Bitcoin Forum

Well more than half of the General public doesn't!

If you read the write up:

http://bitforum.info/t/do-you-know-what-bitcoin-is-more-than-half-of-the-general-public-dont/224?u=angelo

WTF? How come bitcoin is still unknown to the common people?
Start ups after start ups have managed to raise millions and millions in funding but more than 50% of the common people doesnt know about it?

What do you think is lacking? What are bitcoin's shortcomings?

I think that most people have at least heard of it, even if they don't know what it is.  The problem is that the media portrays bitcoin as a money used to conduct illegal activities.  That makes people associate it with crime.

Yeah even I think, that most people atleasty have heard of bitcoin and know might not have used it or know how it works. But most of the people I ask, what is bitcoin, they are able to answer it a digital currency. However, the concept of it, might not have been heard of, all over the world.

Am I the only one who thinks it's actually a good news.

That means there's still plenty of room to grow. The far worse news would be if 100% people knew what Bitcoin is and how it works. That would mean that the number of users is close to the maximum and whoever was interested, already got on-board.

And I'm sure that more than 90% people have never heard of bitcoin, if we take into account the entire world population.

great that nobody knows anything about it  :)

* a large percentage of the global population lives in destitute poverty just trying to feed themselves so they don't count as potential buyers

It is so much more than 50% unaware it is more like 90 - 95% if we get to a point where only 50% unaware and 20% of the other 50% actually use it, it will be moooooooosive

never say never!!!

 ;) ;) ;) ;) ;)

Why not try this experiment at home.

Ask your mom, ask your dad, your aunt and uncle, your wife, your brother, your sister, your in laws ---see how many know about Bitcoin.

It surprises me how unknown it is here in Europe still. I think the U.S and china are ahead of the world again if it comes to cryptos.

it's a complex technology, most people are idiots, look around.

it takes time, much time, before people will understand it. And even than they'll only understand parts of it.

we've got to spoonfeed them a watered down version of bitcoin

I have tried this little experiment at home and the results are as follows:

Mum - Never heard of it
Dad - Never heard of it, I don't use computers
Aunt - Is it a game?
Uncle - Can you buy beer with it?
Aunt 2 - Never heard of it
Uncle 2 - Never heard of it
Fiancee - knows "of it" from my influence but nothing more than that
Brother - You keep going on about it but I still don't know what it is
Brother 2 - Seen an article once about it but didn't show any interest
In-Law - Never heard of it

So out of 10 people you could say that Fiancee and Brother 2 have heard of it but have no further knowledge (20% of 10 people)

I guess just most people don't seem interested in it as they do not feel the need for it.

It's about the same if you ask people about the stock maket, most people have heard about it but how many of them really know how stocks are traded, not to mention all the backroom deals that are put in place to fuck the small invester over.
The rich get richer and the poor get poorer at the expence of those that don't do their homework and just follow what the news or papers say.

It's all the same with BTC, people want to get rich but they are not willing to put in the time to learn what the best investment is for them.
I've been into BTC for about 18 months now and i still call myself a newbie, there is just so much to get ya head around.

Yeah mate..It is good news for now..but lets start spreading awareness about it..I am doing my part..hopefully you guys do yours..! :)

Time for the Foundation to spend some on PR...yes half and more folks haven't heard of bitcoins yet

65%? That is still questionable. Go to Malaysia and ask.. Ill say 100% doesnt know about bitcoin

But then go to a tiny little island off Australia called Tasmania and I'm guessing heaps of people, maybe more than half the population know about BTC.
Tassie is a state of Australia that someone tried to turn into the world capital of bitcoin last year.
This was publicised quite a lot my friends down there tell me, word gets around in a small town.

I have close family member telling me it was a get-rich-quick scheme and was practically quite worried about me getting involved into it. Yeah, I would say most people are still oblivious about bitcoin existence.

It will take a lot of time, but probably good for it to spread gradually than too quickly. Example- Everyone that bought in on the hype when the Silk Road was taken down and hit the Mainstream Media, and purchased at $1000/BTC hoping to become overnight millionaires, then dumped all of it.

Even if there are lots of pieces on Bitcoin in the news, there is quite a lot of information in the news these days for people to digest, in multiple mediums- Radio, Internet, Television, etc.

Here's the song to know almost everything about bitcoin : https://www.youtube.com/watch?v=YbzNJr26H-4
Should be helpful if you are new ;)

They have dollars, visacard, Paypal and new ApplePay that have already meet their requirements to live, they don't care about what were happening on financial world, So they don't know about Bitcoin, and they won't.

Hmmmmm... maybe in my place its 90%.

Likely its more than that.

A Bitcoin is an ISIS money lol

That is very sad to say. 65% is a bit smaller and maybe not the real time figure.

Know somewhat about bitoins, ;)
coz bitcoins are not well popular in india especially in tamil nadu(a state in india)

Until Bitcoin is synonymous with PayPal, or Western Union, or Mastercard or Visa, etc...we have a long ways to go.

The common man, the mainstream media, the average home maker doesn't know what Bitcoin is.

It's our jobs as people knowledgeable to educate or correct if it comes up, or bring it up matter of factly.  Use it where Bitcoin is accepted.  Support local Bitcoin businesses and join your local Bitcoin meetups and events.

Right now, I'm praying that ApplePay really takes off, so that if the mainstream adopts NFC payments using their mobile phones, it'll be the right time for Bitcoin to peer it's head in, invade those Android phones that outnumber Iphones 3 to 1 and pounce...

2problems :

Bitcoin is not easy to use if you don't know anything about how to properly use internet and new technology. And if you don't have any bitcoins, you need to get access to some.

Also people still have faith in their fiat currency in the west and use gold or an other fiat currency to save in developping countries.

That's why I created my sites, www.makingmoneyhoney.com and www.whatscryptocurrency.com. So that people can share it with those who don't know what Bitcoin is yet.

I know about bitcoin, but do not know the history of bitcoin :)
and I was just looking and exchanging it to be money haha  :D

Well if I do that, that might be 0/7.. lol

Education and Adoption.