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Bitcoin => Bitcoin Discussion => Topic started by: Promocodeudo on July 06, 2023, 07:48:00 AM



Title: Education and money as the key to Bitcoin adoption.
Post by: Promocodeudo on July 06, 2023, 07:48:00 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.

Some people don't care about Bitcoin because they don't understand how
It works and how it is, and I have made it an obligation to help people that I tell about Bitcoin, that has found it interesting to reach the extent of comprehending what Bitcoin is, and also make them know that the technology has come to stay, irrespective of the availability of cash for investment, acquire the knowledge.

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
So the other stuff which is money becomes secondary, continue pushing, any day you get the funds to invest in your own time, stop limiting yourself by not being prepared before the money comes will be considered as the greatest mistake, be yourself don't be in a hurry more things may unfold before you invest maybe you might be lucky bitcoin for one bitcoin for everyone.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: dzungmobile on July 06, 2023, 08:54:25 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts
I don't need to understand technical things of Bitcoin, its open source code to use it. If you want to use it, it's simple than you think. If you want to use it more effectively, learn a little bit. If you want to engage in development, learn to code with deep technical knowledge. Different Bitcoin enthusiasts, different needs and different approaches.

Quote
We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
You can learn with Bitcoin Testnet, use Bitcoin Testnet if you want to understand it, practice with its testnet blockchain before use it on the main chain.

You don't need to have money, it is not a mandatory requirement. If you have knowledge and skills, you can work to get bitcoin. You don't even have to spend money to buy it. Using money to buy bitcoin is only one of many options. Besides using your knowledge, skills about Bitcoin to work and get it, you can get it if you have a small business, a grocery and accept Bitcoin from your customers.

Bitcoin accepted here!

https://en.bitcoin.it/w/images/en/7/74/BC_Rnd_64px.png (https://en.bitcoin.it/wiki/Promotional_graphics)


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: uchegod-21 on July 06, 2023, 09:23:35 AM
Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: yudi09 on July 06, 2023, 09:33:57 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone, ... ...
First, convince yourself.
Second, tell the closest people like your wife [if you are married], sister, brother about Bitcoin. The things to tell them are the advantages and disadvantages. Tell them how to buy and store Bitcoin.
When everything about Bitcoin has been told to them, let them think before they decide to involve themselves or not.
With clear and directed delivery, they can judge for themselves the negative information circulating.
Rest assured, from them Bitcoin information will be widespread with good purpose.

Preaching about Bitcoin cannot all be done openly in certain countries. Maybe in my country Bitcoin and crypto are still given a chance as commodity assets, what about countries that prohibit their citizens from being involved in all forms of crypto and if caught will be given strict sanctions.

I always support efforts and efforts related to informing about Bitcoin to all circles with the aim that all humans understand and know about Bitcoin.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Helena Yu on July 06, 2023, 09:36:26 AM
First, anything needs money, if we discuss about any subject, money always play.

Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
I need to disagree, those aren't the major factors that affect people to buy Bitcoin. There are only two major factors: religion and government.

The government isn't supporting Bitcoin, they would discuss about it and then said Bitcoin is a high risk investment. There are many bad news related with Bitcoin e.g. CEX hack, people lose Bitcoin etc, not to mention the government ban Bitcoin. This make people scared to buy Bitcoin.

There's a religion which said Bitcoin is haram, even though you've explain Bitcoin isn't haram, but they will keep say Bitcoin is haram.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Doan9269 on July 06, 2023, 09:47:17 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

As you've said earlier, bitcoin education will require money, education, time and the release materials for impacting such knowledge and if one desires to take this as a responsibility, then he will definitely arrived at the targeted aim despite the challenges to pass through while having bitcoin education take place, it's a sacrifice and not everyone can give it all it takes when it comes to it's demands for educating others in bitcoin

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

There are local and remote areas where there's no internet opportunities and yet we cannot conclude on avoiding them from knowing the good opportunity that comes with bitcoin even though they might starts from a theoretical apsect of it before advancing to the practical demonstration when there might be internet connection or when they have the opportunity of going to the developed cities, also there a way one can make use of bitcoin transaction without the ise of internet connectivity right from the mobile phone device.





Title: Re: Education and money as the key to Bitcoin adoption.
Post by: kryptqnick on July 06, 2023, 10:27:09 AM
It's really important not to oversell Bitcoin because that can cause a lot of negative reactions from people and associations with scams, Ponzi schemes that people promote because they really need others to join.
If there's a community that doesn't have the Internet connection, I think working on providing that connections and helping to learn the basics of using the Internet. Such people don't need to learn about Bitcoin unless they're really interested because first things first.
As for knowledge not being a waste, even if a person doesn't have enough money to invest into Bitcoin, I agree with the op on that.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: michellee on July 06, 2023, 10:42:46 AM
First, anything needs money, if we discuss about any subject, money always play.
And yes, nowadays, to invest in Bitcoin, people need money. That's different from a few years ago, when people could search and get Bitcoin for free and many people even got it through faucets.

We can teach people to start investing in Bitcoin, but we must warn them that they only use the money they can afford. There is no need to go overboard in investing in Bitcoin, let alone to use a lot of money when we also still need that money to survive.

People still struggling to think about how they will survive will not start investing in Bitcoin because they will put their interests or fulfilling their needs over investing. That is a normal thing because the necessities of life are their number one priority. But they can even start investing in Bitcoin with small money and regularly buy at the current price.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Lida93 on July 06, 2023, 11:01:05 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
The adoption of bitcoin is one of a gradual process and can't say there's no meaningful progress sofar, like the internet when it was first established there were many contention with not much acceptance and usage by many but almost everyone under the sun makes use of the internet in different ways. So bitcoin adoption by all, it's all a function of time.

Educating on bitcoin doesn't necessarily need to be on the technical aspects, in as much as a person can do bitcoin transaction, knows how to secure his private keys safely that's alright. Except for those that wants to go professional with bitcoin in terms of the different areas of specialist concerned with cryptocurrency.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: vv181 on July 06, 2023, 11:22:00 AM
This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.
~
In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Nonsenses and absurd takes!

What you spout is truly bullshits. People who did not get basic internet access should have gotten something more basic instead of a mere Bitcoin education. Bitcoin has nothing to do with a precondition of people who lack primary access to internet connectivity. Besides, we can assume those who did not have access are also having more concerning problems, for example, education in general, or even famine. So, it is ridiculous to increase adoption by only focusing on such kind of conditions.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Sim_card on July 06, 2023, 11:44:46 AM
The knowledge of bitcoin is the most important aspect of fast adoption because I guess that if almost everybody in the world knows about bitcoin just like the way people know about US dollar. Bitcoin is getting more famous because the government are always scared of it and directly or indirectly they are making it more popular by talking about it positively or negatively,also about crpytocurrency regulation. You can also render a service to get bitcoin,buying bitcoin is not the only way to own a bitcoin. Money is everything and those who can't afford to buy bitcoin,if they have the knowledge of bitcoin,they can decide to ask for their payment in bitcoin. My friend that introduced my to this forum got his first bitcoin from signature campaign,which some of us are also earning bitcoin through signature campaign. I know that in ten years time bitcoin will be a song in everyone's mouth.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Hyphen(-) on July 06, 2023, 12:05:52 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

Not just with regard to Bitcoin, ignorance is bad and always degrades society as a whole.

Speaking of spreading awareness of Bitcoin, we need to be well-prepared because what we tell others will be what they utilize. Accordingly, I believe there is a need for us to learn more about Bitcoin before we tell others about it.

Quote
We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
Yes, I agree with you that money is one of the major factors that plays an important role in Bitcoin investment, because without money, one cannot invest. But knowing what you are investing in is also very important, because if you have money and do not know what you are investing in, it is like a waste of money because your investment might fail. Therefore, gaining knowledge first does help in Bitcoin investment.

Actually, giving good awareness about Bitcoin will increase the rate of Bitcoin adoption globally; therefore, anyone who is given awareness should understand the entire concept of Bitcoin before being given awareness to avoid being given wrong information about Bitcoin.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Z390 on July 06, 2023, 12:42:36 PM
Education has very little to do with Bitcoin, if you are an illiterate you won't even be able to write and read on this forum and Bitcoin doesn't need any form of education level, I don't further my education after college and I know many things that even high level degree holders don't know, if you can read and write you can understand Bitcoin to for fullest and if you want to practice how to set any Nodes or run miners you can easily do this too, there are videos and also tutorials about how to connect your miners to a pool.

Lack of money is still not the end with crypto, if gou don't have money you can still make money in the crypto space, this is one of the few things I love about crypto, some friends of mine that made over 2000$ through Arbitrum airdrops are holding and some sold for Bitcoin.

They never saw that coming and they are grateful that they listened to my advice, I know that money has a big role to play in investment but you can get away with no money sometimes through other free ways but completing some tasks for new projects.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: irhact on July 06, 2023, 01:01:09 PM
We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.

Not having money to invest in Bitcoin shouldn't be an excuse why you aren't invested in Bitcoin, you spend money daily for things that aren't necessary or adding any value to you life. Instead of wasting those money you can keep then to buy Bitcoin through dollar cost average. You don't need that new phone, clothes now, you should use the money to invest in Bitcoin. Bitcoin investment doesn't have to be done in thousands but you can keep the little cash you get and buy Bitcoin slowly.

