People Are Just Too Stupid to Use Bitcoin Right Now

[Vaskiy]

Have you not considered that maybe bitcoin is to complicated for the average person right now ?

Yes bitcoin is very complicated to the people who didnt expose to much in web. and even if they are always online of facebook theyr not still aware this is existing. lucky we are adventourous person and knoe about this and yet not were earning by bitcoins. And i dont think were stupid cause we earn by this were not wasting our time for nothing.

Yeah I didn't saw any stupidity in people using bitcoin, it worth its users a lot, there are people who don't know anything about bitcoin. For that we are lucky and it's a boon for us to know about bitcoin.

[Raimonn]

All the people aren't too stupid, you made it too generic. Some need more information about what is and how could change its monetary system. Others never heard anything about bitcoin. And some could be stupid or wrong and don't want to use it.

[btccashacc]

All the people aren't too stupid, you made it too generic. Some need more information about what is and how could change its monetary system. Others never heard anything about bitcoin. And some could be stupid or wrong and don't want to use it.

it could be means the majority of the bitcoiner are smart and lucky,coz they already knew it and using it right now, isn't it? i personally agree with you that many peoples out there never heard anything about bitcoin, due to lack of promotion and adoption or something else

[Pursuer]

it is not just on people, and not only because of their stupidity.
as others have mentioned, it is mostly because of the fear that usually people have towards new things and fear of changing the familiar ways of living. so they stick to their regular ways and don't change unless they are forced to.

besides this fear, the media and the government and their rules doesn't help this either. especially the media with demonizing bitcoin has always been a downside for bitcoin adoption.

[Denker]

It's not just that people just don't like change (unless it's the coin kind).  Heck I can't get my Mom away from rotary phones not alone use a new kind of money for things. 

Rotary phones? Wow!
My mother finally made it to use a smartphone and therefore dropped her old but pretty stable Nokia 6310i.
In the beginning she really struggled with swiping her finger and tiny tipping on the surface.But now she got used to it.
However she often don't understand to what all those different apps are good for.
As I told her about Bitcoin her whole face looked like a huge question mark.It is just too much for the average people if they don't have knowledge about money in general, network systems, economics, politics etc. It's too complex.Therefore nothing will change with Bitcoin or cryptos over night.Many people are sceptic to new things. Especially when this also involves money!!

[pereira4]

"People are just too stupid to use bitcoin right now,” I overheard someone argue at a bar a few weeks ago as we were discussing the potential of cryptocurrency. “Society’s understanding of where money comes from is the real challenge.

This is the whole article I read at cointelegraph

I think this claim is spot on: "Society’s understanding of where money comes from is the real challenge."

People don't care about the FED, or the fact that they are printing infinite fake money, they just want to pay for something, and get the goods or services delivered, everything else is just irrelevant. And that's the challenge, wake up the sheep into realizing Bitcoin is real money and fiat is bullshit.

[gkv9]

It's just because misunderstandings have been made regarding Bitcoins as it's just a so-called ponzi scheme and nothing else, we need to change the thinking of people by going ahead and telling them that it is not what they think it is, it's a completely different and innovative concept which is still needed to get adopted by so many who are not aware of it yet...

[Kprawn]

Stupidity is only one factor... you have to add laziness into that too. The researchers and smart people determined that the average person in most developed countries, have

experienced a shorter attention span. {Some say, 20 minutes at most} This is because of too many external influences and also because people are bombarded by too much

information. {TV / Cellphones / Internet .... } They even adjusted the intervals for advertisements within TV programs to accommodate for that. So people are over stimulated

and this leads to a shorter attention span. If you want to explain Bitcoin to someone, you have to take that into consideration and have short breaks... We are now doing this

in our meetups, with great success. {Beer/smoke Breaks every 20 minutes}  

[BitcoinSupremo]

Its not people are too stupid, its because they are lazy and don't have clear objectives, if they do, then I am sure they can embrace just anything, having a very strong determined will to achieve what you plan then you can achieve anything, using, buying, selling and storing bitcoin. Bitcoin is more for persons who have very much clear objectives in life and see Bitcoin as a mean to achieve them. I guess this is not for the mass after all, although I hope to be wrong.

[Hazir]

The problem is - most people are not thinking about concepts of society, politics, economic and philosophy. They just want to live.
FIAT money is for them something so natural like air, they don't wonder where it comes from and how it works - and how it could be even better.

[jethrorn99]

Have you not considered that maybe bitcoin is to complicated for the average person right now ?

Yes bitcoin is very complicated to the people who didnt expose to much in web. and even if they are always online of facebook theyr not still aware this is existing. lucky we are adventourous person and knoe about this and yet not were earning by bitcoins. And i dont think were stupid cause we earn by this were not wasting our time for nothing.

