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Author Topic: Introducing bitcoin is not that easy  (Read 6604 times)
ged00u
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January 31, 2017, 02:46:07 PM
 #121

If we say bitcoin equals money, then everyone will quickly understand. In my opinion, introduce the bitcoin is not difficult, depending on how we are talk. We recommend that you use a parable that bitcoin it equals money, so people will be interested to find and use it.
I love this idea. However, even if they understand about Bitcoin, they still doubt whether Bitcoin is really a type of currency or not because most of the tradition cash are paper but Bitcoin is the algorithm and based on computer and the internet. The lack of knowledge will lead us to many bad results and I do not think that 1% of them will agree to use Bitcoin



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January 31, 2017, 02:48:25 PM
 #122

Yesterday was a research forum of thesis school project and I actually did introduce in our system about using bitcoin as a payment processor aside from paypal,visa, bank transfer or whatsoever. I actually do assume it that no one actually cares so expected things did really happened.

 However there is this one jurry stated that bitcoin is really prawn to money laundering and he ask if how would a certain business owner risk it and that made me realize that he is somehow right and that leads to other quedtion about the exchanger sites which follows KYc policies to prevent or atleast minimize the risk of money laundering however it violates also the main feature of bitcoin which is the anonymous transactions

maybe the way you present in class less complete and attractive, that the problem of money laundering using bitcoin it may issue being aggressively addressed to bitcoin, so this pr for users of bitcoin is there a proper way to let go of the issue of bitcoin

maybe he presented it less complete, but if the jurry aren't familiar with bitcoin, then there's no doubt they won't understand it even he presented it very well.

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January 31, 2017, 02:54:54 PM
 #123

Yesterday was a research forum of thesis school project and I actually did introduce in our system about using bitcoin as a payment processor aside from paypal,visa, bank transfer or whatsoever. I actually do assume it that no one actually cares so expected things did really happened.

 However there is this one jurry stated that bitcoin is really prawn to money laundering and he ask if how would a certain business owner risk it and that made me realize that he is somehow right and that leads to other quedtion about the exchanger sites which follows KYc policies to prevent or atleast minimize the risk of money laundering however it violates also the main feature of bitcoin which is the anonymous transactions

Well, tbh its really hard, aside from people who are in the 90s who are maybe 30+ and above, even teenager who are young who have access to internet a lot might not accept it. Because its too unrealistic for them to believe that, something which is virtual do hold the currency value. I Did try to explain to my friends on bitcoin, the transaction, blockchain and so. But ya, base on many comments above, introducing bitcoin really ain't that easy. Perhaps you might introduce it to 10 people, but only 1 would buy that idea i suppose

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January 31, 2017, 02:57:20 PM
 #124

If we say bitcoin equals money, then everyone will quickly understand. In my opinion, introduce the bitcoin is not difficult, depending on how we are talk. We recommend that you use a parable that bitcoin it equals money, so people will be interested to find and use it.
I love this idea. However, even if they understand about Bitcoin, they still doubt whether Bitcoin is really a type of currency or not because most of the tradition cash are paper but Bitcoin is the algorithm and based on computer and the internet. The lack of knowledge will lead us to many bad results and I do not think that 1% of them will agree to use Bitcoin

Indeed yes! Understanding Bitcoin is not a mere solution to a periphery Bitcoin adoption problem. The main problem is people don't feel any requirement to implement Bitcoin in their living. For them, Cash and paper money is sole mean of currency and Bitcoin is just a development project with no guarantee!
This is the reason why we see more attraction towards Bitcoin as investment than currency!


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January 31, 2017, 02:58:14 PM
 #125

If we say bitcoin equals money, then everyone will quickly understand. In my opinion, introduce the bitcoin is not difficult, depending on how we are talk. We recommend that you use a parable that bitcoin it equals money, so people will be interested to find and use it.
I love this idea. However, even if they understand about Bitcoin, they still doubt whether Bitcoin is really a type of currency or not because most of the tradition cash are paper but Bitcoin is the algorithm and based on computer and the internet. The lack of knowledge will lead us to many bad results and I do not think that 1% of them will agree to use Bitcoin

But what if to say that Bitcoin is not only just money but that it is a very valuable currency and to show them the exchange rate? From my experience when people hear that 1 coin costs hundreds of US Dollars they start being interested.

