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Author Topic: 60% of world population cannot access computer so Bitcoins will fail.  (Read 1820 times)
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January 21, 2018, 05:29:33 AM
 #41

As far as I know, most of the world has Internet.
Where there are networks, it means that bitcoin and cryptocurrencies can continue to grow.
And the Internet and the blockchain are our future, and they will all be provided by the Internet in the future.

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January 21, 2018, 05:34:15 AM
 #42

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

I'm sorry but Bitcoin is so young and will be needing to improve first before becoming a global currency for all. Who know? Maybe all humans will be able to have an internet in the future?
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January 21, 2018, 05:40:53 AM
 #43

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

You can convert your bitcoin to fiat.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

I beg to disagree, this is not the 90's, most of the people have access to the internet nowadays, even third world countries have smartphones on their wallet. So I don't know why bitcoin will fail as you have pointed out.

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January 21, 2018, 05:42:14 AM
 #44

Well thank God you have quickly learned from the comment of some other posters but let me add a little, instead of jumping into conclusion the best thing to do next time is to ask question where you are confused. There are so many ways which bitcoin will succeed even if is only 1% of the world population that know and can use bitcoin, bitcoin is not design to be a mainstream currency bitcoin is not competing with any currency and is not everyone that can and will use bitcoin but one thing for sure bitcoin is a digital currency and at the same time a store of value.
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January 21, 2018, 05:44:43 AM
 #45

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.


Hi there traffexp! Did you know that as of June 2017, 51% of the world's population has internet access, meaning to say that almost half of the people in the world can't access or did not have time nor capability to open website, but the question is do internet fail?  No, why, because those almost half of the population is big enough to sustain the growth of the internet. The same way goes with crypto, survey says that 5.8 million people have wallets, thus it is huge enough to sustain the crypto.  Wink
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January 21, 2018, 05:45:37 AM
 #46

It doesn't matter whether the population is having access to desktops/laptops or not. All you need is a smartphone with an internet connection. And in my country a smartphone can be purchased for as little as $50. Here in India, it is estimated that some 300 million people use smartphones, which is close to one-fourth of the total population.

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January 21, 2018, 05:45:59 AM
 #47

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

Bitcoin is just baby, it will not be success in very short time.
It will more grow in the future. Recently, maybe you are right 60% of population in the world not touch computer or even they dont know about internet, such those people are old people. Bitcoin target is young people who have more talent anout internet and bitcoin. So thats why bitcoin will not be success in short time. It will be success in the future. Still long time left so we do not need to be worry with bitcoin successfully
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January 21, 2018, 05:50:35 AM
 #48

It is part of globalization, to make all countries accessible in technology. We know that many people are not aware when it comes in tech but all of things can be learned. We have to make step so that we will innovate our ownself. I think this is not a big deal since many people are now developing theirselves.
Bitcoin can use because now is the era of cryptocurrency.

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January 21, 2018, 05:58:52 AM
 #49

I dont think so. Here need not to access all the computer users to use Bitcoin,rather than needs only potential people.If Bitcoin will ever fail then the reason could be like this-The Lack Of Leadership,Laws And Regulations,Use Cases,Time And Mining Problems,Fear, Uncertainty, And Doubt and The End Of The World As We Know It Wink Wink
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January 21, 2018, 06:00:49 AM
 #50

Then explain to me why M-Pesa is so successfull in Africa at the moment.  Roll Eyes There are also several projects targetted to give free internet to people in rural areas. <Project Loon>

Remember, at this stage Bitcoin is seen as a alternative payment option, not a reserve currency. A lot of these first world countries might consider it as a reserve currency, once the scaling has been sorted out.

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January 21, 2018, 06:14:53 AM
 #51

nope. who doesn't have their own computer they will dont have money to invest into bitcoin. so we dont need them

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January 21, 2018, 06:32:55 AM
 #52

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

Hahaha. Amazon, Paypal, the internet at large, internet banking, etc., all seems to be doing fine without the people who don't have access to the internet.

There are 7 BILLION people in this world, 2.8 BILLION people (or 40%) is plenty to make Bitcoin and crypto currency a wild fucking success.

With that said, we should also figure out how crypto currency can help the unbanked (who are also likely to be people without internet). That could be crypto currency's legacy.
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January 21, 2018, 06:39:16 AM
 #53

I am not sure whether your statistics is correct. But if 60% of the population cannot access computer and internet, that means Bitcoin has room to grow when the 60% people start to know about Bitcoin.
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January 21, 2018, 06:45:31 AM
 #54

Even if people can't access a computer, can they access a mobile device? A tablet, cheap smartphone, anything along those lines? If they can then they can go ahead and use and buy bitcoin whenever they want. A computer is one thing, and I kinda understand why so many don't have this yet -- but a TON of people in the world have phones capable of using bitcoin, even in poor nations.

Your point is invalid.
No quality bitcoin wallets or miners exist in Smartphones (at least the ones i know)
We do have quality bitcoin wallets for our smartphones such as the Mycelium wallet and the Electrum wallet. No doubt both are the best out of all the others. We also have ledger nano and trezor which can be used by the ones who dont have  an access to a Pc.
Whether or not bitcoin goes mainstream or not it will still be a successful cryptocurrency as it will be later used for making digital payments.
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January 21, 2018, 06:49:31 AM
 #55

so if all of that 60% can access computer in future and all of them wanna buying bitcoin ? what will happen  Undecided .....
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January 21, 2018, 06:50:39 AM
 #56

...compared to say u.s. dollar bills which you can hold in your hand or stuff in your mattress.

this is why bitcoins will not go mainstream because majority of human beings on this planet do not have access to a computer.

successful gold standards are things like toyota trucks, ak-47's, u.s. c-notes which thrive in places like afghanistan and africa.

I don't know what you think, and one thing you forget. you don't see human civilization growing rapidly, now everything is technological era. did you forget it? what you think, tell us here. your point of view, is an ancient way that will not last forever in the world of technology, do not you know it. try to set aside time, read about bitcoin from various references.
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January 21, 2018, 07:00:07 AM
 #57

Is the data pretty accurate ? if then the remaining would be lucky to have their bitcoins and else it would not fail. Even they do have access on it are they going to give a damn on cryptocurrency which they dont know ?
the remaining 40% is big ratio for over 7 billion people in the world, approximately 3 billion do not have bitcoins of don't know bitcoin and yet bitcoin is still growing and developing.

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January 21, 2018, 07:06:03 AM
 #58

If 60% of the population doesnt have access to internet then the 40% can still be a good ecosystem of bitcoin. eventually these 3rd world country will have a share of growth in their economy and minority of its population will have access to internet and will learn what bitcoin is. As years go by the user percentage of bitcoin increases and soon almost all the people in the earth will know and use bitcoin or alt coins.
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January 21, 2018, 07:18:45 AM
 #59

60% huh? So 3-4 BILLION people? With 21 MILLION coins?

Yes you fail. I'm surprised people like the OP is smart enough to get on the Internet to post this nonsense.
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January 21, 2018, 07:32:10 AM
 #60

I think your opinion is not totally right. you think how many people in the world invest in stock market? but the stock still develop. So, do not doubt the growth of the Bitcoin
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