A friend of mine in our discussion today about Bitcoin was insisting that salaries and wages be paid in Bitcoin in some countries.
I was of the opinion that the government will not allow fiat to be replaced by Bitcoin .so what is your take on this will it be a positive move on the Bitcoin ecosystem or not
I don't. i think that everyone or maybe every country is not ready to do this at this time or in the next few years. Because Bitcoin is volatile , Bitcoin is not or has not been accepted by all parties, and knowledge about Bitcoin is still minimal in society. Maybe there are some people who have received their salary in Bitcoin but not everyone can and understands how to use Bitcoin. |
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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. |
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Owning bitcoin turns into a greed when you are trying to inculcate in yourself that bitcoin is very essential in your life because it can save you from all your financial problems. That is a misconception because bitcoin is never the solution to all your financial problems. That’s the reason why some people refuse to get a job but invest in bitcoin instead hoping that they can be profitable all the time and overlook the importance of getting a job that will pay them good compensation. And when they start losing, that’s they end up realizing that owning bitcoin will never be successful unless if you have a stable job that will cover your losses from your bitcoin investment.
You are right to think about something in excess will be bad or will be greed. Yes, have a work or have a steady income is the main thing. Investing is a form of effort to get additional income for a long period of time. I don't know how someone who doesn't work can invest in Bitcoin. that's actually nonsense. Of course if there is someone who thinks that Bitcoin is the solution to all financial problems and will get profit from investment quickly that is a fatal mistake and it shows that someone does not fully understand Bitcoin. |
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This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and it is their decision to invest in it.
Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.
I didn't do that OP. Teaching about Bitcoin should be done to interested people otherwise, you are wasting your time doing it. I'm not afraid to be blamed as they can't do it because as long as they will understand clearly, there is no reason of blaming you back from the mistakes and losses. But if you do this to the people who are not interested and just think that investing is 100% sure profit, you can really be expecting that. Perhaps, nobody will stop you but the question is .what is the output of your teaching? Is it effective or not? yes it is about efficient or not the way it will be done. maybe the OP has a lot of time to preach about Bitcoin to everyone and look for one by one who is interested and then teach more about Bitcoin to people who are interested in what the OP has to say. nothing will stop OP from introducing and teaching Bitcoin except in OP's country Bitcoin is still illegal maybe law enforcement there will stop OP. I don't know, I think the OP is too excited and seems too dismissive and doesn't have a mature plan to do it. I don't know whether the OP thought it was effective or not and I think doing it without careful planning and the unpreparedness of someone who conveyed it would be able to damage the name Bitcoin itself in the eyes of the public. |
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How many Bitcoin related cartoons are you going to show them kids before they become related to Bitcoin then? It's not going to be easy if you plan to use this to make them know about Bitcoin, what not just then grow up in peace?
Also I believe age matters, you can't get any result if a 6 years old kid is watching a bitcoin-related cartoon, it will make no sense to them, you expect them to come and ask what the hell is Bitcoin? Let them grow up first and do that later when they get to a certain age, like the double-figure age I mean.
The way you will teach them even when they are 11 or 12 years old will determine, I will prefer if they just understand what it is instead of making them go deep onto Bitcoin, they don't have to, they have their own lives and dreams, teaching Bitcoin and money can easily distract them from their life purposes.
this is what I think, even most Bitcoin cartoons are just short stories and I think children will be more interested in the various sounds and colors of cartoons, maybe it seems more interesting and more colorful cartoons about trains thomas n friends. you are right we have to teach children about Bitcoin when they are teenagers or adults and why is it such a rush to teach children about Bitcoin?. if they are served too often when they are small there is no guarantee that our children will like and use Bitcoin someday. if they were forced from a young age by the ambitions of their parents, maybe when the time comes for the child to grow up and instead hate Bitcoin, I think the parents will scold their children and still force them to be interested in Bitcoin. |
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Bitcointalk Username: lousie9
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Everyone has its own target when to sell their bitcoin, but seeing someone experiencing from health issues, I guess one will be force to sell his bitcoin even when the market is still bearish. For me, that’s already part of being humanitarian, to help others when they are in need of assistance so badly. However, for the rest of the reasons listed by OP, I guess it’s everyone’s preference whether they will sell or not, as they can still continue to invest and hold without selling their bitcoin.
actually health problems or other emergency problems will be resolved if we are not only consistent about setting aside our money to invest, but we also have to set aside consistently for health savings funds and for other emergency funds. if indeed someone is "forced" to sell their Bitcoin then it really is a last option and when in a situation there is no other choice to solve their problem, whether it's because they have no fiat at all or other property to sell or maybe debt that they have already too much. we really have to be able to manage our finances well and maintain a simple lifestyle so that we can minimize not selling our Bitcoins for things we shouldn't want or not in accordance with our initial plans for Bitcoins. |
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I think it would have been more better had you inscribe a written note on the envelope like this... "Donated from my profit made in Bitcoin"
I don’t think he will be able to do that because bitcoin is forbidden in Islam. Muslims are not allowed to invest in bitcoin and I don’t think the mosque would appreciate it if they found out the money came from bitcoin. As much as what OP intentions were pure and from his heart, there are people there who would be offended because it’s against their religious belief. yes, I think it's possible that OP already understands the conditions that exist in his religion, so he doesn't openly display or show that the results of what OP did came from selling some of his Bitcoin assets. as far as I know, in Islam and some religious leaders consider Bitcoin to be prohibited but there are also some who agree, I don't know if there are still many pros and cons in my opinion. but apart from that the OP has done a good thing by giving up selling some of his Bitcoin to do good. it is a good thing that needs to be emulated so that we take advantage of what we have to do good to fellow human beings. I salute to you OP for using Bitcoin for good, and by the way happy Ramadan fasting for OP and all people who are Muslim. |
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Username: lousie9
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The main challenge is, these old people are sitting on some important positions in the government, which of course, it affects the government policies for cryptocurrency. Not only crypto, there are still some of them who even don't want to adopt new technologies and prefer the old-school style. Obviously younger people are the future, but it might take longer time than we expect for them to develop finance sector especially for cryptocurrency.
Almost the average government is occupied by old people, so it's not surprising if some of them reject some of the new innovations, including in blockchain technology, maybe because they don't fully understand or they really want to go the traditional way, even though it's done, government policies will still be widely used for the people So do not be surprised if they still have great power in terms of what is implemented in their policies. Provided that young people already know how cryptocurrency even though it takes a long time but if he later occupies a government position someday then the financial sector in application will be possible in its mass adoption, we must believe that technology is important if it does not develop then a sector will very outdated. yes, but we certainly can't just blame older people who can't accept today's technological developments because they definitely have their own strong principles that have been formed during their lifetime. it is true that most people currently sitting in government tend to still think and prefer traditional concepts, although not all of them, but most of them are still unable to be open to existing technological developments. In my opinion, for Bitcoin to be better known and acceptable to the public, it's only a matter of time, because over time, changes will definitely be made by the next generation in the government or in public to keep abreast of existing developments so that their country is not left behind. |
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