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January 31, 2017, 02:58:58 PM
 #126

It is easy for anyone to explain about bitcoin. Think about your start when and why you started to adopt bit[Suspicious link removed]n the same manner and tell him the same things which you find in bitcoin and you will find him getting interest in bitcoin.
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January 31, 2017, 03:19:11 PM
 #127

I explained bitcoin to my relative and she asked: what if the boss behind bitcoin ran away..........................

If it had happened, maybe it would've happened in 2013 when the price went over $1200 or even before. At this moment, he would have over $18 billions and.. I think it would be enough, wouldn't it? Just saying.. plus that Bitcoin's fall would probay make all the cryptocurrencies existing fall too, like a domino, and as soon as he would close Bitcoin and run away with all the money nobody will exchange it into fiat anymore, so it'd become worthless.
Regarding her statement, the irony lies in the fact that there is no boss controlling Bitcoin, there are large holders, and it is possible that Satoshi is the greatest of them. But it's like you said, if his intention was to dump the coins, he would have done it in 2013. And if he decides to do that in the future, it's his coins, so he has the right to do that.
The first reaction of the market would surely be panic, but after that what we would have would be a greater distribution.

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January 31, 2017, 04:04:24 PM
 #128

It is easy for anyone to explain about bitcoin. Think about your start when and why you started to adopt bit[Suspicious link removed]n the same manner and tell him the same things which you find in bitcoin and you will find him getting interest in bitcoin.

You and me started bitcoin, because we have interested on crypto currencies to know about them, and also we have awareness about online work. But i saw majority who have no interested in bitcoin, because they don't know very well about online system, that's why they avoid it and few people are there who have no trust on bitcoin, because they think it never work in future.


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January 31, 2017, 06:19:41 PM
 #129

Its not easy to explain because of the technicality of Bitcoin and how it works. I do find it hard sometimes to explain to my friends who like to bet in personal and saying to them that betting online is much easier and you can have many options to do about your betting online. If only they are open minded about new things related to internet then it is easier for them to absorb what knowledge I'm having now about bitcoin.

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January 31, 2017, 06:25:50 PM
 #130

Its not easy to explain because of the technicality of Bitcoin and how it works. I do find it hard sometimes to explain to my friends who like to bet in personal and saying to them that betting online is much easier and you can have many options to do about your betting online. If only they are open minded about new things related to internet then it is easier for them to absorb what knowledge I'm having now about bitcoin.

I think if you are to explain something to a first time listener, you will not go to the detailed structure of bitcoin.  You only needs the basic function and usage of bitcoin.  And it is not that hard in my opinion.  For masses to adopt Bitcoin we do not need to explain the in-depth structure of bitcoin.  That will only confuse the audience.


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January 31, 2017, 06:40:41 PM
 #131

Its not easy to explain because of the technicality of Bitcoin and how it works. I do find it hard sometimes to explain to my friends who like to bet in personal and saying to them that betting online is much easier and you can have many options to do about your betting online. If only they are open minded about new things related to internet then it is easier for them to absorb what knowledge I'm having now about bitcoin.
Well if your friends is not interested you can not push them like my cousin even i explain all what the benefits if they use bitcoin they are just acting that they are interested but honestly sooner ignoring it..
So i think for those who are interested almost have knowledge about programming or computer illiterate..
I was interested when i was saw bitcoin in the forum.. if they are looking what they are that in bitcoin they will use bitcoin..

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January 31, 2017, 06:57:21 PM
 #132

Its not easy to explain because of the technicality of Bitcoin and how it works. I do find it hard sometimes to explain to my friends who like to bet in personal and saying to them that betting online is much easier and you can have many options to do about your betting online. If only they are open minded about new things related to internet then it is easier for them to absorb what knowledge I'm having now about bitcoin.

