Bitcoin = Nerd money or not?

[sandra_1]

Well, that's just an opinion of those who don't know what is going on with this cryptocurrency world. If you want to succeed and make your investments profitable, you need to be quite nerdy. I think that people who earn really "good" money in this market, spend a lot of time on trading etc. So, that's pretty nerdy. But what is wrong in that? It only means that there are many people who don't even know what cryptocurrency is and they called us "nerds" just because they don't understand this all technology

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[Mike Mayor]

All hail nerd money ruler of all!! Goosebumps 2 They made a 1?? Dude I remember reading those, they were super huge a few years before harry potter. Gosh I will have to go watch this movie now. Thank you actually.
I enjoyed reading your post I wish more people made nice posts like this. It is so much easier to come and post and reply to people and have an actual conversation.

[MakeMoneyBtc]

I think people consider bitcoin users nerds because they belive using bitcoin is something complicated that only intelligent people can do when in fact even grandma could send a bitcoin transaction if you spend 5-10 minutes teaching her how to do it.
Btw, if someone was already a nerd before using bitcoin does it mean now they are a genius ?    

[rdbase]

It wont be called that once everybody is holding it and using it as their everyday currency.
I think back when the very first iteration of internet money was introduced. They called it just that too.

[FlightyPouch]

Does this mean I am a nerd? I don't think so. I am not a nerd, I am a normie, I know I am that is the reason I'm not a nerd and that can be a proof that bitcoin is not money for nerds nor currency that nerds only use. I think they are just calling that since there is a lot of things that should be learned and that they can't cope with that. Bitcoin can be used by anyone that wants it to use, it is not just for nerds.

[ghost424]

I recently watched the movie Goosebumps 2 with my kids and Bitcoin was once again mentioned briefly in this movie. The one boy mentioned Bitcoin and the other boy called it Nerd money.   <My kids turned to me and said, Are you a nerd?>

So it got me thinking, why would people label Bitcoin as Nerd money, when people use electronic payment options like PayPal every day? What feature about Bitcoin gives people this impression about Bitcoin?

The first thing that comes to mind is the technical IT knowledge that people need to understand the concept about this technology and also it's origin amongst very highly skilled programmers and developers in the IT industry.

I am definitely not a nerd, but I am more than willing to carry that label, if it means that Bitcoin should be part of my skill and knowledge set in this world.  

Bitcoin Nerds will rule this world! <Bill Gates is 100% proof of that>

That was a nice feat for Bitcoin because it is gaining popularity and being televised or placed in a segment of a movie will help the platform of Bitcoin to be improved. If its called nerd money, then a lot of people would be proud to be called a nerd because they are gaining money in a way of thinking. Bitcoin is not for those people who wants instant money but it is for people who also want to work hard and gain it thru hardships.

[iMark]

Then I wouldn't mind people calling us Nerds. 

I guess it has something to do with the "technology" behind bitcoin. It was money written in "codes" by Satoshi, that's why it can be reference as nerd money. There's a lot of technicalities behind, like wallet's, privatekeys, hashes, TX and other things that a non-tech people can't fully understand in the beginning.

Because bitcoin is different from currencies, generally uses code, anonymity, decentralization, etc. that makes bitcoin very unique. and they call it a nerd? I am not offended by that at all. they just feel foreign to bitcoin, they won't call it again when bitcoin becomes mainstream, and world technology is sophisticated already

[Kakmakr]

Well, based on the majority of the responses here, it seems as though most people agree that Bitcoin is not just for nerds.    I think a lot of people said the same thing about the Internet back in the day when we used to communicate via dialup access and BBS's. <giving away my age now. >

New technologies have a way of scaring away people who are just too lazy to think and to figure out complex things on their own. Spoonfeeding has become the norm and loads of people want user-friendly GUI interfaces with 1click solutions. Gone are the days when people had to spend a little effort to gain new knowledge, they want other people to do the hard grafting and then they want to sit on the side and criticize and label people.   

[coin-investor]

I recently watched the movie Goosebumps 2 with my kids and Bitcoin was once again mentioned briefly in this movie. The one boy mentioned Bitcoin and the other boy called it Nerd money.   <My kids turned to me and said, Are you a nerd?>

So it got me thinking, why would people label Bitcoin as Nerd money, when people use electronic payment options like PayPal every day? What feature about Bitcoin gives people this impression about Bitcoin?