Education without practical is pointless, we need to invest so we can make good use of our education to elevate ourselves from our current financial problem. Only invest your spare money that's the best way to invest and we have lots of spare cash often but we use it wrongly.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: lovesmayfamilis on July 06, 2023, 01:07:33 PM
I agree that education should be a top priority on your Bitcoin journey. But I know from experience that just theory will not give you all the understanding and experience you need, so people are always in a hurry to move on to practice. But the availability of knowledge does not always coincide with the availability of funds for investment, unfortunately. And here we can again take the side of Bitcoin, saying that it allows you to invest even the smallest amounts of funds, which in most cases becomes a good magnet for showing real interest in studying this industry.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Xampeuu on July 06, 2023, 01:21:19 PM
knowledge about bitcoin that is still minimal makes bitcoin adoption unable to develop quickly. but moreover bitcoin regulation makes many people unable to fully trust it, many people are rethinking about it, so even for investment they are still hesitant. however, by having knowledge about bitcoin, it will open his horizons to see the future of bitcoin later. therefore the importance of education about bitcoin so that you can invest calmly so you don't miss golden moments like today


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Flexystar on July 06, 2023, 01:30:11 PM
Bitcoin is already published to most of the corner of world. Imagine there was time when nobody actually knew about the Bitcoin however suddenly there are various news about the crypto institutions up rising everywhere, banks getting involved with Bitcoin directly, countries becoming epicenter of the bitcoin, some of them are even trying to be Bitcoin Hub. Not just that, Bitcoin even getting in the news in negative way with court cases, filings, fraud news about the money laundering, criminal cases rising, public lootings of Bitcoin from the owners and what not.

I am not sure if this is not the publicity and enough get to know dram for Bitcoin then what is?

I am not saying education is not mandatory, but just to know that Bitcoin exist we already have plenty of mediums who are letting the world know about it. With the time this is even going crazy as the exchanges are getting flattered with SEC and CBDC drama, strict regulations and what not. 

Bitcoin needs to be adopted naturally and not by force. Today's generation will surely get into it, but they can't be forced to do it.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: CODE200 on July 06, 2023, 01:36:38 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
I love that you added not forcing them to learn but at the same time talk about preaching about bitcoin which in a sense is really weird since it's contradicting.
This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.
You know, my assumption when someone doesn't have an access on the Internet is that they're dirt poor and I base that assumption in my observation that a lot of people has phones nowadays so these people not having any access to the Internet means that even if they are willing to acquire the knowledge, they wouldn't be able to use it because they're struggling in the survival department so I don't see how they will prioritize investing in something volatile than use that would-be investment money to just feed themselves and their family.
In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.
Again with my point above, they will not have any uses for that even if they're the most eager people to learn about bitcoin. My take on this is that you teach them how to improve their lives first, say they are a poor farming community, you can teach them ways to improve their farming aspect of life, that's more helpful to them than just straight up teaching about bitcoin, maybe even put crypto websites as sponsors so in a way, you are still exposing them indirectly to cryptocurrency.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Blitzboy on July 06, 2023, 02:01:00 PM
It's true that most people's inability to grasp and appreciate Bitcoin is a bigger barrier than their lack of financial resources. As a group, we need to work tirelessly towards the common objective of Bitcoin education.

It is essential to offer a whole picture of Bitcoin, not simply the positives. The decentralisation of Bitcoin's monetary system is really revolutionary, yet the cryptocurrency is not without its flaws. The dangers of unchecked markets and its use make it a two-edged sword.

While lack of Internet connectivity is certainly a hindrance, it is not insurmountable. Smartphones in particular are becoming more commonplace all across the world. Literacy in Bitcoin might be promoted even in locations with minimal connection with the use of cheap data subscriptions and instructional applications.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: someone703 on July 06, 2023, 02:23:57 PM
Knowledge is really important in our lives, in this market even those who have bought and sold them do not necessarily understand them, I understand that it is a mistake to not learn it but have used it. It's like you don't know how to drive a car, but you drive it on the road by yourself.
Investing in Bitcoin requires knowledge and preparation. Whether you have the money or not, learning about this technology is important. Money is only one part of investing, and understanding Bitcoin will help you make informed decisions. Please understand that Bitcoin is subject to change and has its own risks. Should always follow consideration and do not rush in your investment decisions.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Agbe on July 06, 2023, 03:01:29 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts,
Before anyone becomes Bitcoin enthusiast, he or she has already well grounded on Bitcoin. Bitcoin enthusiast is a person who knows Bitcoin so education, technical know-how and awareness is not a problem of the person.

it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
The first clause and the second clause of the above sentence are contradicting each other on my own understanding. "It is high time" means compulsory "but don't force" becomes personal willingness. So I see it two opposing classes.

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.
Then they need to have internet access before the orientation of Bitcoin. Because if you tell them without the internet facilities, it's like and education without writing materials which can be forgotten at any moment.

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.
That is what we suffered in Africa education. Biology, physics, and Chemistry teachings with diagrams but no practicals so at the end we were still uneducated.

Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
But from what you have said from the beginning, there would be no practical classes in the process since there would be no internet access.

Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.
Now, you being a Bitcoin enthusiast, compare this your statement to the first paragraph and me the differences.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: virasog on July 06, 2023, 03:22:10 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.


One of the factors regarding slow Bitcoin adoption is the lack of support from the government. If government encourages the use of Bitcoin, believe me, the bitcoin adoption will double at the rate at which it is going now.

Anyhow, this does not mean that knowledge and awareness should not be focused. I think everyone should take the responsibility to spread the word about Bitcoin to his near and dear ones. Also, I don't see that majority of the governments will regulate it anytime soon, it is only our efforts to bring as many people to Bitcoin as possible.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Wimex on July 06, 2023, 04:24:55 PM
Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.

Well in my case in my country or at least where I live do not know much about Bitcoin, knowledge is very vague and scarce, I'm in college and there are times when the subject comes to light about bitcoin by me and most of the answers I get is What is that? Or they have a wrong idea about it, if we take it to a statistical level in my university the average that knows about bitcoin is very low... clearly I like to explain and educate them about this blockchain, p2p and teach them a little about why it would be good to invest....

Some time ago here in the forum several people commented their ideas on how to impart more knowledge of bitcoin to people, and I think the best thing would be in economic workshops in schools talk about Bitcoin, give at first a basic concept of, what is it? Who is satoshi nakamoto? solidify a structure of knowledge investment in bitcoin later, it would be a good idea for children to learn more about this world and there is no more ignorance of BTC.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Stella Mese on July 07, 2023, 12:44:31 AM
I think if in a remote area and in that area there is no internet network, it will certainly make it difficult for these residents to learn about bitcoin unless someone teaches it offline. and it's confirmed that buying btc will also be difficult even if our have money unless our first go to an area where there is an internet network then you can buy btc.

but indeed learning about btc is a good thing because learning about btc has nothing to lose even though for a while our don't have money to buy btc because what our have to prioritize is knowledge first.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Darker45 on July 07, 2023, 02:20:28 AM
Perhaps the idea of Bitcoin will come in handy when people understand certain things first. For example, even a little understanding of how our fiat system works might actually prepare them when something like decentralization is introduced to them. Or as simple as teaching them how to use and be comfortable with the internet. An understanding, for example, of how mainstream online payment systems work might actually make them embrace Bitcoin more quickly when they finally encounter it.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Captain Corporate on July 07, 2023, 03:53:38 AM
First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Frankolala on July 07, 2023, 10:23:08 AM
Good knowledge on bitcoin will help bring out a good practice,and practice brings experience. Bitcoin can be bought with very small amount of money and money shouldn't be the challenge to buy bitcoin.

As for people that lives in a remote area,they do have access to the internet because internet is part of our lives presently,so I don't think that this will be a problem for them. The best way the poor can invest on bitcoin is to look for a way to buy their bitcoin and just keep it in their wallets. If you are holding for long,you don't need to be checking your wallet often. It is just like you put in money into a fixed deposit.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Mr.suevie on July 07, 2023, 10:36:43 AM

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.
Yeah thats the simple truth and I would take myself for an example because its not been long I actually embrace and understood the basic concept behind bitcoin. But before now I was having a totally wrong view toward bitcoin as I taught it was used for scamming people but after being introduced to the forum here which didn't take me long to understand the concept because its simply not hard because if you are dedicated to learn you will surely learn because in order for one to invest , you only just need to know about the basis thats is behind bitcoin which is pretty simple and not all about the technical aspects.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: icalical on July 07, 2023, 11:32:38 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.


Advertising Bitcoin to someone that doesn't even have a internet will not work. I don't think you can just skip a level on technology adoption, if a group of people don't even have internet access it will be better to get them an internet access first, let them learn on how to use it, familiarize it. Then after it we can guide them to browse for information about Blockchain and Bitcoin.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Zlantann on July 07, 2023, 12:25:46 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
I need to disagree, those aren't the major factors that affect people to buy Bitcoin. There are only two major factors: religion and government.

The government isn't supporting Bitcoin, they would discuss about it and then said Bitcoin is a high risk investment. There are many bad news related with Bitcoin e.g. CEX hack, people lose Bitcoin etc, not to mention the government ban Bitcoin. This make people scared to buy Bitcoin.

There's a religion which said Bitcoin is haram, even though you've explain Bitcoin isn't haram, but they will keep say Bitcoin is haram.

The main impediments to the growth of Bitcoin are numerous and relative to different countries. In OP's country, lack of Bitcoin awareness might be the major problem because the government is friendly with Bitcoin. His comments are based on the experience from his country, yours might be different. Religion may be a problem in most Islamic countries but other secular states don't have such beliefs about Bitcoin. An example is the wonderful news that is coming from the United Arab Emirates about the cryptocurrency sector. The kingdom has established a crypto-free zone and exempting some crypto-related businesses from tax. The UAE is an Islamic country but it is gunning to be a crypto hub in the future. Government policies, religion, lack of education or awareness and so much more are challenges Bitcoin is striving to overcome.

Advertising Bitcoin to someone that doesn't even have a internet will not work. I don't think you can just skip a level on technology adoption, if a group of people don't even have internet access it will be better to get them an internet access first, let them learn on how to use it, familiarize it. Then after it we can guide them to browse for information about Blockchain and Bitcoin.