I think if you are to explain something to a first time listener, you will not go to the detailed structure of bitcoin.  You only needs the basic function and usage of bitcoin.  And it is not that hard in my opinion.  For masses to adopt Bitcoin we do not need to explain the in-depth structure of bitcoin.  That will only confuse the audience.

For first time listeners we can make them understand the basic by explaining its value, but the real difficult in giving explanation takes place when they start exploring and know more about bitcoin themselves. I feel happy of making few of my surrounding at least know the existence of bitcoin.

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February 01, 2017, 06:35:05 AM
 #133

I remembered when I first heard Bitcoin, it was very deep and really difficult to understand.  And I know I'm not the only one here who encountered those things. Because it take months before I fully understand what bitcoin is really all about.

                                 
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February 01, 2017, 06:59:50 AM
 #134

I remembered when I first heard Bitcoin, it was very deep and really difficult to understand.  And I know I'm not the only one here who encountered those things. Because it take months before I fully understand what bitcoin is really all about.

Not only for you it takes me more than a month to learn about bitcoin, i am very new to this computer terminology it is very hard to understand some technical term about bitcoin. I spend more time in learning about bitcoin and even i tried to explain many of my friend but they are confusing about bitcoin.

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February 01, 2017, 07:07:26 AM
 #135

I remembered when I first heard Bitcoin, it was very deep and really difficult to understand.  And I know I'm not the only one here who encountered those things. Because it take months before I fully understand what bitcoin is really all about.

Not only for you it takes me more than a month to learn about bitcoin, i am very new to this computer terminology it is very hard to understand some technical term about bitcoin. I spend more time in learning about bitcoin and even i tried to explain many of my friend but they are confusing about bitcoin.
I guess you need not to strain yourself to completely know about bitcoin just for the reason of using it bot both the cases of using it for currency as well as investments. Because over time by using bitcoins in different wallets and just mining altcoins surely will learn each and every aspects of bitcoin ecosystem.

Just treat your friend in your point of view, if you are ready to spend time then your fiend's confusions will find answers.

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February 01, 2017, 09:48:45 AM
 #136

Introducing Bitcoin had been easier than before.  There are lots of written documents and presentation that tells about it.  Even case studies on Bitcoin.  So i do not think that introducing it is that difficult.  What difficult is, making people understand what bitcoin is, persuading them to use it instead of the traditional payment processor. It is the interest of people that is hard to get in my opinion, but still this case depends on how well you have played your aces here.

In depth knowledge should not be targeted for on a newbie introduction. There is some footage on Youtube that is presentable, and flipping through some several websites like Bitfinex et. all. should transport the picture of "something big incoming"

For the curious some Question & Answers section following days afterwards makes sense to me. Learning curve, timespans and all of that.
I think it will still be very difficult to introduce bitcoin. In developing countries and are unfamiliar with the system would be very difficult to make people believe with bitcoin, because they already have a real doctrine that bitcoin has many risks. I've also tried to introduce a bitcoin to some of my friends in the community, but they know bitcoin for drug transactions and a lot of scam so it is not safe, although there are some who are interested but most claimed are not interested. I think most people need to see proof that they believe in, and it was very difficult. But I'm sure as time goes bitcoin will be able to take sympathy of many people.
It took a friend more than 8 months to convince me to adopt bitcoin. First, It doesn't make sense to me, like what is internet  money? I barely hear it on the TV or radio. Secondly, my challenge was where can I get this so called bitcoin. Then i was introduced to bitcointalk, my first week was the complain of spamming  and terrible bully harassing me on the forum. I got little education from my friend, but he thought I was intelligent enough to get along with the forum. He thought I can make a better use of the 24g data plan I make every month. At the end of my first  4 months, I was already trading with up to 1 bitcoin without bringing any money to the forum. Now i dont need anyone to advise me to put more money into bitcoin
What is my main idea about the story? You may never get it easier to introduce people to bitcoin, but if you really want to help someone keep introducing them, to make it easier introduce to the smart ones. More also introduce bitcointalk, bitcointalk makes the education on bitcoin easier