The first thing that comes to mind is the technical IT knowledge that people need to understand the concept about this technology and also it's origin amongst very highly skilled programmers and developers in the IT industry.

I am definitely not a nerd, but I am more than willing to carry that label, if it means that Bitcoin should be part of my skill and knowledge set in this world.  

Bitcoin Nerds will rule this world! <Bill Gates is 100% proof of that>

People should not all the time believe in whatever they saw and heard in a movie, you should also teach that to your children, people who created that movie are the real nerd, in the future the producer and the director will regret calling Bitcoin money for the nerd, because all the people in the world will eventually use Bitcoin.

[iGotSpots]

Bitcoin community started to suck a big bag of dicks when it stopped being a community of nerds and evolved into this pool of human filth that has found their way in

Wow,,, I know there are so many elitists in the community but I thought people had gotten a bit of humility at this stage.

Yes,,, I agree there just so many idiots in the space but really to call people human filth when they are a lot of the part of reason Bitcoin got so big, means you should reevaluate your reflection of people in Bitcoin. If it was only nerd money would it be worth this much today?

Bottom of the barrel

[Innerpumper]

it's wrong. I sure, bitcoin is good currency. in previous time, many people use bitcoin for IIlegal transactions like, deep web or dark web. But, now bitcoin can be invesment methode, like, ICO, STO, IEO, etc. so, bitcoin not nerd money

[bitbunnny]

well, I don't know how to respond to that since everyone with the basic the knowledge of bitcoin can use it.
knowing a thing or two about bitcoin wont make you automatically a nerd. I know they meant
the "nerd money" as an insult but I am actually kind of proud that I am part of something big
and people who don't know and what it is results to insulting just to make them feel good about
themselves.

Exactly, you don't be some super expert to use and understand Bitcoin. Just a little effort to get basic understanding how it's functioning. I don't think that Bitcoin is meant to be reserved for some kind of ellites in any sense but for broad masses and so it's should be. New technologies of all kind can't be avoided anymore in our everyday lives, including cryptocurrencies, so.I think everyone should keep the track.

[Abiky]

Well, based on the majority of the responses here, it seems as though most people agree that Bitcoin is not just for nerds.    I think a lot of people said the same thing about the Internet back in the day when we used to communicate via dialup access and BBS's. <giving away my age now. >

New technologies have a way of scaring away people who are just too lazy to think and to figure out complex things on their own. Spoonfeeding has become the norm and loads of people want user-friendly GUI interfaces with 1click solutions. Gone are the days when people had to spend a little effort to gain new knowledge, they want other people to do the hard grafting and then they want to sit on the side and criticize and label people.   

Somehow, Bitcoin can be considered "Nerd Money" as there are certain areas which require some technical knowledge. Of course, nowadays it's becoming easier for users to send/receive Bitcoin because developers have made wallets much more friendlier via the use of a GUI. Still though, for certain aspects like establishing a full node, or mining Bitcoin, you'd need to be tech-savvy in order to do this.

Things aside, it's true that new technologies scare people away because they're too lazy to figure out things on their own. The same thing happened with the Internet quite some time ago, but nowadays it's a mainstream technology used by nearly anyone in the world. Bitcoin needs some time in order for people to become accustomed to it. As the cryptocurrency improves over time, things will become much easier for the average Joe towards using Bitcoin more thoroughly.

Nonetheless, I hope that Bitcoin becomes as much friendlier to the user as possible in order to increase its adoption within the mainstream world. Just my thoughts

[Netnox]

It wont be called that once everybody is holding it and using it as their everyday currency.
I think back when the very first iteration of internet money was introduced. They called it just that too.

Bitcoin is sometimes termed as "Nerd money", because for elderly and middle-aged people the concept of crypto can be a bit difficult to grasp. Internet money (Paypal, Visa.etc) is not as complex as Bitcoin and therefore there is no point in comparing them with BTC. But as the old generation dies out, this hesitation for crypto is going to vanish.

[wumBowo]

It wont be called that once everybody is holding it and using it as their everyday currency.
I think back when the very first iteration of internet money was introduced. They called it just that too.