Spreading the news about Bitcoin shouldn't be a do-or-die affair. Bitcoin education without internet service will just be an academic exercise. We should take any opportunity we have to introduce Bitcoin to the right population but it is not a mandate. For security reasons, I can decide not to tell anyone about the currency. I think Bitcoin education will spread seamlessly as more people begin to see its importance.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Blitzboy on July 07, 2023, 12:31:31 PM
First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.
You state that widespread use of cryptocurrency will take some time. I see your point. However, I would argue that it is less about time and more about necessity, based on my own inflated sense of knowledge. Today's society embraces new technologies at a breakneck pace. You make a false comparison when you say that it took millennia for money to become widely used. Cryptocurrencies are not a new idea like money was. What we have now can be found in digital form.

I find it a terrible pill to swallow that you bring up the difficulties of the elderly. If the motivation is great enough, people of any age can change. I've witnessed seventy-year-olds learning how to use iPhones like it's nothing. If cryptos really prove to be as important as you claim, then its adoption would be inevitable across all age groups.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: DanWalker on July 07, 2023, 12:50:42 PM
First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.
You state that widespread use of cryptocurrency will take some time. I see your point. However, I would argue that it is less about time and more about necessity, based on my own inflated sense of knowledge. Today's society embraces new technologies at a breakneck pace. You make a false comparison when you say that it took millennia for money to become widely used. Cryptocurrencies are not a new idea like money was. What we have now can be found in digital form.

I find it a terrible pill to swallow that you bring up the difficulties of the elderly. If the motivation is great enough, people of any age can change. I've witnessed seventy-year-olds learning how to use iPhones like it's nothing. If cryptos really prove to be as important as you claim, then its adoption would be inevitable across all age groups.

You are right, we should not compare the acceptance of money in the past and cryptocurrencies in the present. Cryptocurrency adoption will become faster if it really becomes important and gets government support. While cryptocurrencies are theoretically seen as the technology that will change the future of the financial industry, it is fair to say that it is only being used as a speculative tool, so the demand for it is not the spike is also understandable. Not everyone is passionate about investing, so for bitcoin to become globally popular takes much more time than we think.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: nur rochid on July 07, 2023, 02:01:52 PM
First of all its going to take some time before people could see and make any type of adoption because things do not get adopted in a single moment, it takes time before it gets adopted and that's a very normal thing. You do not see people all starting to use the same thing in a single day. Even back when money was invented, it was used in a particular part of the world, it wasn't like it was created one day and next day all the world was using it, it took centuries before everyone stopped using barter and started to use gold. Long story short we are going to need some time, and of course we are going to need technological literate people as well, older people are having a bit of a trouble about it currently. But in the future even older people will be capable of using it because we would be the old ones.
You state that widespread use of cryptocurrency will take some time. I see your point. However, I would argue that it is less about time and more about necessity, based on my own inflated sense of knowledge. Today's society embraces new technologies at a breakneck pace. You make a false comparison when you say that it took millennia for money to become widely used. Cryptocurrencies are not a new idea like money was. What we have now can be found in digital form.

I find it a terrible pill to swallow that you bring up the difficulties of the elderly. If the motivation is great enough, people of any age can change. I've witnessed seventy-year-olds learning how to use iPhones like it's nothing. If cryptos really prove to be as important as you claim, then its adoption would be inevitable across all age groups.

You are right, we should not compare the acceptance of money in the past and cryptocurrencies in the present. Cryptocurrency adoption will become faster if it really becomes important and gets government support. While cryptocurrencies are theoretically seen as the technology that will change the future of the financial industry, it is fair to say that it is only being used as a speculative tool, so the demand for it is not the spike is also understandable. Not everyone is passionate about investing, so for bitcoin to become globally popular takes much more time than we think.
indeed there are many cases around us who are reluctant to learn bitcoin because there is no regulation from the government, and that means they are not interested in investing and adopting it and learning about it. it is a natural thing, especially for the elderly, of course they choose a safe path. but we have to realize that the development of bitcoin adoption is slow due to the lack of support from the government, and I think if there is socialization from the government it will be easy to provide education, because as you said, even small children are good at using smart phones, and of course they will easier to teach him


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: wtsimis on July 07, 2023, 02:48:22 PM
Education and financial literacy play an important role in bitcoin adoption. Understanding the fundamentals of Bitcoin as a complex and evolving technology requires an understanding of aspects such as blockchain, cryptography and decentralization. Financial signatures are essential to responsibly navigate the world of cryptocurrencies and enable informed decisions about securing investments and managing digital assets. There are many communities in the world that still do not have internet connection. I think bitcoin education will help those communities learn about internet connectivity and bitcoin usage. Bitcoin education is not given much legitimacy by the government of most countries because the government is afraid of Bitcoin. The government feels that this leads to a higher likelihood of money laundering.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Dickiy on July 07, 2023, 03:01:40 PM
Advertising Bitcoin to someone that doesn't even have a internet will not work. I don't think you can just skip a level on technology adoption, if a group of people don't even have internet access it will be better to get them an internet access first, let them learn on how to use it, familiarize it. Then after it we can guide them to browse for information about Blockchain and Bitcoin.

Yes that's an exact statement, you said something very basic. It's impossible for them to know today's technology, especially cryptocurrencies if they don't have the internet as access to connect them. In fact, it is not uncommon for those who have sufficient internet access but do not know what cryptocurrency is, even though on the other hand this knowledge is very important and it would be nice if they could start investing because it would be very helpful in supporting their economic burden in old age. Lack of education in my opinion will not be a big problem for them to be successful here because in this modern era various knowledge is very easy to obtain, but it returns to each individual in taking advantage of an opportunity. I hope everyone will be aware of the various opportunities they can get and take advantage of in the investment world.

One of the factors regarding slow Bitcoin adoption is the lack of support from the government. If government encourages the use of Bitcoin, believe me, the bitcoin adoption will double at the rate at which it is going now.

Anyhow, this does not mean that knowledge and awareness should not be focused. I think everyone should take the responsibility to spread the word about Bitcoin to his near and dear ones. Also, I don't see that majority of the governments will regulate it anytime soon, it is only our efforts to bring as many people to Bitcoin as possible.

If the government legalizes its use, I think most people will find Bitcoin a good alternative, because as we know, there will be a lot of benefits for society if the government agrees to legalize it. I hope the government realizes what we really need in this increasingly sophisticated era.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: KiaKia on July 07, 2023, 03:46:09 PM
Good knowledge on bitcoin will help bring out a good practice,and practice brings experience. Bitcoin can be bought with very small amount of money and money shouldn't be the challenge to buy bitcoin.

As for people that lives in a remote area,they do have access to the internet because internet is part of our lives presently,so I don't think that this will be a problem for them. The best way the poor can invest on bitcoin is to look for a way to buy their bitcoin and just keep it in their wallets. If you are holding for long,you don't need to be checking your wallet often. It is just like you put in money into a fixed deposit.
Money is a big challenge for so many people in the world that investment seem impossible for them, there are people in the world that are hard-working but the responsibilities they carry leaves no room for any money going into any investment plans, don't say that money shouldn't be a challenge to buy Bitcoin, it's actually is.

The best way the poor can buy Bitcoin is to look for a way to buy Bitcoin and keep in their wallet? So how will the rich buy their own Bitcoin if not the same exact way? When you have an income problem you can only fix it by getting a better job that pays more or enough to cover all your expenses, that's when you will be able to put aside some money for investment.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Peanutswar on July 07, 2023, 03:53:01 PM
If you will explain to the people who are just new with the word of bitcoin they get ignore those because they don't know how does it works and what are the benefits of it but once they knew something that caught their interest they can now easily caught their attention because it's their ego to want to learn more. There's a lot of data in the internet just a click away to get the specific answer to your question reason so you can educate your self what are the perks of using It so you don't get left behind.


The best way the poor can buy Bitcoin is to look for a way to buy Bitcoin and keep in their wallet? So how will the rich buy their own Bitcoin if not the same exact way? When you have an income problem you can only fix it by getting a better job that pays more or enough to cover all your expenses, that's when you will be able to put aside some money for investment.

Bitcoin is not for the all people it's ideal only for the people who have the opportunity to have it. Poor people surely use those money to survive and not to create an investment. With the people who have a budget they can still survive plus their extra money can do an investment to risk.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: uneng on July 07, 2023, 03:58:10 PM
Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.
The best way to learn is on practice. Not everyone is able to absorb only theorical knowledge. I believe the right thing to do is to expose most people as possible to Bitcoin for real. I understand it's hard to do this at the present moment, since the most efficient tool to introduce new enthusiasts to BTC, which were faucets, is failed, but people can still invest some pennies of their local currencies on BTC, storage their coins inside a wallet and wait until seeing their holding grow in value. That will encourage them to invest more and more along the time.

However, they have to see practical benefits on it. They have to see it's an investment with superior potential when compared to the investments' alternatives they find at local banks. They have to see Bitcoin rises on long term, while their fiat currencies are eaten by inflation.

If Bitcoin doesn't change their lives, hardly ever they will continue enthusiasts of it futurely.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: bayudndy on July 07, 2023, 04:00:33 PM
I can imagine a number of stories and computers, internet, or phones,... to talk about the evolution of humanity in recent decades but it's clear we're generations of users. Using the results of the process of the above appearing, similar to bitcoin I understand many features that appear on it both in terms of technology or financial perspective, but knowledge with it is like a vast ocean and people will find its own value in accordance with their lives. Even in my daily life I can't talk about bitcoin with my 70+ year old grandmother, nor some relatives, so the audience we want to convey information to is not always present. Now, maybe I've simply heard about it but haven't bothered to see what it is and it's a fact that goes around for me.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: SmartCharpa on July 07, 2023, 04:38:30 PM
Some people don't care about Bitcoin because they don't understand how
It works and how it is, and I have made it an obligation to help people that I tell about Bitcoin, that has found it interesting to reach the extent of comprehending what Bitcoin is, and also make them know that the technology has come to stay, irrespective of the availability of cash for investment, acquire the knowledge.