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February 01, 2017, 01:52:58 PM
 #137

If we say bitcoin equals money, then everyone will quickly understand. In my opinion, introduce the bitcoin is not difficult, depending on how we are talk. We recommend that you use a parable that bitcoin it equals money, so people will be interested to find and use it.
I love this idea. However, even if they understand about Bitcoin, they still doubt whether Bitcoin is really a type of currency or not because most of the tradition cash are paper but Bitcoin is the algorithm and based on computer and the internet. The lack of knowledge will lead us to many bad results and I do not think that 1% of them will agree to use Bitcoin

Indeed yes! Understanding Bitcoin is not a mere solution to a periphery Bitcoin adoption problem. The main problem is people don't feel any requirement to implement Bitcoin in their living. For them, Cash and paper money is sole mean of currency and Bitcoin is just a development project with no guarantee!
This is the reason why we see more attraction towards Bitcoin as investment than currency!
introducing and understanding bitcoin is difference  thing, people first need to know about bitcoin, they should first introduce about the benefit of bitcoin, and after they when they take interest in bitcoin, then they will try their self to understand bitcoin. but i think the most important thing is to know know about bitcoin.

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February 01, 2017, 02:07:08 PM
 #138

I remembered when I first heard Bitcoin, it was very deep and really difficult to understand.  And I know I'm not the only one here who encountered those things. Because it take months before I fully understand what bitcoin is really all about.

Not only for you it takes me more than a month to learn about bitcoin, i am very new to this computer terminology it is very hard to understand some technical term about bitcoin. I spend more time in learning about bitcoin and even i tried to explain many of my friend but they are confusing about bitcoin.
According to my experience if someone will want to learn about bitcoin themselves without any tutor/teacher than it will take more times for him to learn about bitcoin while if someone will learn about bitcoin with the help of someone else then it will not take much time for him to learn. If you teach your friends in a proper method then they will not get confused.

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wuvdoll
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February 01, 2017, 07:52:41 PM
 #139

as op said, many people who argue that bitcoin is a means for crime it's true because bitcoin uses anonym system where no one knows the identity of the sender, despite of several articles stating bitcoin is also one of the means to police investigators / fbi to catch something big

it is sad if many people in outside just think that bitcoin is for crime without any explaining that bitcoin is like fiat that can use for good and bad thing. but if we take a look from news especially with the investing programs that using bitcoin, then maybe we need to make a clear statement that in that programs, they only use bitcoin as the payment and bitcoin is not created by them and they should responsible if bad thing is happen and they don't have to blame bitcoin for the mistake.
I do not believe on that whooole “people think bitcoin is for bad people”, a study showed that over 90% of dollars have cocaine traces on them. Does that mean all people who use dollar banknotes also did cocaine? No.

When someone sells a drug or something illegal what did they used before bitcoin was created? Fiat currency. I think bitcoin just makes it easier to hide for them maybe and yes maybe Al Capone wouldn’t get jailed if there was bitcoin but in general bitcoin is not making anyone do things they wouldn’t do.

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February 01, 2017, 08:14:52 PM
 #140

If we say bitcoin equals money, then everyone will quickly understand. In my opinion, introduce the bitcoin is not difficult, depending on how we are talk. We recommend that you use a parable that bitcoin it equals money, so people will be interested to find and use it.
The problem is that vast majority of people are still bound to that centralized concept of everything, for them it is needed to have central authority or some higher power ruling things.
Decentralization is alien and undesired - first question I usually get when I try to teach someone of BTC is: "but how BTC can be currency if there is no one backing it?".
With this type of mindset there is really little you can do to convince people that BTC can be successful sovereign digital currency backed by all its users.

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