Check out this poll on Bitcoin - 95% would never buy!!!

[Kenshin]

Not a lot of people buy gold and silver either.

[freedomno1]

http://www.torontosun.com/2014/03/14/bitcoin-class-action-seeks-500m-compensation-for-canadian-users

I was just reading this article about the class-action lawsuit against Mt. Gox being filed in Ontario. They have a poll asking if one would ever buy bitcoins. Over 5000 voters and 95% voted no, while only 3% voted yes.

IF we went back 20 years I wonder what the polls would say for using the internet

[Ibian]

http://www.torontosun.com/2014/03/14/bitcoin-class-action-seeks-500m-compensation-for-canadian-users

I was just reading this article about the class-action lawsuit against Mt. Gox being filed in Ontario. They have a poll asking if one would ever buy bitcoins. Over 5000 voters and 95% voted no, while only 3% voted yes.

IF we went back 20 years I wonder what the polls would say for using the internet

You mean that place where all the criminals and child pornographers hang out?

[BitChick]

I guess the fact that a small percentage of people are open to buying right now is a good thing.

I would think that once Wall Street starts throwing money in, and the ETF's start to open then people might be "investing" because their financial advisers encourage them to "throw a little in" to "high risk" investments.  This will be the major catalyst to growth.  

Having spoken to some wealthy friends they respond by saying, "I will call my fiance guy and see what he says."  Of course they have been saying "stay away."  It has been considered too risky or they have not seen the benefits themselves but this will all change fairly soon.

Or if some celebrity says that they made tons of money, then the sheep will follow.  So far only a handful have admitted dabbling in it, Ashton Kutcher, Snoop Dog, Richard Branson.  Perhaps as more start bragging about it, the "lower IQ masses" will join in.  Or, it needs to be in a blockbuster movie of some sort.  

[wobber]

More proof of how much damage Gox has done.
Things will get better as time passes...

More proof on how damaged most people involved in bitcoin are, actually. Why? Because driven of get-rich-quick desires, most fucked up bitcoin's image. And pricks like Mark and Zhoutong did most of the harm.

However, I do not care. It's a certainty that MtGox won't be the last and frankly, it's just karma as long as we're using a decentralized protocol in a centralized way.

Do not forget: many early adopters are just random looser geeks. Myself included. Bitcoin taught many about economy, pshycology, money etc. Myself included.

[freedomno1]

http://www.torontosun.com/2014/03/14/bitcoin-class-action-seeks-500m-compensation-for-canadian-users

I was just reading this article about the class-action lawsuit against Mt. Gox being filed in Ontario. They have a poll asking if one would ever buy bitcoins. Over 5000 voters and 95% voted no, while only 3% voted yes.

IF we went back 20 years I wonder what the polls would say for using the internet

You mean that place where all the criminals and child pornographers hang out?

True enough might see surveys on what is the internet and then a bunch of it must be used for evil lol.
Or wonderful archives like this gem

https://www.youtube.com/watch?v=JUs7iG1mNjI

[MatTheCat]

And now you see the proper distribution of IQ levels in humanity.

Whatever....them 'low IQ levels' means that Bitcoin aint doing jack shit, for quite some time to come.

I am sure that you will be able to console yourself for the fact that your favourite asset isn't going to be performing very well across the medium term, in the knowledge that Bitcoin isn't performing because everyone else (who has there money in better things) is too stupid to buy Bitcoin.


Hooray for you, you above average IQ fkn genius.

Hold dem coins boy!

[Cluster2k]

Generally calling people 'sheeple' and saying they are below average IQ just because they disagree with you is not a great way to get them on side.

From the Western general public's point of view bitcoin solves very few problems and introduces many.  It's difficult to buy for most people.  It's not like you can walk to a corner shop and buy some.  Send money to an exchange?  Many exchanges have folded and taken everyone's money with them.  What does bitcoin buy that you can't buy more easily with your local currency?  Very few items.

The people who can appreciate what bitcoin is and what it can do are those that have had bank accounts confiscated (Cyprus), ridiculous ATM withdrawal limits and currency controls (Ukraine, Venezuela, etc), or people who lost life savings through hyperinflation (myriad countries).  Those people are generally not the ones clicking polls on a Canadian web site.

[freedomno1]

Generally calling people 'sheeple' and saying they are below average IQ just because they disagree with you is not a great way to get them on side.

From the Western general public's point of view bitcoin solves very few problems and introduces many.  It's difficult to buy for most people.  It's not like you can walk to a corner shop and buy some.  Send money to an exchange?  Many exchanges have folded and taken everyone's money with them.  What does bitcoin buy that you can't buy more easily with your local currency?  Very few items.

The people who can appreciate what bitcoin is and what it can do are those that have had bank accounts confiscated (Cyprus), ridiculous ATM withdrawal limits and currency controls (Ukraine, Venezuela, etc), or people who lost life savings through hyperinflation (myriad countries).  Those people are generally not the ones clicking polls on a Canadian web site.

You forgot to mention that their mayor is a Crack Smoking Pothead  

Toronto Mayor Rob Ford

[Sindelar1938]

5% is a lot actually

[BitOnyx]

So now we are taking info from The Sun ?!?!?!

[600watt]

More proof of how much damage Gox has done.
Things will get better as time passes...

More proof on how damaged most people involved in bitcoin are, actually. Why? Because driven of get-rich-quick desires, most fucked up bitcoin's image. And pricks like Mark and Zhoutong did most of the harm.

However, I do not care. It's a certainty that MtGox won't be the last and frankly, it's just karma as long as we're using a decentralized protocol in a centralized way.

Do not forget: many early adopters are just random looser geeks. Myself included. Bitcoin taught many about economy, pshycology, money etc. Myself included.

i would add "mass media" to your list. bitcoin taught me a lot about media. about how people with no clue write articles.

[kooke]

Not a lot of people buy gold and silver either.

Maybe not in bullion form. But the majority have something that contains gold or silver; electronics, jewellery, vehicles, etc.

[freedomno1]

So now we are taking info from The Sun ?!?!?!

Apparently that's what people go with
Although I guess if that poll is accurate not many sun users are into bitcoin lol

[traderCJ]

People only have so much capacity for absorbing new information.  Most people have neither the time, motivation, guts, money, etc. to "invest" in Bitcoin.  The general public thinks that Bitcoin is dead/crashing right now due to the Gox news.  Hell, recently a well-educated, intelligent colleague of mine was inquiring about the value of my Bitcoin holdings after the "huge crash".  He was under the impression that Bitcoins were going for around $100.  It took a few minutes to explain the actual situation to him.  Now take the general public, less educated and less intelligent than he is and fed by equally dumb news correspondents.  Well, it'll take a lot more than a few minutes to explain the situation properly and chances are at the end of the discussion, they'll be even more confused than when they started.  Shrug.