That was a wise choice you made, so if there is anything in life that can help everyone achieve their goals, we shouldn't be so selfish as to keep it from them. For example, there are many people who would really like to invest in bitcoin but don't know much about it or the existence of this forum. If we have any friends who have this desire, it would be a good idea to introduce them to bitcoin.

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
So the other stuff which is money becomes secondary, continue pushing, any day you get the funds to invest in your own time, stop limiting yourself by not being prepared before the money comes will be considered as the greatest mistake, be yourself don't be in a hurry more things may unfold before you invest maybe you might be lucky bitcoin for one bitcoin for everyone.
Yes, we shouldn't be too anxious to advance beyond our capabilities. For instance, someone who has recently joined this forum might feel the need to rank up quickly without contributing or doing any research on bitcoin to produce a good quality post. If we continue to put in the effort, everyone will start to have money to invest in bitcoins with the amount they can personally afford.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Wind_FURY on July 07, 2023, 04:52:50 PM
It's really important not to oversell Bitcoin because that can cause a lot of negative reactions from people and associations with scams, Ponzi schemes that people promote because they really need others to join.

If there's a community that doesn't have the Internet connection, I think working on providing that connections and helping to learn the basics of using the Internet. Such people don't need to learn about Bitcoin unless they're really interested because first things first.

As for knowledge not being a waste, even if a person doesn't have enough money to invest into Bitcoin, I agree with the op on that.


In the context of "not overselling" to onboard people, it's also very important to tell people Bitcoin's limitations and how ownership of Bitcoins require total responsibility from the person himself/herself. Lose your keys, then you lose your Bitcoins. ¯\_(ツ)_/¯

People should be ready to take responsibility to own their first coins because if they can't, they shouldn't own Bitcoin OR they should probably start wih a very small amount.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: 2girls on July 07, 2023, 04:59:44 PM


We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.


You are  right that no knowledge is wasted. Whatever knowledge is learned about it is definitely useful. There is no doubt that money is very important to invest in the crypto currency market. Even at the current price of Bitcoin there are many people who cannot buy Bitcoin.

Anyone who knows the utility of Bitcoin will definitely want to have Bitcoin in their portfolio. Even if one does not have capital, one should continue to try to gain knowledge and experience about Bitcoin and Crypto currency, because experience and knowledge is very important component before making any investment. By having complete knowledge and experience about Bitcoin, you can also provide information about Bitcoin to other people, and after the money comes you can make a great investment in Bitcoin.



Title: Re: Education and money as the key to Bitcoin adoption.
Post by: taufik123 on July 07, 2023, 05:08:34 PM
In the context of "not overselling" to onboard people, it's also very important to tell people Bitcoin's limitations and how ownership of Bitcoins require total responsibility from the person himself/herself. Lose your keys, then you lose your Bitcoins. ¯\_(ツ)_/¯

People should be ready to take responsibility to own their first coins because if they can't, they shouldn't own Bitcoin OR they should probably start wih a very small amount.
The first education should be on how to secure their wallet's private keys.
Because beginners can buy a lot of Bitcoin with their savings and even become big investors but still lack the security knowledge that must be done.

Many can buy it, but few can keep it safe.
Maybe buying small amounts first like you said would be a good experiment, because while learning how to invest in Bitcoin properly and safely.

-snip-
By having complete knowledge and experience about Bitcoin, you can also provide information about Bitcoin to other people, and after the money comes you can make a great investment in Bitcoin.

But never give investment advice to others even if you understand Bitcoin.
Because investment advice will backfire when the advice is wrong and results in other people's losses.
Providing information may be just general knowledge about Bitcoin and what are the benefits and risks.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Silberman on July 08, 2023, 03:57:01 AM
It's true that most people's inability to grasp and appreciate Bitcoin is a bigger barrier than their lack of financial resources. As a group, we need to work tirelessly towards the common objective of Bitcoin education.

It is essential to offer a whole picture of Bitcoin, not simply the positives. The decentralisation of Bitcoin's monetary system is really revolutionary, yet the cryptocurrency is not without its flaws. The dangers of unchecked markets and its use make it a two-edged sword.

While lack of Internet connectivity is certainly a hindrance, it is not insurmountable. Smartphones in particular are becoming more commonplace all across the world. Literacy in Bitcoin might be promoted even in locations with minimal connection with the use of cheap data subscriptions and instructional applications.
I think we are reaching the point in which the lack of financial resources is a bigger barrier to entry than lack of awareness, after all with how common is now to have access to the internet a great deal of people are aware that bitcoin exist, and they may have even investigated a little bit on their own about what is about, however most people do not have the money to invest in it, whether this is because they have too many debts, they do not earn enough money or they have many expenses they simply lack the means to enter this market.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Wind_FURY on July 10, 2023, 11:33:53 AM

In the context of "not overselling" to onboard people, it's also very important to tell people Bitcoin's limitations and how ownership of Bitcoins require total responsibility from the person himself/herself. Lose your keys, then you lose your Bitcoins. ¯\_(ツ)_/¯

People should be ready to take responsibility to own their first coins because if they can't, they shouldn't own Bitcoin OR they should probably start wih a very small amount.


The first education should be on how to secure their wallet's private keys. Because beginners can buy a lot of Bitcoin with their savings and even become big investors but still lack the security knowledge that must be done.

Many can buy it, but few can keep it safe. Maybe buying small amounts first like you said would be a good experiment, because while learning how to invest in Bitcoin properly and safely.


That's expected.

The actual point of my post was for the newbie's willingness to be personally responsible for absolute control of his/her own wealth. Because if a newbie is repelled by the fact that he/she could really lose his/her whole savings if he/she HODLed them in Bitcoin, then that person probably shouldn't own Bitcoin yet.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: franky1 on July 10, 2023, 01:13:09 PM
also worth noting that people should make themselves aware when idiots promote offramps to other systems and processes that give other people middlemen control and decision making permissions of payment transfer.. and avoid idiots that try to suggest that these other systems are better versions of bitcoin



Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Lida93 on July 10, 2023, 02:13:52 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
If we chronicles through the years from 2009 to date 2023 (two decades) we can see a magnificent growth in it's adoption. There's no country in the world that bitcoin is not known or spoken of mindless of any restrictions or ban policies from the government of such country. One of the major challenge the spread of bitcoin is facing is not the literacy/educational  aspect as there are individuals that have heard  about bitcoin but don't have the financial power to invest in the project since when they were told.

I had a personal encounter with a stranger in a public bus sometime ago, normally am not part of those that go around preaching to people about bitcoin as a way to avoid unnecessary blames thereafter. But I was moved to talk a little about bitcoin to the stranger sitting next to me in the bus that faithful day. What struck me was when after our little chat was his response," I'll have loved to give it a try but I just don't have extra finance to invest".

Many people are battling to survive with the little that comes in handy, and it's only when you have gotten more than enough that's when you can buy the idea of investment. Unavailability of money is a big barrier to bitcoin adoption  than lack of education.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Wildwest on July 10, 2023, 02:49:29 PM
To run a business or investment we must be able to undergo a way that has been applied to be successful in investing, especially in the world of bitcoin, so we must first learn how not to be easily fooled by certain offers that give us the lure to get bitcoin for free, this is very much a lot of new users who are tempted, and they cannot get back the capital they have spent, So even though we have a lot of money or capital without learning the method first is a big mistake, so if you want to invest then learn first about the use of Bitcoin.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Patrol69 on July 10, 2023, 02:52:23 PM
It is not your responsibility that you have to make your campaign about Bitcoin to increase the popularity of Bitcoin already a lot of people are involved with Bitcoin and Bitcoin is very popular. If someone asks you about Bitcoin, you can tell them about Bitcoin but you don't need to advertise. You may campaign positively about bitcoin but many people will not take your campaign well. If you try to convince people who don't understand about it, they will express bad comments against you because those who don't know about it no matter how good it is. That thing will never go over well.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: CryptoHeadlineNews on July 10, 2023, 04:26:36 PM
Over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
Yes, I agree with you that before money, having the basic knowledge of what you intend to invest in is very important, as the more knowledgeable you are, the more likely you are to make the best decision in your intended investment, which is why I always tell people who are interested in learning about Bitcoin to first start from getting conversant with it's basic features such as being decentralized, volatile and an independent digital money, e.t.c.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Yatsan on July 10, 2023, 04:35:54 PM
Adoption by People, yes, but with governments that would be regulation. Indeed knowledge is a must if we want to spread awareness in this technology but problem is not all people are just interested with this industry. Even aware individuals are not into cryptocurrency and that is by personal preference especially in an investment. Likewise with financial capacity to invest; money is indeed a necessity. But as I have mentioned these two are not enough for adoption to happen. It qill take another factor which is majority's initiative to accept and utilize usage of this blockchain with payments and by other means.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: umbara ardian on July 10, 2023, 04:46:26 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
Knowledge is not wasted, it should be treasured. Whether you have enough money to invest in Bitcoin or not, being knowledgeable about it will help you understand blockchain technology, the potential and risks associated with digital currency, and the development of the cryptocurrency market. Updating and expanding your knowledge is always a good investor in yourself. In addition, we should create a positive educational and information exchange environment while protecting individual rights and not forcing anyone to accept or use Bitcoin against their will.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: PeRo on July 10, 2023, 04:52:03 PM
I think that the Bitcoin community is actually where it should be in terms of adoption. Even though everybody likes to see Bitcoin grow more and more mainstream, maybe it should stay in some circle of people - not a small, closed circle but it definitely isn't for everyone and anyone. Mostly, people who are into tech or investments at some level are surely interested about Bitcoin and will definitely consider investing or using it so there is a kind of a targeted community(of course, it isn't the case with every user).

