, when he will hear a dollar over bitCOIN, coin is smaller than a dollar, obviously they will choose a dollar right away, people who do not use the internet are not aware of bitcoin, it is not famous to the offline world, but i guess it doesn't affect bitcoin in my country that much because the huge internet users here has the edge in bitcoin awareness, our country has a heavy internet users. try making an experiment online.   

If a may ask, was there no introduction of what btc is during the interview? Because I won't be surprised at such response when the interviewee doesn't even know about what he/she wants to compare. You only know about dollar, the value of bitcoin was not revealed to you.it's not least expected. But in case the interviewee was told about or knows bitcoin and still give such response.. Then, maybe there is a special reason best known to him.with my knowledge about bitcoin, I won't chose a dollar to a bitcoin

Well, if they explained what bitcoin is before they start interviewing the people they were asking, then the whole point of the social experiment they've conducted is useless. The main goal of their experiment is to know how many of us knows bitcoin, to spread awareness about it. They also want the people to remember bitcoin by telling the price later, that way they will not easily forget it.

Wow there is very interesting, I want to try this one too! But if I do this in my country, I'm sure that no one choose 1 bitcoin. Let's try this haha!

Such an experiment (actually a poll) shows that a large majority of the world population does not yet know the advantages of a crypto currency, and on the other hand, a crypto currency has a significant human base for its support and development. So this information has its positive aspects.

That is so frustrating dude. Look. Most of the people didn't knew about bitcoin. If someone ask me that question, even if it is not 1 BTC, I will choose BTC over usd or what ever currency. As of now, 1 BTC is 6,700$ (although it goes down from 7,500$), I will still choose it. You can buy lot of things using 1 BTC.
If I am going to run this experiment in my country, I think, most of my countrymen choose the currency in our state. They do not know bitcoin. They do not know any digital money. 

Same here in our country. In our clan of 1000+ relatives including my family i think we are only 4 engage in bitcoins and here in our company, for about 2,000 employees we are only 23 individuals who are doing bitcoin activities even do they see us earning huge amount it seems that others want easy money that they don't want do the jobs of bounty campaign for free bitcoins and earn. This means that bitcoin is not that popular after all therefore $7000 price will still going to increase if bitcoin become 100% acknowledge.

If ever I'll be doing social experiment about bitcoin in my country especially in my hometown I guess same thing will happen because bitcoin is not that known here but it could be 3% of the population in our small town knows it including my friends and relatives.I have also proven that not only us knows and uses bitcoin here  as I went to the remittance center lately and asked the teller on how to cash out my money from my bitcoin wallet and they have showed me an example of their previous bitcoin transaction.I just then realized that there are also few uses bitcoin for money transfer.

I guess if I do that, I will get the same outcome too. Yes, there are some who know about Bitcoin but they are only a little part of the whole. Bitcoin is still not that popular in my country. Companies or stores accepting bitcoin here in my country can be counted just by my fingers.

Its strange how they can chose 1 dollars instead a bitcoin. They just reject 7000 dollars for 1$ ? Maybe due to lack of knowledge.They're not aware about the price of 1 bitcoin. The bitcoin has not reached enough to everyone. It still taking a lot time to grow. The Social Experiment worker should introduce the bitcoins on there interview. I think they didn't aware them and ask simple questions.

It demonstrates that bitcoin isn't known to the world, since typical individuals who know the bitcoin value then he will pick 1 bitcoin. Furthermore, we must acquaint bitcoin with the world, and in my nation there are as of now some bitcoin groups whose activity it is to mingle bitcoin to the group. Sometime I will attempt to do an indistinguishable thing from you in my nation. be that as it may, I would already be able to answer it appears the appropriate response will be the same as your experience

This one is very interesting. If this is done in our country, maybe a few will choose 1BTC since in my circle of friends, some are earning their allowances here (since I'm a student). Also here in the Philippines, many people are very wise in searching for a way where they can profit or earn something to make money  :)

Did he give the bitcoin to the person ?? ahah

YouTube videos not give you real things but you are right a few number of all world only know bitcoins and little use it

I've seen it too, Actually it was quite interesting to watch because a lot of people are still not aware about the industry. In our country for sure a lot of people would pick Bitcoin since here in our country there are already a lot of people engage in this industry and the fact that it is legal. Medias are now documenting the aggresive growth of Bitcoin and they are now also already promoting it. So definitely a lot of people in our country are now aware about cryptocurrencies.

Lol i think it will happen too in my country. Even from all people i know, those who like to invest and know about economy quite well, don't know something like bitcoin exist too.
Such a pity of course. Especially, my country's people don't care about something digital and technology like this.
They want something that have shape, and of course it's not bitcoin.
Most of them are ignorant too, so it'll be hard to do that kind of experiment in my country because the result is so obvious.

it's a good experiment to know if people know what bitcoin is. If we try this experiment in our country, I think most people here will say that bitcoin is uncertain. Many people here have no knowledge as well when it comes to digital currencies.

