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Author Topic: Is the world too dumb for Bitcoins?  (Read 3756 times)
Spaceman_Spiff
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March 08, 2014, 01:20:55 PM
 #41

Anyone reading this post has an IQ higher than the average person.
Thoughts?
Lurk around the forum a bit longer, and you'll probably want to change that sentence  Wink .

As for your real topic: +1 on all the "internet" references.

Are Bitcoiners too dumb for Bitcoin?
Would EM be EM without a sneering remark to bitcoiners once in a while? Grin
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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rohnearner
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March 08, 2014, 01:47:31 PM
Last edit: March 08, 2014, 02:05:06 PM by rohnearner
 #42

Quote
Anyone reading this post has an IQ higher than the average person.
Thoughts?
Lurk around the forum a bit longer, and you'll probably want to change that sentence  Wink .

Would EM be EM without a sneering remark to bitcoiners once in a while? Grin
He just mentioned Those who are actually reading the topic not everyone on Forum and most of them you are talking about wouldn't even bother to read what exactly he wants to convey..!

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March 08, 2014, 09:38:05 PM
 #43

You'll be hearing from my lawyer about the title of your thread.



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TooDumbForBitcoin
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March 08, 2014, 09:39:54 PM
 #44

i am too dumb for bitcoin,

Excuse me?



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|   NO ICO. NO PREMINE. 
   X16RT GPU Mining. Fair distribution.  
|      The first Zerocoin-based Cryptocurrency      
   WITH ALWAYS-ON PRIVACY.  
|



                   ▄▄████
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March 08, 2014, 09:47:55 PM
 #45

the world is also too dumb for the internet, however see how user friendly software came up to make up for the stupidity. The same has to happen to bitcoin, as more user friendly apps, wallets and infra pop up the masses will use it and benefit.

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March 09, 2014, 01:13:23 AM
 #46

Are Bitcoiners too dumb for Bitcoin?
Would EM be EM without a sneering remark to bitcoiners once in a while? Grin

I've got it, Bitcoiners are too dumb for this world.
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March 09, 2014, 01:49:40 AM
Merited by Foxpup (3)
 #47

Anyone reading this post has an IQ higher than the average person.

Really?  Why?  

To answer your question:

Adoption takes time.  It is like watching paint dry.  First fiat ATMs were installed in 1969.
How many 80+ yr olds are using them today?  Chances are that your friend will never use bitcoin, his daughters might use them because
their kids will use them. If you are in your late 30s and not using bitcoin today, chances are you'll never trust the technology and will refuse to use
it even if it replaces all fiat cash.  

For the full adoption, you need to have at least one new generation born with that technology.  Look at what happened with the Internet.
If it wasn't for youngsters, Internet and social media would never take off the way it did.   I remember explaining TCP sockets to people in 1990,
they were all looking at me like I was an alien or I have completely lost my mind.  I get the same reception with bitcoin.

Young minds are more malleable.  Once you finish your formal education (aka brain castration), most likely than not, you are brain dead.
You need an open mind to accept new technological breakthrough.  Think "tabula rasa".

So if you want a broader adoption, talk to your kids, explain the technology to them.  I find it is much harder to convince someone in their 30s (or older)
to use bitcoin than it is to convince a teenager.  10 minutes later, teenager will be using bitcoin.  Older folks, well, not so much.  You might get 1 convert out of 30.




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March 09, 2014, 05:31:45 AM
 #48

Are Bitcoiners too dumb for Bitcoin?

What about ex-bitcoiners who sold huge stashes of coins too early and have been trolling the forums ever since?  Are they the dumberest?

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
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March 09, 2014, 05:39:55 AM
 #49

"In fact, USB is a type of connector.".

No the surveyor got it wrong too, USB is a protocol. As in the difference between Bitcoin and bitcoin the protocol.!! LOL

Are people too dumb for money?

This is the old discussion about ANCAP or a regulated capitalism society  in a new disguise.