The ones that aren't that much informed or interested wont use it, so they filter themselves. Of course, we should help educate the uninformed but without pressure and then they will decide whether they are actually interested or not. So to sum it up, I would say we are doing everything in our hands and we should continue this way without added pressure.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Ojima-ojo on July 10, 2023, 05:12:05 PM
I think we are reaching the point in which the lack of financial resources is a bigger barrier to entry than lack of awareness after all with how common is now to have access to the internet a lot of people are aware that Bitcoin exists, and they may have even investigated a little bit on their own about what is about, however, most people do not have the money to invest in it, whether this is because they have too many debts, they do not earn enough money or they have many expenses they simply lack the means to enter this market.
You are right in many ways because when we talk about Bitcoin education all that is needed is a mobile device with an internet function,  this is very simple and Bitcoin educational materials are readily available for everyone to study and have practical involvement at will.


Quite alright the technical aspects that have to do with codes and development require special training but not everyone needs that,  as an investor what is needed is the financial resources and there is no substitution to that on lack the knowledge that we can get it for free but we all need both knowledge and the funds to build a stable financial future.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: JunaidAzizi on July 10, 2023, 05:33:11 PM
Unavailability of money is a big barrier to bitcoin adoption  than lack of education.

Well, you are saying it right, but up to some extent money is not that much obstacle in investing in Bitcoin The actual problem is a lack of education and awareness about Bitcoin if a person has much money but has not been educated on how to invest or when to enter and leave than how he will gain profits instead he will be losing his all asset, on the other hand, if a person has education but have not much money then he will arrange money from somewhere where he has most hopes and invest it in bitcoin than soon he will be ragain the invested money and will return it to the person from where he holds it, As Warn Buffer says, the more you learn, the more you earn. So according to my advice, education is far more important for investment than money.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: SOKO-DEKE on July 10, 2023, 06:29:46 PM

Yes, I believe that the adoption of bitcoin depends heavily on both education and money. The latest technological advancements will be utterly invisible to someone who lacks knowledge, and they will struggle to comprehend them despite all attempts to explain that to them. Money is still another major barrier to widespread acceptance of Bitcoin since, despite their best efforts to listen, those who lack the money will find it difficult to use the technology owing to their limited resources.

please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.

It is not when we have money that we should be looking for knowledge. Having knowledge before getting money to invest always comes with a great of help because it will make us have good plans,but when money comes, some people find it hard to plans well or learn very well. So having no money to invest in Bitcoin discourages us from learning about Bitcoin technology.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: BigBos on July 10, 2023, 06:32:12 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
Such actions are not too bad but doing things like this by making continuous movements to remind and inform about the understanding of bitcoin is not as easy as imagined especially to new people who are still there who have never even heard of what bitcoin is.
I personally prefer to convince myself before others because what we do and think we are right is not necessarily in the eyes of others it is also true.
Indeed, things like this will be useful for the continuity of bitcoin and greater adoption but besides that we also need to upgrade ourselves if we really want to do learning to others.
I still don't fully know how bitcoin as a whole and I also don't want to do something that is not in accordance with my qualifications because my understanding may still be low.
We need to strengthen ourselves first so that we are not wrong in teaching others because if we make mistakes and teach others, others will automatically become wrong.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Lida93 on July 10, 2023, 07:47:21 PM
Unavailability of money is a big barrier to bitcoin adoption  than lack of education.

Well, you are saying it right, but up to some extent money is not that much obstacle in investing in Bitcoin The actual problem is a lack of education and awareness about Bitcoin if a person has much money but has not been educated on how to invest or when to enter and leave than how he will gain profits instead he will be losing his all asset, on the other hand, if a person has education but have not much money then he will arrange money from somewhere where he has most hopes and invest it in bitcoin than soon he will be ragain the invested money and will return it to the person from where he holds it, As Warn Buffer says, the more you learn, the more you earn. So according to my advice, education is far more important for investment than money.
First of all, I'll sound it as a caveat, don't borrow money from anywhere to invest in bitcoin it's never advisable based on the volatility risk involved.

However, I still hold my stand that money is of more essence to education in the adoption of bitcoin. You can be educated about bitcoin and don't have the money to use the bitcoin education to your benefit, of what use would such knowledge be to you when it's not yet creating asset to you. Not until you have money to invest the education becomes idle and of no use.

See it this way, Mr A, has bitcoin education but no money at all to invest. That alone could be a discouragement to the next man who wanted to learn but remembered he has no money to invest same like Mr A. Then just imagine in the opposite direction about the next man with money to invest already available but just waiting to be educated about bitcoin. What do you think would be his next move after been educated?


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: The Cryptovator on July 10, 2023, 08:04:40 PM
Starting any business, whether in real life or with Bitcoin, requires a combination of knowledge and financial resources. Both elements are essential for success. Without knowledge, money alone is insufficient, and without money, knowledge alone cannot enable you to initiate a business venture. Therefore, the same principle applies to Bitcoin. Engaging in Bitcoin investments requires both expertise and capital. It is crucial to educate oneself about Bitcoin, particularly its technical aspects, in order to effectively embrace the technology and capitalize on its potential for financial gain. Neglecting this educational aspect may lead to regrettable consequences down the line.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Natalim on July 10, 2023, 08:32:41 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

...

The sad thing is that many people know about Bitcoin but only a few gain interest while many of them just ignore it. It is important to have a proper education about crypto but also, it was very important if that person had an interest in this. Indeed, we can't force someone to adopt and use Bitcoin as currency, it was their choice either but somehow, correcting them with their negative views could help and enlighten their thinking and would possibly change their mind.

Honestly, convincing people was hard and we can't expect them to change right away but once seeing it was been used by others, this will also boost their trust and confidence.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: bitzizzix on July 10, 2023, 08:42:12 PM
I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: serjent05 on July 10, 2023, 08:49:36 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts
I don't need to understand technical things of Bitcoin, its open source code to use it. If you want to use it, it's simple than you think. If you want to use it more effectively, learn a little bit. If you want to engage in development, learn to code with deep technical knowledge. Different Bitcoin enthusiasts, different needs and different approaches.

We still need to understand the basic procedure of Bitcoin.  Because without knowing the basic technical aspect of Bitcoin, we will be worrying for nothing.  Like when your transfer is delayed, you might be worrying to death especially when you send a huge amount of BTC if you don't know about the transaction fee charges and the CPNP and RBF that will enable us to hasten the confirmation of our transaction if we accidentally send the transaction with minimal fee.

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We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
You can learn with Bitcoin Testnet, use Bitcoin Testnet if you want to understand it, practice with its testnet blockchain before use it on the main chain.

This is a great advice which many of us forgotten.  Most of us does not bother to use the Bitcoin testnet and immediately jump to the main net and do transactions.

You don't need to have money, it is not a mandatory requirement. If you have knowledge and skills, you can work to get bitcoin. You don't even have to spend money to buy it. Using money to buy bitcoin is only one of many options. Besides using your knowledge, skills about Bitcoin to work and get it, you can get it if you have a small business, a grocery and accept Bitcoin from your customers.

Money is the mandatory requirement if a person wanted to invest in Bitcoin.  Even if he wanted to invest in knowledge, a person needs to buy the necessary devices to learn and process  Bitcoin.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: hannahB4 on July 10, 2023, 09:12:42 PM
When I joined this forum in 2017, I didn't join with any money with me, as I was still an undergraduate but my mentor introduced me to this forum knowing that and things were pretty good then because I joined many airdrops and did many signatures for a year which earn me five figures as at then before I sold the coin to invest in bitcoin. It's a matter of diligence, money will come and you will invest.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: AmoreJaz on July 10, 2023, 09:35:23 PM
Starting any business, whether in real life or with Bitcoin, requires a combination of knowledge and financial resources. Both elements are essential for success. Without knowledge, money alone is insufficient, and without money, knowledge alone cannot enable you to initiate a business venture. Therefore, the same principle applies to Bitcoin. Engaging in Bitcoin investments requires both expertise and capital. It is crucial to educate oneself about Bitcoin, particularly its technical aspects, in order to effectively embrace the technology and capitalize on its potential for financial gain. Neglecting this educational aspect may lead to regrettable consequences down the line.


that is true, bitcoin market is no different with other businesses. and every business you want to venture with, you definitely need to do your due diligence before you start spending money on any of it. because if you invest blindly, the likelihood of losing it is high.
and when it comes to bitcoin adoption, people are heading that way already. as they are seeing feeds about crypto, bitcoin, doge and other alts in social media platforms, some are getting curious and try to learn about it. education is the key to understand what's going on here and not be ignorant about the facts.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Dzwaafu11 on July 10, 2023, 09:47:46 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

What you mentioned are not the major challenges of bitcoin right now, and for everyone who wants to invest in bitcoin, the technical aspect of bitcoin is not necessary for them, and those who want to use bitcoin for transactions still don't need the technical aspect, in my opinion. What this type of person wants is just a little knowledge about bitcoin; for investors, what they need is how the market operates and some other key knowledge about it, how they store their bitcoins, and also the risks involved. However, do you know that the technical aspects of bitcoin can discourage someone from investing? The fact that some people don't like stress and some wealthy men today also like to invest in bitcoin means that they don't have time to focus on the technical aspects of bitcoin.
 
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even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

Money is crucial to investing; in fact, you can't do it without it. However, if a person is prepared to invest in bitcoin and other crypto currencies, they can do so. If you are prepared to invest, you can earn money in these forums and use it to buy bitcoin. Many of us arrive at the forum with no money to invest, but we have hodl some bitcoin today. We will use the money we have here to invest in bitcoin instead of using it for our everyday expenses.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Alpha Marine on July 26, 2023, 08:36:17 PM
Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

There's a difference between hearing about Bitcoin and understanding what it is. There's also a difference between understanding what Bitcoin is and using Bitcoin. There are those who understand it, yet are still against it.

