People Are Not Nerdy Enough

[serjent05]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

The long term results are still unknown but BTC is becoming increasingly popular in some places and for the future they are here to stay and will likely thrive.

The proliferation of information of Bitcoin is still ongoing.  With this knowledge being distributed everywhere comes adoption.  So we can say Bitcoin will keep on getting popular everyday.

To be known. Of course, people's obsessions are different. Learning BTC is a must. However, if the main thing is just trading, that's the number 2 thing that is true. Most of those who have entered the market are a bit frustrated seeing the value of their assets continuing to decrease after the last big correction and having to wait for the market to return to normal and look for additional funds to buy back, if any. if not the most Hodl with patience that people will suggest and this happens thousands of times every day.

For those who are into Bitcoin economy then Bitcoin learning is a must.  But for those who are after different things, then Bitcoin learning is just an option.  People life will still carry on even without learning Bitcoin especially to the place where Bitcoin is banned.

[RockBell]

The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.

Aside from the Satoshi white paper, there are several great publications with impressive write-ups that can be used as a guide. If you want to get involved with bitcoin, you must be prepared to do some research because there will be numerous rewards. That part of the situation cannot be overlooked. Many people are still technologically behind, which is why I am always delighted to see people promoting awareness because people genuinely need that knowledge. The major problem with people is that they don't want to suffer and they want money because i don't see a reason why you will invest in what you don't have knowledge on. It does not show responsibility at all in term of finance. And that is even when they invest they don't succeed because they choose to be ignorant.

[KiaKia]

The majority of the people in the world today have no interest in Bitcoin and Blockchain technology, let me use my country as an example, people look at me like I am a different being from another planet, and everything I get myself involved with looks like something impossible for others to get involved with, this is peoples opinion about me, some called me smart person but I am not, I learned everything about Blockchain online, I have tried to confuse them that there is nothing magical about understanding Bitcoin but they don't care about my explanations.

Fiat money is what people are used to, and many believe that the government is the only thing that can direct them to go this way instead of that way, once the government made mentioned that crypto is scam many believe and they took it seriously, when the government later lifted the ban they still don't care anymore, but some people are into Bitcoin in my country, but the numbers is very small compare to those who don't care, give the Fiat currency and they are good.

Some numbers of youth are educated about still they don't want to be involved with Bitcoin, they all seem to care about making money faster than anything, Bitcoin investment is long journey to them yet years after years will pass them by with nothing achieved, it's not just about the Nerdy thing, many sees Bitcoin investment as too stressful.

[Zenp]

I don’t think it’s fair to say that people are not nerdy enough. Bitcoin in todays date is hell of a lot more recognized commodity compared to what it was a few years ago.

Even though the average person might not fully recognize how it works and operates, the average knowledge that an individual has on bitcoin is far greater than what it was 5 years ago.

This only goes to show that there is improvements being made in the knowledge transfer and we will be in a better place 5 years from now