We just lucky because we are still young and still want to learn new things . With age, learning new things is getting harder and harder each day.

It's not because we are adventurous , it's because we are still young. Even tho there are Old people that still learning new things, but for average people, it's hard.

[Barbut]

People are suspicious about new things. And yet after fighting against something (no matter what change), people slowly start to accept it. I think same will be with bitcoin. Silent water crushes even mountains, bitcoin is slowly conquer the world. I think progress that bitcoin made in last 8 years is awesome. Bitcoin is stronger every year, we can imagine how everything will look for another 8 to 10 years.
I believe bitcoin have a nice future. Many people work for that and many many more follows. Community is growing stronger.

[LoyceV]

"People are just too stupid to use bitcoin right now,” I overheard someone argue at a bar a few weeks ago as we were discussing the potential of cryptocurrency.

I think he's right! But not (only) for the reasons in the article. My main reason: look at how many bitcoins are either lost forever or stolen, I've read estimates of 20-30% of all bitcoins ever mined. In just 7 years losing 20-30% is an amazing amount of money, and that is only from people who are bitcoin enthousiasts. Now imagine a 95-year-old has to use a bitcoin wallet, encryption and create backups of it. Of course that has a huge chance to go wrong.

“Society’s understanding of where money comes from is the real challenge.

The average person does not understand the current concept of fiat money either. I think barely anybody really understands its debt-based creation. As the article explains: " In fact, 97% of all money is created by banks via fractional reserve banking.", AKA only 3% of the money is actually printed, and 97% is made up by banks to earn interest on non-existing money.

[Daniel91]

Well, very interesting statement but mostly I agree.
In fact, I don't think that people are stupid to use Bitcoin but they are more scared to do anything online or skeptic about Bitcoin.
I could see from my personal experience how difficult is to inspire people to try bitcoin.
Some people are afraid even to buy something online with credit card or to use Internet banking
I think that mostly young generation is open to bitcoin but this will not be enough that Bitcoin becomes mainstream.
We need also many ''big'' companies and merchants which accept Bitcoin.
Hopefully, after that even stupid people will start using bitcoin

[Hellacopter]

I think that's wrong idea, if you secure your wallet and have the good knowledge about Bitcoin's currency it's better a lot than using fiat right now. This crypto currency is growing up daily, the price will get higher and stable soon as well

[nejibens]

I think that's wrong idea, if you secure your wallet and have the good knowledge about Bitcoin's currency it's better a lot than using fiat right now. This crypto currency is growing up daily, the price will get higher and stable soon as well

I am agree with you about this point. In fact i think the future is for the Bitcoin's users worldwide.

[Mr.grin]

I guess for some people very rarely surrounding normal internet or just open facebook and twitter, they will never know the potential of bitcoin. even just do not know to use bitcoin, even they did not know bitcoin. I think they need to think more broadly that the internet can also make a lot of money, and bitcoin is one way to get it.

[BTCLovingDude]

their stupidity and ignorance is our opportunity. because right now the price of bitcoin is low if you believe in bitcoin and believe that in the future it is going to be mass adopted.

so all those ignorant people will regret their decision as i am regretting not getting into bitcoin a couple of years ago

[erikalui]

I agree here as many don't take Bitcoins as a way to not pay taxes and its decentralization and ability to own the private keys of a wallet don't go well with the mass. They still prefer PayPal/Cards over Bitcoins as many websites/brands only make use of these payment methods. Also, there are way too many negatives written by media about bitcoins that people fear that it can be illegal to use this currency which is a untrue. It's just that crypto currency is not a convenient payment method for many and it's not easy to buy bitcoins online as well.

If I'm the average Joe on the street and my paycheck is in dollars and things are priced in dollars, why go out of my way to buy bitcoin just to spend it on things that I could just as easily buy with dollars?

It's not that people are too stupid.  Not by a long shot.

If salaried people are given the option to choose bitcoins as a part-payment option (just like I get the option of choosing Sodexo coupons as it's tax free), people would choose bitcoins in that case like people in my office do. It's not about being stupid here but it's that people who might be interested in investments as well don't find it easy to buy bitcoins and others just don't care.

[noormcs5]

All the people aren't too stupid, you made it too generic. Some need more information about what is and how could change its monetary system. Others never heard anything about bitcoin. And some could be stupid or wrong and don't want to use it.

it could be means the majority of the bitcoiner are smart and lucky,coz they already knew it and using it right now, isn't it? i personally agree with you that many peoples out there never heard anything about bitcoin, due to lack of promotion and adoption or something else

Those who know bitcoins will never leave them as they know the benefits of it.