I agree that a lot of people that use the internet have heard of Bitcoin, but a very good number of them have the wrong idea about Bitcoin. Some see it the way people see stocks in those days; an investment that only the rich can partake in.
Some don't even know that it's a currency. It was sold to them as something they can invest in and get profit within a certain period.

I believe Bitcoin can do better in terms of adoption , but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: JoyMarsha on July 26, 2023, 11:13:18 PM
Unlike what many people always say, I personally think that bitcoin is doing great in terms of adoption. Rarely will you see anyone who uses the internet that have not heard about Bitcoin. Many people have heard about bitcoin and many also understand that bitcoin is not scam.

Talking about technicality of bitcoin, it is true that not everyone understands the technical aspect of bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin in order to invest in it. Knowing how to send and receive bitcoin is OK for anyone who wants to invest in bitcoin.
Correct. In addition to that, If you can know how to invest with the amount you can afford to lose, knows how to be a patient investor, know how not to be moved by the bitcoin price, knows when to apply a DCA strategy, and also has a long term investment plan of bitcoin. That will be more okay for someone who wants to go on with bitcoin investment.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Wend on July 26, 2023, 11:39:26 PM
...snip...but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.

In addition to many people's illusion that bitcoin will soon be accepted globally. Many people are still delusional and spreading false information about bitcoin like it is a tool to help alleviate poverty, reduce unemployment or will help the world economy prosper...too much exaggerated news is unnecessarily being spread. I think this also contributes to the fact that many people understand bitcoin well but still hate it because they are realists and like the truth. We spread misinformation like we are turning bitcoin into a Ponzi scheme that makes many people dislike bitcoin, dislike bitcoin community.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: n0ne on July 26, 2023, 11:51:18 PM
...snip...but I also believe it's doing relatively well, because I know stuff like this takes time but we should also not delude ourselves into thinking Bitcoin will be accepted globally anytime soon. We just have to keep playing whatever small part we're playing however insignificant it might seem.

In addition to many people's illusion that bitcoin will soon be accepted globally. Many people are still delusional and spreading false information about bitcoin like it is a tool to help alleviate poverty, reduce unemployment or will help the world economy prosper...too much exaggerated news is unnecessarily being spread. I think this also contributes to the fact that many people understand bitcoin well but still hate it because they are realists and like the truth. We spread misinformation like we are turning bitcoin into a Ponzi scheme that makes many people dislike bitcoin, dislike bitcoin community.
In one part of the world things were taking place with the positive news about bitcoin getting shared whereas in the other side the negative thing is happening around. As said this can be kept in control only through the proper awareness and education that lets people to understand the real purpose for which bitcoin existed and how good it is getting used around.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Fullcoinese on July 27, 2023, 12:00:47 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

as you mentioned there are many background issues that cause someone still doesn't understand Bitcoin. then there is another thing, namely the prohibition of the use of Bitcoin by the government will also discourage someone from learning Bitcoin as well.
teaching and introducing Bitcoin is fine as long as we have to make sure we are capable and have good knowledge first before preaching about Bitcoin to others and we have to have a mature and structured plan to introduce Bitcoin not just introduce it then after that there is no further Again.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: isaac_clarke22 on July 27, 2023, 12:05:37 AM
~
Well there were news that some schools and universities are now adopting courses for blockchain as well as crypto. It's a good curriculum actually for Economics subject. Stuff like Bitcoin can be taught anyway, but it would help to still self study it since resources out there are free anyway.

It's just like learning hobbies that you aren't naturally good at. Courses out there in Youtube are free. If I would be given a choice in earning another Bachelor Degree specializing in Economics with curriculum of Bitcoin written into it or just learning Bitcoin around the internet, I would prefer just doing it via the internet.

 


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Afnan_faizah on July 27, 2023, 01:04:46 AM
When there is a need then there is business opportunity, Cryptocurrency related company can help those people who don't have access to internet by build infrastructure and help them to get education that they need. This kind of CSR will benefits the company a lot. the company will gain popularity and environment to grow it's business. if the problem is related to infrastructure, it seems that it can not be solved by individual person. it's must be a big legal group so they can cooperate with the government. but every effort is meaningful, it's better than didn't do anything.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Stella Mese on July 27, 2023, 01:24:12 AM
When I joined this forum in 2017, I didn't join with any money with me, as I was still an undergraduate but my mentor introduced me to this forum knowing that and things were pretty good then because I joined many airdrops and did many signatures for a year which earn me five figures as at then before I sold the coin to invest in bitcoin. It's a matter of diligence, money will come and you will invest.

yes, perseverance is one of the requirements to become a good btc investor, with perseverance someone will certainly have the opportunity to be successful in the future. but of course money is really needed in investing in btc because many people who invest in btc have failed but that person learned from the experience of his failure and finally he managed to become a successful investor because he learned from his experience. so in this case experience is also very necessary.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: tread93 on July 27, 2023, 02:51:34 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.

Some people don't care about Bitcoin because they don't understand how
It works and how it is, and I have made it an obligation to help people that I tell about Bitcoin, that has found it interesting to reach the extent of comprehending what Bitcoin is, and also make them know that the technology has come to stay, irrespective of the availability of cash for investment, acquire the knowledge.

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
So the other stuff which is money becomes secondary, continue pushing, any day you get the funds to invest in your own time, stop limiting yourself by not being prepared before the money comes will be considered as the greatest mistake, be yourself don't be in a hurry more things may unfold before you invest maybe you might be lucky bitcoin for one bitcoin for everyone.


Ah yes, was just discussing this idea with another forum member. There definitely needs to be a better education of bitcoin, a timeline and layout of important events that have transpired, and so much more is crucial to maximizing adoption. There are a lot of ways to do this, which way is best and who can come up with it is the question. Hopefully we will see something good develop in this regard in the future 👍


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: bayu7adi on July 27, 2023, 05:46:42 AM
When there is a need then there is business opportunity, Cryptocurrency related company can help those people who don't have access to internet by build infrastructure and help them to get education that they need. This kind of CSR will benefits the company a lot. the company will gain popularity and environment to grow it's business. if the problem is related to infrastructure, it seems that it can be solved by individual person. it's must be a big legal group so they can cooperate with the government. but every effort is meaningful, it's better than didn't do anything.
In this relatively small cryptocurrency realm, providing substantial initial support proves to be exceedingly challenging. Both internet infrastructure and cryptocurrency operations entail significant costs. As long as education about cryptocurrencies remains unevenly spread, these infrastructural elements won't effectively serve as supportive tools.

In certain countries, cryptocurrency start-ups face a lack of trust from the government, which indeed poses a major obstacle for those seeking to contribute to the world of cryptocurrencies.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Questat on July 27, 2023, 11:42:48 AM
I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.
In addition to this, many people proclaim themselves as an expert and created their own assumptions which also arises confusion and doubts. While there is a contradict opinions on the internet, we can still see people remain doubtful and ignore Bitcoin. And as long as scams still happening, the more it thinks that Bitcoin is not safe and is a scam thing.
It could be a proper education could help it out but I can't think it really convince everyone to adopt, some will still low and remain on fiat money.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: fuguebtc on July 27, 2023, 01:49:04 PM
I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.
In addition to this, many people proclaim themselves as an expert and created their own assumptions which also arises confusion and doubts. While there is a contradict opinions on the internet, we can still see people remain doubtful and ignore Bitcoin. And as long as scams still happening, the more it thinks that Bitcoin is not safe and is a scam thing.
It could be a proper education could help it out but I can't think it really convince everyone to adopt, some will still low and remain on fiat money.

Lack of education or too many scams are among the reasons many people stay away from bitcoin. But in my opinion, education or money is not the main key for people to accept bitcoin. I have always held the view that if the government legalizes bitcoin and allows people to use it to the fullest extent, then bitcoin adoption can happen quickly. Governments are key in helping bitcoin achieve global popularity. Education will also be ineffective without government approval.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: xSkylarx on July 27, 2023, 02:03:44 PM
I'm sure everyone knows about bitcoin because nowadays there are a lot of advertisements on social media, television and so on and maybe because they don't understand how it works.
and this being the main reason why they don't buy bitcoin is the confusion and lack of understanding of bitcoin and the main finding is that having basic crypto knowledge is the most likely driver of adoption.
so education is a major factor and this cannot be found in school or anywhere else, and the self awareness to find and learn it on their own will allow them to use their money to buy bitcoins after realizing that bitcoin is the best investment and also the safest.
and in my opinion from time to time many bitcoin user investors continue to improve and develop, so let bitcoin run as it is because in the end everyone gets involved after realizing and finding their own way to educate about bitcoin as a whole and get involved.
In addition to this, many people proclaim themselves as an expert and created their own assumptions which also arises confusion and doubts. While there is a contradict opinions on the internet, we can still see people remain doubtful and ignore Bitcoin. And as long as scams still happening, the more it thinks that Bitcoin is not safe and is a scam thing.
It could be a proper education could help it out but I can't think it really convince everyone to adopt, some will still low and remain on fiat money.

Lack of education or too many scams are among the reasons many people stay away from bitcoin. But in my opinion, education or money is not the main key for people to accept bitcoin. I have always held the view that if the government legalizes bitcoin and allows people to use it to the fullest extent, then bitcoin adoption can happen quickly. Governments are key in helping bitcoin achieve global popularity. Education will also be ineffective without government approval.

Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Blitzboy on July 27, 2023, 08:19:34 PM
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Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.
Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: serjent05 on July 27, 2023, 09:34:18 PM
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Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.
Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.


Yeah, government regulation is one of the great challenges of Bitcoin adoption.  But it looks like the path for Bitcoin adoption is somehow clear now because there are politicians who intend to back up Bitcoin and one US presidential candidate even wanted to make Bitcoin as back up to the dollar.  If this happen I could not imagine how huge the market will be boosted.