We have had several iterations here over the years.
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March 10, 2014, 09:03:43 AM
 #50

You'll be hearing from my lawyer about the title of your thread.

Best comment on the thread hahaha! Sorry man Wink Didn't mean to steal your name to make a point...

But now that you're here... Wink

Some great comments though!! While I agree that just because you don't know what Bitcoins are doesn't mean you have a low IQ, that's not what I was saying and you're twisting words and facts!!! I said that people reading this will most likely have a higher than average IQ, so I'm saying the reverse...

Just because my girlfriend likes Steak doesn't mean she dislikes Pizza.

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March 15, 2014, 01:24:14 AM
 #51

There just needs to be more software that makes BTC handling easier. Kind of like the way "dumb computer users" use Macs over Windows or Linux.
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March 15, 2014, 03:47:28 AM
 #52

First fiat ATMs were installed in 1969. How many 80+ yr olds are using them today?  
If you are in your late 30s and not using bitcoin today, chances are you'll never trust the technology and will refuse to use it even if it replaces all fiat cash.  

Great insights.   Very well put.  

Quote
Look at what happened with the Internet.

Exactly.   My mother was in her early 40's when the internet kicked in, and right up until she passed away in 2009 at 69, the most she ever really did on the internet was email me.  
Absolutely nothing else.  And that was just "Outlook".  Not really "internet".  Because they required her to use it at work as a secretary. 

Again, great insights.

-B-

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March 15, 2014, 03:53:04 AM
 #53

Anyone reading this post has an IQ higher than the average person.

What makes me say that? Well, the average person in England for example reads The Sun which we know due to the popularity of the paper.

Unfortunately, as us intelligent Brits know, The Sun is a sad perspective of news. One of todays top stories:
"70 year old man's escort is son's girlfriend".

Equally, last week, I was at my girlfriends cousins house. He has 4 daughters ranging from 6 to 12 - He's an intelligent investor, very wealthy, but had no idea there were parental controls on the iphones/ipads he's given to his daughters and didn't know about the dangers online *sigh*.

We live in a non technical world where most people aren't technical, but those who are technical tend to be more successful these days...

The bad news, is for BTC to become the type of global currency we want it to be, the world needs to embrace it. In a world where our laws don't embrace international crime over the web, how are people going to ever want to explore something they simply don't understand?

I feel Bitcoin has a major problem and one that can't be solved for a generation or two, and that's to do with intelligence and understanding.

I invested at $1k - As a technical person, I'd been following the rise and can see the long term sustainability and benefits of BTC. If everyone around me non technical who also started hearing about it invested, that price would be $10k+, but I can't see it achieving high limits due to the reasons stated. I now worry we'll see the price lower long term as the world moves away from it..

Thoughts?

I invested at $1k
Buy more now ASAP.

Is the world too dumb for Bitcoins?
BTC can be used by people who want and need what it offers; If that is only a small % of the people, well.... At least we will not be stuck holding paper money.

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March 18, 2014, 02:17:48 PM
 #54

I have always felt that 10% of the population runs the world, because 10% (or less) of the population has an IQ significantly higher than the masses.

Very few people operate on an intellectual level capable of grasping anything but the basics of life.

I truly believe that.

But I rarely say it out loud because it would make me sound like a dick.

-B-

i agree. what pisses me off is that mobility has fallen. used to be that ten percent could be joined, now its exclusive. much of that ten percent no longer falls into the ruling class. i truly believe that, I truly believe that, I just never say it out loud cause it would make me sound arrogant.
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March 18, 2014, 03:07:18 PM
 #55

In the U.S. there are two principal power nexii:  Money and the deep state. If and when the deep state decides to cut ties with the money power, then SHTF.  Given the hubris of money power, it seems inevitable.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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March 18, 2014, 04:25:10 PM
 #56

I wonder about this question seriously when it comes to zerocoin.
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