Bitcoin is sometimes termed as "Nerd money", because for elderly and middle-aged people the concept of crypto can be a bit difficult to grasp. Internet money (Paypal, Visa.etc) is not as complex as Bitcoin and therefore there is no point in comparing them with BTC. But as the old generation dies out, this hesitation for crypto is going to vanish.

agreed, it might be called nerd money just because not all generations can grasp it very well. I have a friends here who have the same ages with me (~20), even though they dont have any idea what bitcoin is, they still can learn and adapt it well and don't have any significant problem.

[squatter]

Guys, please stop bumping this thread. This subject has already been authoritatively decided.

Yes, Bitcoin = nerd money. See this post for confirmation:

[XFlowZion]

Bitcoin does not center around the world of nerds. Bitcoin is for everyone. And we better thank nerds because most of the tech that we use are created by them. They alloted so much time studying things so they can improve our lives for the better. But if I need to choose if it is a nerd money or darknet money then I will choose nerd money.

[Abiky]

Bitcoin is sometimes termed as "Nerd money", because for elderly and middle-aged people the concept of crypto can be a bit difficult to grasp. Internet money (Paypal, Visa.etc) is not as complex as Bitcoin and therefore there is no point in comparing them with BTC. But as the old generation dies out, this hesitation for crypto is going to vanish.

That's certainly true, mate. Old generations would find it difficult to adopt Bitcoin for daily use. They're not widely familiar with technological stuff, unlike millennials. Since old generations are used to paper money, they tend to trust it more than anything else. In terms of ease of use, traditional payment processors are still much easier to use than Bitcoin. But, this will change over time as developers continue to improve the user experience of Bitcoin wallets.

Within a few years from now, it'll be easier to send/receive Bitcoin without any technical knowledge involved. Given that nowadays there is some technical knowledge required to perform multisig transactions, and more, Bitcoin is still "Nerd Money" to most people in the mainstream world.

Nonetheless, the perception of Bitcoin as "Nerd Money" greatly depends on the person itself. Some people will find it easy to use, while others will have a hard time understanding it. Education is key here, in order to help drive Bitcoin towards mainstream adoption. Just my opinion

[CryptoBry]

That's certainly true, mate. Old generations would find it difficult to adopt Bitcoin for daily use. They're not widely familiar with technological stuff, unlike millennials. Since old generations are used to paper money, they tend to trust it more than anything else. In terms of ease of use, traditional payment processors are still much easier to use than Bitcoin. But, this will change over time as developers continue to improve the user experience of Bitcoin wallets. Within a few years from now, it'll be easier to send/receive Bitcoin without any technical knowledge involved. Given that nowadays there is some technical knowledge required to perform multisig transactions, and more, Bitcoin is still "Nerd Money" to most people in the mainstream world. Nonetheless, the perception of Bitcoin as "Nerd Money" greatly depends on the person itself. Some people will find it easy to use, while others will have a hard time understanding it. Education is key here, in order to help drive Bitcoin towards mainstream adoption. Just my opinion

There is a learning curve with cryptocurrency and people of older generations may have a hard time understanding how this new thing works -- hell there are even many of them who don't have the basic model of a cellphone yet. This is the reason why I don't believe that bitcoin will be the global currency and that we can eliminate fiat money not unless a global decree will force people to use it. of course, governments will not allow that to happen. The term "nerd money" perception can be true with population who are not updated with things new and bitcoin is one of the many modern innovations that many people don't know of and don't care. But I believe that we are slowly getting into the time when bitcoin will be known as the new people's money.

[Ryan Dugan]

If nerd is what they call people engaging to bitcoins, investing and making profits out of it,  knowing its advantages and taking the risks, then we totally are nerds. Hahaha. I will be proud to be called nerd specially if this "nerd money" they referring to will be the way to make me successful, to make us successful and rich someday.  

Same on me, if it takes to be called as nerd to be rich I would love to be a nerd it is not actually an offending word people are just making fun of the word that makes it bad.

Nerd is such an old word. People still use geek but now geeks are cool. (cosplay, gaming, comics, movies etc etc etc) So nerd is just someone who knows a lot about difficult subjects or something? Like thick glasses fiddling with a pc like one of the people from the 70s or 80s. Back then you had to know a lot about computers. Nowadays everything has an interface and great GUI easy to use. Super fast and smooth. SO much happens in the background we don't even know about. Technology has become something we all rely on now. So I guess being a nerd has become so mainstream that the word has no meaning anymore.