Although Bitcoin had been tarnished by being used in illegal activity before, Bitcoin blockchain being transparent gives light that it is very risky for criminals to use it for their illegal engagement.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Hypnosis00 on July 27, 2023, 09:39:16 PM
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Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.
Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.

Well, so many factors that affect adaptation and yes, the government has a big role to help. Their support is very important as that will also encourage their citizens to adopt but in the situation that they never see the interest of their leaders, I don't think they really have the courage instead, they will just ignore it. Because it was useless to learn crypto if the government is against it. This is why people have taken their options based on what they think could help them in the future or that might give them a problem when strict rules are implemented.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: lalabotax on July 27, 2023, 09:44:22 PM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,
The need for more in-depth knowledge of Bitcoin and cryptocurrencies before deciding to invest is indeed very important. And this is one of the initial capital to go to a healthy investment. I say a healthy investment because with qualified knowledge, we will become more alert, wise, and also smart in deciding where we will invest, how much, and also for how long we will invest in Bitcoin or other crypto. This will really affect the result.

However, in reality this is not the case now. Those who still lack literacy, knowledge, and also the ability to do so, actually boldly put their money directly into investing, without really understanding what to invest and what the mechanism is so that they can really get results.



Title: Re: Education and money as the key to Bitcoin adoption.
Post by: usekevin on July 27, 2023, 09:58:48 PM
The need for more in-depth knowledge of Bitcoin and cryptocurrencies before deciding to invest is indeed very important. And this is one of the initial capital to go to a healthy investment. I say a healthy investment because with qualified knowledge, we will become more alert, wise, and also smart in deciding where we will invest, how much, and also for how long we will invest in Bitcoin or other crypto. This will really affect the result.

However, in reality this is not the case now. Those who still lack literacy, knowledge, and also the ability to do so, actually boldly put their money directly into investing, without really understanding what to invest and what the mechanism is so that they can really get results.


Bitcoin is best crypto currency,So no need to do background verification about the bitcoin investment.The only thing need to verify is the buying exchange is trusted or not.Because many exchanges are fake now,buying crypto currency and holding it in the trusted crypto exchange is more important now a days.If you are investing more then 1k dollars in bitcoin,you can move your bitcoin to cold storage after buying.Because all know the story of FTX and it scam the people who hold their bitcoin.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Franctoshi on July 27, 2023, 10:05:52 PM


Talking about the technicality of bitcoin, it is true that not everyone understands the technical aspect of Bitcoin but the most important thing is that you do not need the technical knowledge of bitcoin to invest in it. Knowing how to send and receive Bitcoin is OK for anyone who wants to invest in Bitcoin.

Yes, one can invest in Bitcoin without technical knowledge but I prefer having the technical basics of Bitcoin, however one must have good knowledge and must understand how Bitcoin is run. If you should invest. Though, if you got the technical skills that is fantastic and a bonus as an investor, Because you will not rely on anyone to tell you what to do at any given time.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Bushdark on July 27, 2023, 10:34:08 PM
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Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.
Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.

Some of the things that will aid adoption of Bitcoin is not education because I believe people can read and will always ask others about what Bitcoin is and how to use it. The government are the only challengewithdras we are facing as the adoption of Bitcoin is being altered by them. If the government will support the existence of Bitcoin without any form of regulating the market then things will be easy and better for everyone that are coming to the crypto market to be an investor.

Many persons are ready to adopt the use of Bitcoin if the government can withdraw there restrictions on the use of Bitcoin by there citizens for transactions and paying it bills. When this is done and the government no longer have policies that halt the existence or strict manipulation of the market, then everything will be okay.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: GiftedMAN on July 27, 2023, 11:15:22 PM
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: taufik123 on July 27, 2023, 11:38:47 PM
-snip-
Many persons are ready to adopt the use of Bitcoin if the government can withdraw there restrictions on the use of Bitcoin by there citizens for transactions and paying it bills. When this is done and the government no longer have policies that halt the existence or strict manipulation of the market, then everything will be okay.
To you, it might be fine, but to the government, it's a threat because they don't have full control over the adoption of Bitcoin.
If Bitcoin is made legal tender, then the government will have to work hard to see who is participating in Bitcoin transactions, which will not be easy to do.

Many people may want to adopt bitcoin, but if government regulations do not allow it then it will only stop at official government regulations.
In some developing countries adoption is not fully carried out, such as in the country I live in Indonesia, Regulation is only a commodity tool and cannot exceed these rules. But even so, it has become enough regulation for crypto users, rather than being banned completely like in China.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Bitcoin_people on July 28, 2023, 03:30:41 AM
In the present era, the education condition of various countries is not going very well due to which the lack of knowledge has appeared.  Bitcoin is currently in a position that is encouraging for people. In the society where I live most of the people are educated but they invest in various online and casino sites to earn money due to lack of jobs. And most of them have acquired some knowledge about Bitcoin and they are very aware of Bitcoin. Currently people in my area have gained good knowledge about Bitcoin and they are interested to invest in Bitcoin considering the whole aspect of Bitcoin.  People who have chosen Bitcoin to improve their future, their assets will become a valuable key to earn money in the future. In today's era bitcoin education is definitely needed by all people but they can keep up with the technology. People are currently able to gain knowledge about Bitcoin in various ways to make their investment and after gaining experience they invest in Bitcoin. And this money investment will play a bright role for their future.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: LittleBitFunny on July 28, 2023, 04:59:41 AM
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.

I also think so, awareness is not the main issue in accepting bitcoin, the biggest obstacle that bitcoin faces is none other than government, politicians. They are the heads of a country, many do not want to go against the government. But I don't think most people consider bitcoin a scam. People's perception of bitcoin has changed for the better in recent years. Like my parents knew about bitcoin because they saw how I made money from it, they knew it wasn't a scam as many others told them. But because of its volatility, they fear and feel they are not suitable for it.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: BlackBoss_ on July 28, 2023, 05:24:13 AM
To you, it might be fine, but to the government, it's a threat because they don't have full control over the adoption of Bitcoin.
If Bitcoin is made legal tender, then the government will have to work hard to see who is participating in Bitcoin transactions, which will not be easy to do.
I care more about Bitcoin adoption than Bitcoin legal tender. You don't need Bitcoin legal tender to use it and what you need is less than that, just no prohibition against Bitcoin and payment, capital transfers through Bitcoin network, it's enough for adoption.

Quote
Many people may want to adopt bitcoin, but if government regulations do not allow it then it will only stop at official government regulations.
In some developing countries adoption is not fully carried out, such as in the country I live in Indonesia, Regulation is only a commodity tool and cannot exceed these rules. But even so, it has become enough regulation for crypto users, rather than being banned completely like in China.
Governments only have enough power to do all regulations they want if they are governments from dictatorships. In Western countries, you nearly won't have such governments and I am positive for the future of Bitcoin adoption. Citizens will fight for their freedom and they can do that, Bitcoin and citizens will have mutual relationship and will benefit with each other.

Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.
We need more accurate education resources to enlighten them but we must be realistic that information will have two types, accurate and inaccurate, we can not kill all inaccurate information. As information receivers, people must have been educated enough, have enough skills to filter information and choose right one to use. It's their responsibility, not ours.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Fuso.hp on July 28, 2023, 06:08:58 AM
Education is of immense importance at every point of life. Technical knowledge, educational qualifications should be possessed by every human being. If every person has educational qualifications or technical knowledge, then that person can achieve a lot of success in life. A person must have educational qualifications to get involved with Bitcoin. Maybe you don't have to submit your certificate here but to know all the topics in forum or to know bitcoin well you must have educational qualification, if you don't have educational qualification then you won't understand these things. Without educational qualification along with technical knowledge it is impossible to conduct various Bitcoin related activities through technology so every person must have technical knowledge along with educational qualification.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Comingdown on July 28, 2023, 06:25:42 AM
Lack of education, technical knowledge, and awareness has been the major challenge for Bitcoin enthusiasts, it is high time we kick-start the mass eradication of Bitcoin illiteracy in our society, preach about Bitcoin, but don't force it on anyone,

This group of people might not have access to an internet service to get involved in this technology or even funds to invest but for sure many of them want the knowledge to prepare them for future possible investments.

In the absence of internet service the diagrammatic explanation of how the technology works can also help locally.

Generally, the teaching of system transparency may encourage mass adoption when the example is been shown practically.
Some of us never thought of being where we are today in the Bitcoin world, but because of the knowledge we got on how reliable, fast, and decentralized Bitcoin is, we tried and it worked perfectly as we expected.

Some people don't care about Bitcoin because they don't understand how
It works and how it is, and I have made it an obligation to help people that I tell about Bitcoin, that has found it interesting to reach the extent of comprehending what Bitcoin is, and also make them know that the technology has come to stay, irrespective of the availability of cash for investment, acquire the knowledge.

We know that money plays a major role in Bitcoin investment and adoption, over the time many people have complained that money has deprived them of the opportunity to partake in Bitcoin, after getting the knowledge of how the currency works, please my advice to every Bitcoin enthusiast is that no knowledge is a waste, you may not have the money to invest today, but learning about this technology is the first stage you have to cross in other to get the main thing.
So the other stuff which is money becomes secondary, continue pushing, any day you get the funds to invest in your own time, stop limiting yourself by not being prepared before the money comes will be considered as the greatest mistake, be yourself don't be in a hurry more things may unfold before you invest maybe you might be lucky bitcoin for one bitcoin for everyone.


This is very well said and I couldn't agree more on this. Delving into bitcoins and crypto itself without knowledge and understanding is a huge disaster. Yes, technological literacy is very much needed in the space but as well as being digital and information literate also plays a vital role for you to succeed in the space.
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.

