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Author Topic: Bitcoin = Nerd money or not?  (Read 322 times)
Dreamchaser21
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February 04, 2019, 01:16:17 PM
 #21

Nerd or what as long as I’m enjoying this technolgy no one can stop me. Bitcoin is everything now, it can really rule our system in the future so better to invest more now. Some people may find us as a greedy investors because of trusting bitcoin, maybe they don’t know yet what the real bitcoin is.

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February 04, 2019, 02:45:09 PM
 #22

I'm pretty sure I qualify as a nerd based on my hobbies and interests with Bitcoin being on of them, so I guess that counts as anecdotal evidence? I guess hanging out at a forum that is mostly focused on digital currencies is kind of a nerd activity as well so if it looks like a duck...

That being said, being a "nerd" lost most of its negative connotations over the last few decades (remember that nerd chic phase?), so I'm fine with Bitcoin being called nerd money. Let's not forget that having a personal computer and hanging out on the internet used to be "nerd stuff" as well. Heck, computer games and comics used to be "nerd stuff" before they turned into the integral part of the entertainment industry that they are today.

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February 04, 2019, 02:52:04 PM
Merited by Kakmakr (1)
 #23

It's mostly because a lot of people get used to having their hands held and guided through things.

Would you call someone who knows how to google minor issues with his computer and fix them a nerd? Or someone who can change the theme of his android phone? Even someone that knows how to use utorrent?

Because I'm sure that by a lot of societies' standards, anyone being the slightest computer savvy is considered "nerdy".

If Paypal was Windows, Bitcoin would be Linux (only in the context you wrote in the original post), mainly because of how user friendly Windows is, and how you can press a button to fetch a driver, press another button and "troubleshoot", which isn't the case for Linux.

Paypal and Bitcoin are both digital money, but one of them requires a lot more setup than the other. And people are too lazy to go through the hoops of basic bitcoin security.

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February 04, 2019, 03:08:39 PM
 #24

So many formulation has been made just to describe bitcoin
Some call it internet money, blockchain gold, satoshi now nerd money.
Now it's helps the publication of bitcoin and I don't have any issue with that

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February 04, 2019, 03:16:50 PM
 #25

On the surface bitcoin appears to be a very complicated system, and to an extent when you delve into it. This high tech concept is the idea of it that a lot of people have, and this restricts them from getting to no more about it and doing quality research.
One does not need to be a nerd to simply own bitcoins.

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February 04, 2019, 03:52:42 PM
 #26

I think it's because we try to make more bitcoin and it makes most people stay in front of the computer. Maybe it looks like a nerd from other people opinion because we try to find out how to make more bitcoin. But I don't think that we are not a nerd people because of bitcoin hahaha But I don't mind if they called me like that, as long as they are happy hahaha

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February 04, 2019, 04:17:28 PM
 #27

I'm not really bothered by that, because it's all related to the individual in the end.

It's partly nerd money for me, because I do like to experiment, especially when it comes to Lightning. Bitcoin being a decentralized store of value (i.e. Gold 2.0) is what got me really hooked. If I have to give it a name, then I would call it freedom money, because no one can take it away from me, it's crazy divisible, and easy to spend. Nothing left for me to wish for.

I would say that things like Ethereum more closely resemble what people see as nerd money, because they are very experimental and programmable.

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February 04, 2019, 05:14:18 PM
 #28

I think that is indeed suitable for bitcoin. Moreover, nerd money is just a term because people think that bitcoin can only be used for a number of things and will be difficult to receive from the general public. Seems i just fine with this.

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February 04, 2019, 05:42:18 PM
 #29

I would definitely count myself in as a nerd if bitcoin is nerd money. When I heard of Bitcoin for the first time I was really surprised and fascinated.
I am a fan of technology and computers right from my childhood and when I heard of Bitcoin I was really happy to be a part of it.
The reason behind people calling it nerd money might just be because of the technology behind it. It is obvious that an ordinary will not be able to use bitcoin.
One has to learn about it in order to make the transactions. Be happy being called a nerd using nerd money  Grin

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February 04, 2019, 05:51:29 PM
 #30

PayPal is only online wallet nothing more nothing less
There is not any PayPal money
In a case of Bitcoin nobody teach about Bitcoin and technology behind Bitcoin
Now young people in my country what are programming students has blockchain like a specialization .But naked true is that they no nothing about blockchain and his teachers know nothing about blockchain. Blockchain now very popular term but there is nobody to teach what blockchain really is

But still many people think that banks make money.They even don't know that only his Central Bank has legal rights to issue money

So kids are just a kids it is responsibility of adult to teach them about modern and past world


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February 04, 2019, 07:21:18 PM
 #31

I look at what's useful for me, and so should others look at Bitcoin. People are quick to categorize everything they see and read about, while that's nothing more than an indication of ignorance.

If we purely go by the well known categories average joes believe Bitcoin fits in, then I'm sure that criminal money is right there at the very top. It was way worse years ago, but it's still something people think is a valid assumption.

The second most commonly known category is investments. Money is something most people don't even take into consideration because they don't know better than crypto being an investment tool.