That's where in a way we are all still quite early with bitcoin as it creeps more into everyday use more and more will adopt just now it is more of a store of value rather than an everyday currency. Some people would not know what to do with bitcoin because with keys and wallets it is not as simple as cold hard fiat.

It depends, depends on that year the experiment was conducted, how old is the average respondents

It the question is asked about 3 years ago, I am pretty sure the experiment is valid, the sampe applies to for example respondents of 40+ years old

But I think asking that question in US nowadays, you will get different result with more and more awareness of crypto

Interesting experiment, it just shows how early we are in the stage of bitcoin adoption

In my country the results will probably be the same. Many people have never heard of bitcoin and don't know how valuable it is and what they can do with it but they all have heard about dollaras althoug it's not the payment currency in my country and they appreciate it. Maybe we here on forum have the feeling that everybody knows about bitcoin but that it isn't so in real life and bitcoin is still limited to relatively small number of people. This have to be changed but it takes time.

It depends on the place and year where experiment took place, the respondents age, country. But still: results are interesting

i will make like this here and ask people about bitcoin

media and tv start talk about bitcoin but i think few only know about bitcoin

True, even here in our country where technology is haven't much developed yet and the internet services are expensive and slow still bitcoin is gaining much more popularity and more and more people noticed its increasing value and potential as an investment opportunity.

This kind of social experiment is very meaningful! For the moment, most people choose the dollar, and there's nothing to worry about. Recently, I feel more and more about bitcoin and other encrypted currencies, some of the mainstream media reports. This means that the encrypted currency is starting to grow, and there should be more good news.

I'm not surprised by that. Because today although bitcoin is famous, it is still limited to people who keep up with technology.
I'm 100% sure if you do the same experiment with you, surely people in my country majority choose local money, because they do not understand the bitcoin digital money.

I think that is unexpected result since cryptocirrency is very familiar in usa.
In my country, from 100 maybe just 1 or 2 people will choose 1 bitcoin.

Nice experiment. Other than testing the participants on BTC, it is a nice way to share about Bitcoin to the viewers. I believe if we run the same experiment in my country, 8 out of 10 people will choose $1 too.

In my country some people have never heard of bitcoin, some people don't know much about bitcoin and that it is a very valuable digital currency, and what they can do with it. Bitcoin is still not  popular in my country. There is not much information on bitcoin in my country.

On the off chance that a may solicit, was there no presentation from what btc is amid the meeting? Since I won't be amazed at such reaction when the interviewee doesn't think about what he needs to look at. You just think about dollar, the estimation of bitcoin was not uncovered to you.it's not slightest anticipated. Be that as it may, in the event that the interviewee was told about or knows bitcoin and still give such reaction.. At that point, perhaps there is a unique reason best known to him.with my insight about bitcoin, I won't picked a dollar to a bitcoin

That experiment was operated maybe a few months from now, and unlike today, more people are slowly knowing bitcoin. If this social experiment would be tested in my country, I think I will be proud to say that there will be a moderate number of people who will choose 1 bitcoin than to choose the local currency. Bitcoin in our country has been introduced by news, and because of increasing users here iny country, more people are getting familiar with this.

I can say that still very small number of people have knowledge about cryptos, and who have some knowledge do not understand it well. So this is the reason of choosing 1 dollar.

Bitcoin was created as a social experiment on alternative. Bitcoin is theoretically a “currency,” it is not being used as one (except for a very tiny portion). “Most of the bitcoin out there is being used as an investment and there is very little bitcoin available, and any bit of buying drives up the price, as there’s only a small amount money.There are a lot of limits to using bitcoin as a currency, and it is not being used, therefore, only a little bit of interest and drive the price up and it is creating a bubble right now in the society.

Well the experiment just goes to show that only a percentage of the population knows about cryptocurrency. It’s not all about the ads that is being used to spread bitcoin awareness, I’m pretty sure that these guys are aware of it. However, being aware is way different from being engaged in terms of investing and trading. People are simply skeptical of things they don’t understand. They need someone to explain it them bit by bit and of course they have to be willing to learn as well.

Let them have the dollar.
I'll have the bitcoin, thank you very much. ;D

I think most people in my country heard about bitcoin but they dont know the true meaning of it. But i think many of them will choose btc because of what they heard about it.

If people want the good thing Bitcoin could give to people it is a good way to form or to try don an social experiment for other people to know the system of Bitcoin in a different way. Sometimes factual thing are boring and it might hinder the education process that may lead to counter factual knowledge about the real system of Bitcoin.

That investigation was worked perhaps a couple of months from now, and not at all like today, more individuals are gradually knowing bitcoin. On the off chance that this social trial would be tried in my nation, I figure I will be pleased to state that there will be a direct number of individuals who will pick 1 bitcoin than to pick the nearby cash. Bitcoin in our nation has been presented by news, and as a result of expanding clients here in nation, more individuals are getting acquainted with this.