Agree on this. A lot of people are actually aware of bitcoins, even people who's not into crypto, but the problem is they only know bitcoin by name and not on its use and importance. And yes, you are right, people are still hesitant about bitcoins because the government has always painted it with bad image.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: flyingcarpet on July 28, 2023, 06:46:53 AM
Education is of immense importance at every point of life. Technical knowledge, educational qualifications should be possessed by every human being. If every person has educational qualifications or technical knowledge, then that person can achieve a lot of success in life. A person must have educational qualifications to get involved with Bitcoin. Maybe you don't have to submit your certificate here but to know all the topics in forum or to know bitcoin well you must have educational qualification, if you don't have educational qualification then you won't understand these things. Without educational qualification along with technical knowledge it is impossible to conduct various Bitcoin related activities through technology so every person must have technical knowledge along with educational qualification.

Many people I know invest unknowingly and simply because they believe in Bitcoin. They have not been trained in this or have read anything on this forum. Someone told them about Bitcoin and they have had Bitcoin investments for years. They learned about transfer and wallet issues. For them, this information is enough. When talking about Bitcoin, when it comes to topics such as trainings, certificates, videos, it can create a perception for many people that it is something that is difficult to learn. It should not be like this.

Bitcoin exists to make our life easier. Of course, learning all about Bitcoin is useful, but not everyone prefers this method.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: fuguebtc on July 28, 2023, 12:37:48 PM
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Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.
Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.


Yeah, government regulation is one of the great challenges of Bitcoin adoption.  But it looks like the path for Bitcoin adoption is somehow clear now because there are politicians who intend to back up Bitcoin and one US presidential candidate even wanted to make Bitcoin as back up to the dollar.  If this happen I could not imagine how huge the market will be boosted.

Although Bitcoin had been tarnished by being used in illegal activity before, Bitcoin blockchain being transparent gives light that it is very risky for criminals to use it for their illegal engagement.


I still believe that one day bitcoin will be accepted worldwide. But please don't believe what those politicians say about bitcoin, what they want is to win people's trust, they want people's votes, so they will do anything as long as it works for them. 
The tarnish of bitcoin is caused by the government spreading misinformation so as long as they accept bitcoin, all doubts and misunderstandings will be cleared. I still repeat my argument: government is the key to all that bitcoin needs.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: GbitG on July 31, 2023, 05:17:12 PM
For sure, money is a key factor in Bitcoin adoption because it is a physical and essential commodity in our hands for adopting Bitcoin. But this is one side of the story. If we look at the circumstances of the full potential of Bitcoin adoption, both education and money are vital key factors for adopting Bitcoin. By putting more emphasis on the importance of education and the stimulation of financial incorporation, society can embrace this innovative technology and bring Bitcoin closer to full adoption.

Education is the ring that connects people through the cryptocurrency world. Which people are aware of the concepts and are addressing misconceptions about Bitcoin (what is Bitcoin and how does it work, as well as their advantages and disadvantages)?

While money is an estimate of physical essentials, At the termination of both, we could say that both money and education are not mutually exclusive but reciprocal for the adoption of Bitcoin.
let's give us your taught.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Blitzboy on July 31, 2023, 07:12:46 PM
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Your knowledge and money will be useless if the government bans Bitcoin in your country. You are right, the government is really the key because if the government supports it, the people will follow. Though it is not the only reason why they aren't adopting bitcoin is because they heard about it from illegal things that were shown or heard in the news. That is the first time those people heard about it, and if they hear it again, they will be thinking again that it is like money for illegal things.
Government rules and policies surely affect Bitcoin and other cryptocurrencies' broad adoption. They can ease or hinder change. Bitcoin is widely stated to be used in illegal activities, although this is an oversimplification. Remember that conventional currencies have also been used illegally, but they have escaped the moniker "money for illegal things." Criminals can't hide on the blockchain, and Bitcoin transactions may be traced. Bitcoin has improved from its darknet market days. We must overcome these illusions to appreciate Bitcoin and other cryptocurrencies.


Yeah, government regulation is one of the great challenges of Bitcoin adoption.  But it looks like the path for Bitcoin adoption is somehow clear now because there are politicians who intend to back up Bitcoin and one US presidential candidate even wanted to make Bitcoin as back up to the dollar.  If this happen I could not imagine how huge the market will be boosted.

Although Bitcoin had been tarnished by being used in illegal activity before, Bitcoin blockchain being transparent gives light that it is very risky for criminals to use it for their illegal engagement.


I still believe that one day bitcoin will be accepted worldwide. But please don't believe what those politicians say about bitcoin, what they want is to win people's trust, they want people's votes, so they will do anything as long as it works for them. 
The tarnish of bitcoin is caused by the government spreading misinformation so as long as they accept bitcoin, all doubts and misunderstandings will be cleared. I still repeat my argument: government is the key to all that bitcoin needs.
That being said, Bitcoin's reach has already outpaced several country's GDPs, indicating its global acceptance in the economic sphere. Yet, to break the shackle of misinformation, it's not just government acceptance that's required.

A decentralized currency like Bitcoin relies on the people, not governments. While government support may propel Bitcoin's adoption, it is the grassroots level understanding and acceptance that truly matter. In the end, people will drive Bitcoin's destiny, not politicians or governments.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: serjent05 on July 31, 2023, 09:47:04 PM
That being said, Bitcoin's reach has already outpaced several country's GDPs, indicating its global acceptance in the economic sphere. Yet, to break the shackle of misinformation, it's not just government acceptance that's required.

A decentralized currency like Bitcoin relies on the people, not governments. While government support may propel Bitcoin's adoption, it is the grassroots level understanding and acceptance that truly matter. In the end, people will drive Bitcoin's destiny, not politicians or governments.

I agree government adoption will not make any impact without its citizen's adoption.  But with the government's adoption, it make it easier for Bitcoin to tap potential companies to invest in the Bitcoin ecosystem.  So I guess Bitcoin needs this both in order to have an easy path toward global adoption.  Btw, although people are the main driver of Bitcoin's destiny, I believe politician and government plays a huge part in how easy this path will be.



Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Kelvinid on July 31, 2023, 09:57:27 PM
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.
There are so many misinformations, FUDs, and scam issues that we heard online and in the newspaper making some people to doubts and remain uncertain. These are the big factors that stop them from having an interest. Well, of course, why should have to adopt Bitcoin if I was not sure? Definitely, we really need proper education in order to correct the wrong informations that we heard around us as it was a manipulating factor that affects our mindset Because as long as it was still there, uncertainties remain and the spread continues.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: lousie9 on July 31, 2023, 11:44:42 PM
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.
There are so many misinformations, FUDs, and scam issues that we heard online and in the newspaper making some people to doubts and remain uncertain. These are the big factors that stop them from having an interest. Well, of course, why should have to adopt Bitcoin if I was not sure? Definitely, we really need proper education in order to correct the wrong informations that we heard around us as it was a manipulating factor that affects our mindset Because as long as it was still there, uncertainties remain and the spread continues.
Yes that's right, I also think that negative news will continue to be one of the biggest causes of hesitation for some people if not everyone to adopt Bitcoin.
Education about understanding Bitcoin and to correct misinformation in my opinion that is effective is actually education or explanation directly from an expert because an expert and someone who doesn't know can ask questions and exchange opinions. but that would be nearly impossible if we were to explain them one by one to everyone.
What is certain that we can do is we do small things such as explaining or helping people closest to us who want to know more about Bitcoin and that's where we will correct some of the wrong information according to our abilities. Even though the impact will not be felt but we have done something right.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: Vaskiy on July 31, 2023, 11:54:19 PM
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.
There are so many misinformations, FUDs, and scam issues that we heard online and in the newspaper making some people to doubts and remain uncertain. These are the big factors that stop them from having an interest. Well, of course, why should have to adopt Bitcoin if I was not sure? Definitely, we really need proper education in order to correct the wrong informations that we heard around us as it was a manipulating factor that affects our mindset Because as long as it was still there, uncertainties remain and the spread continues.
Proper education lets people to question and analyse than just believing in everything. Education gives the theoretical learning and the experience gives the real time usability of bitcoin. The goodness need to be shared in the right way, because people easily believe in the scams and false statements but thinks twice to believe in the reality happening around.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: AmoreJaz on July 31, 2023, 11:56:32 PM
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.
There are so many misinformations, FUDs, and scam issues that we heard online and in the newspaper making some people to doubts and remain uncertain. These are the big factors that stop them from having an interest. Well, of course, why should have to adopt Bitcoin if I was not sure? Definitely, we really need proper education in order to correct the wrong informations that we heard around us as it was a manipulating factor that affects our mindset Because as long as it was still there, uncertainties remain and the spread continues.
Proper education lets people to question and analyse than just believing in everything. Education gives the theoretical learning and the experience gives the real time usability of bitcoin. The goodness need to be shared in the right way, because people easily believe in the scams and false statements but thinks twice to believe in the reality happening around.

in short, ignorance is avoided if you are educated. you won't stop up until you have satisfactory answers from your doubts. also, you won't just say yes to everything you will read or hear, you have the initiative to know which ones are facts and whatnot.
and with the curiosity to know the facts, people won't just invest on projects blindly, so they will avoid being screwed by these scammers.


Title: Re: Education and money as the key to Bitcoin adoption.
Post by: landheer on August 01, 2023, 03:31:11 AM
Bitcoin awareness is not really the major problem of Bitcoin adoption because so many people are aware of Bitcoin but  the wrong information they receive daily by the government especially some of the politicians are the major reason why people are afraid to invest in Bitcoin even when they know that some of the informations are totally wrong.

Money is the key for Bitcoin adoption because without money we can do nothing but I think people have money but the fear of losing it has always been a major concern to them all because most people still see Bitcoin investment as a scam because of how the government has painted it in the ears of their citizens.

I don't think all governments scare their people into investing in BTC, because in my area people can invest in BTC because the government has allowed it, but the government in my area prohibits Bitcoin from being used as a means of payment. I've experienced is that people who scare people into investing in BTC are people who don't know about BTC.