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February 04, 2019, 09:33:18 PM
 #32

Bitcoiners, nerds? Impossible! Tongue


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February 05, 2019, 05:25:17 AM
 #33

I think if you call people like Roger Ver a nerd, you might end up on your ass or in hospital. The Winklevoss twins are also not a good example of a nerd in my opinion.  Roll Eyes

Labels like this are just used by people who are ignorant and uninformed and they use this as a barrier protection method to look cool and to hide the fact that they are clueless about complex technologies.

Would you rather be the clueless Jock or the knowledgeable Bitcoin nerd with loads of money, when this thing goes to the Moon.  Huh

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February 05, 2019, 01:58:02 PM
 #34

Most people don't understand how exactly Bitcoin works, it sounds insanely complex to them, so it's no surprise that they view it as nerd money. To this day when Bitcoin is mentioned on reddit, you will see top comments being "I still don't understand how Bitcoin works", and then people try to explain and also get it wrong, because Bitcoin's technology is full of nuances. So, Bitcoin is only easy for computer scientists and programmers, because they are already familiar with cryptography, data structures and networks, which can explain why Bitcoin seems like a nerd money to the uninitiated.

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February 05, 2019, 03:51:55 PM
 #35

Haha if ever I had a kid and asks me that, I'll say yeah I'm a nerd and I'm proud of it.

Going back to that, most of the successful and intelligent people are also called 'nerds' but they wouldn't mind that. I'm fine if someone calls me that because in this generation, there's a description and belief that nerds = smart people.

So if these folks keeps on titling bitcoin as nerd money, bitcoin's for smart people who uses smart currency(BTC).
Right I agree with you, nerds people are so smart and intelligent. If someone called me nerds I don't care cause I know in myself I am successful than them, cause I know the new technologies of cryptocurrency.
Majority doesn't really care if they will be called nerd or what. It almost means nothing to us, we're all bitcoin nerds and we're minding our own business.

Unlike those people that never stops making fun of using that word, they should get a life.

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February 05, 2019, 05:06:08 PM
 #36

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.  Roll Eyes <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.  Grin

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

If they call it Nerd money they do it because only smarter people understand how bitcoin work... How can you explain bitcoin to someone who doesn't even understand internet? How can we explain bitcoin to people who think internet is Youtube, Google, Facebook, and Twitter? or how could we explain bitcoin to the man who saves his bills under the bed? So, bitcoin is not nerd money, that's a term who ignorants gives, we can say bitcoin is the Smarters money because our logic doesn't crack when we hear about decentralization while 75% of humans thinks that's impossible.

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February 06, 2019, 04:42:09 AM
 #37

Well you are still interested in the technology and not the fast money which I must admit is why I got into Crypto I am also an unemployed Computer Graduate who lost all interest in everything computer coding application evaluation problem solving so as I lost a few grand may as well show some interest. Anyway this bear market taught me patience and now all the projects that looked expensive no-longer are. So wear the label well and look forward to the next bull run in 2025 LOL Grin
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February 06, 2019, 05:24:50 AM
 #38

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.  Roll Eyes <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.  Grin

Bitcoin Nerds will rule this world! <Bill Gates is 100% proof of that>
I am not an IT expert and I am just an ordinary individual living a simple life with Bitcoin earnings. Though not that big as others it will still be as important as everybody has in their wallets. For me calling Bitcoin as nerd money is something that is great to hear as a Bitcoin enthusiast because it symbolizes how creative and advance we are who used it for whatever we want online or in any crypto transactions.

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February 06, 2019, 05:37:16 AM
 #39

It's mostly because a lot of people get used to having their hands held and guided through things.

Would you call someone who knows how to google minor issues with his computer and fix them a nerd? Or someone who can change the theme of his android phone? Even someone that knows how to use utorrent?

Because I'm sure that by a lot of societies' standards, anyone being the slightest computer savvy is considered "nerdy".

If Paypal was Windows, Bitcoin would be Linux (only in the context you wrote in the original post), mainly because of how user friendly Windows is, and how you can press a button to fetch a driver, press another button and "troubleshoot", which isn't the case for Linux.

Paypal and Bitcoin are both digital money, but one of them requires a lot more setup than the other. And people are too lazy to go through the hoops of basic bitcoin security.

Yea, I like this example.

I used PayPal as an example because most people find that easy to use. I also think you find two kinds of Bitcoiners too, because you get the average Bitcoiner that would signup with say Coinbase and buy some coins and later sell them for a profit. <No technical knowledge required>

On the other hand you find the Bitcoin tinkers who would run a full node on a Raspberry Pi with solar power as a alternative power source.  Grin  <This might be regarded as the Bitcoin Nerd group>  Tongue

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February 06, 2019, 06:46:03 AM
 #40

Paypal's first days was just as bad as bitcoin's if not worse. they even had to give away money to make people come and trust their company and use it to make payments on the internet! I don't know for a fact if it was called that but I am sure it was considered a nerd money back then too.

it is just about being young, new and different. so people have to be bothered to learn how to use it and since they are usually lazy they don't learn and instead they choose to see it as a strange thing and end up with names such as "nerd money" to explain it to themselves and justify their own laziness.

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