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Author Topic: People still don't know about Bitcoin  (Read 5641 times)
Rikafip
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November 30, 2020, 10:12:39 AM
 #41

Moreover, I have noticed that IT guys are overrated. Just because someone knows how to think algorithmically and write some code using a programming language, doesn't mean he/she is smarter than an engineer or a mechanic. Also there are so many branches of programming. If someone is a front-end coder, he might have never even heard about blockchain.
Well, it is a fact that in those early days bitcoin spread mostly among that group, and even now majority of people around me that are more knowledgeable about bitcoin and crypto in general are from that sector, and it is not a surprise. For me, thing that got me into crypto was mining part, and fact that you could make some money with your GPUs/CPUs , as back then (early 2014) I was really into PC hardware so for me that was kinda fun.


Potentially, the reason why most IT specialists, programmers, developers, and other tech-savvy individuals cannot comprehend the significance of bitcoin, the reasons it was created in the first place, goals it aims to attain is because bitcoin is more than a mere software program. The thing is even if you are able to understand what code inside that program does, it won't tell you why it does so. For example, Satoshi has found a solution to the problem of Byzantine generals, he created a digital and scarce commodity that cannot be copied but can be sent to anyone in the world. Okay, great... But why do humans need it? Not everyone is ready to dive into a rabbit hole to find an answer.
That's true, many simply do not see the reason why would they own any bitcoin. Whether for paying stuff, or as a form of investment as that's why majority of people are buying it for. Then there is a group of those that don;t want to admit that they were wrong because of ego, so they keep saying the same stuff. I was arguing with them for years on one IT forum, and almost none changed their mind. Despite all that, I still think that in these 11 years bitcoin spread more than even Satoshi or any other early people thought it will i such period of time, so I would say that we are ahead of the roadmap and,

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November 30, 2020, 10:27:11 AM
 #42

i think that was a normal reponse that you will get if a person you ask dont know anything about btc but for the people that already know it they will respond to you in another way .

 all countries in the world have thier own percent of people that are not yet into bitcoin so if i were you i dont wanna stress myself much about this things . sometimes people are just late learner but for sure the adoption towards btc will soon improve .
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November 30, 2020, 10:42:10 AM
 #43

There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?

How much there is who face this problem?

First of all, I would like to explain very briefly what bitcoin is .
Bitcoin is a virtual currency, a cryptocurrency, based on blockchain technology.
Bitcoin was created by Satoshi Nakamoto , an alias of someone who has kept his identity hidden until now.
Bitcoins is a cryptocurrency among a huge market of these, but it is the most famous for being the first known to people.
Bitcoins are listed on the cryptocurrency market, and can be bought and sold like a normal currency through an electronic purse or Wallet.
The difference between cryptocurrencies and euros, for example, is that the former are virtual and decentralized currencies , without being controlled by banks or institutions like traditional currencies. Tongue
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November 30, 2020, 11:00:30 AM
 #44

There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?

How much there is who face this problem?

We really cannot blame them if they do not have knowledge regarding Cryptocurrencies. Cryptocurrencies only lives within the Internet and people without access to Internet would really have no chance on learning them. One of the best way to introduce Bitcoin along with other Cryptocurrencies is by showing the results on what can be achieve if you have knowledge regarding them which is a great thing.
Some of them who knew Bitcoin in the era of moribound popular Ponzi scheme MMM were disappointed when the scheme turned scam thus had a bitter experience about it and never bothered to acquire more knowledge on it, however it has been a difficult task to inform newbies because of bad reputations of Bitcoin by MMM investors, meanwhile there are a lot of internet users who had not enquire about Bitcoin thus there is need for rigorous public enlightenment to teach people on the benefits of Bitcoin this is can be achieved by a collective efforts of crypto enthusiast in our respective communities.

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November 30, 2020, 11:42:24 AM
 #45

Only people who are in this forum can fully understand what Bitcoin is. Knowing how the mainstream media is giving wrong impression to its audience, surely people will stay away from it. There were only few platforms that allows people to gain right and correct and information about Bitcoin. Bitcoin is still in the early stage and gaining popularity more and more each year. Bitcoin will only be realized when mainstream and educational institutions provide good and essential information to the people.
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November 30, 2020, 11:51:12 AM
 #46

There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?

How much there is who face this problem?

It is the same like there are lots of people that do not know who Elon Mask is or know nothing about Binance exchange for example, what is synchronizer or how to raise wheat. In every direction there will be new facts and lots of information for everyone. And of course Bitcoin is well-known for those who is interested in money, profit and investments. For lots of people who are not interested in such things at all it is still something unknown and new.
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November 30, 2020, 12:03:07 PM
 #47

i think that was a normal reponse that you will get if a person you ask dont know anything about btc but for the people that already know it they will respond to you in another way .
Actually  even if they Know Bitcoin but the negative Crap only then sure no one of them will Use this Currency.
Quote
all countries in the world have thier own percent of people that are not yet into bitcoin so if i were you i dont wanna stress myself much about this things . sometimes people are just late learner but for sure the adoption towards btc will soon improve .
They will eventually Learn this but not today,Don't expect that every person you will met has a knowledge about crypto because this is not true.

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November 30, 2020, 12:22:19 PM
 #48

Why do you call it the problem? Bitcoin adoption can be sudden. People need more time to learn about Bitcoin and understand it.

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November 30, 2020, 12:43:28 PM
 #49

Yeah, it's true. I am from India and most of the people here thinks it's some kind of illegal money, which mostly work for criminal and other illegal stuff.
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November 30, 2020, 01:12:13 PM
 #50

There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?

How much there is who face this problem?
We can think that we are already in huge adoption but still, the majority haven't known yet about Bitcoin. Of, if even they heard the word Bitcoin as it was been talked about online but never know what is its role in our lives today. Total blindness still we saw around and we can't deny that because even on my family members never know as well. And the reason why the majority still not know about Bitcoin/crypto is that because many were also afraid to try due to doubts or nobody is telling them either.



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November 30, 2020, 02:07:27 PM
 #51

There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?

How much there is who face this problem?

Not just your country, it happens in other countries too many people are still ignorant of btc, for now the number of people who are aware and understand btc is very little compare to those are still unaware but even at that the btc awareness keeps growing steadily,
Compare to previous years btc has gain a lot of exposure, many people know btc now, if you look at the crypto Community, and as time passes many people will join the space.

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November 30, 2020, 02:17:05 PM
 #52

It is not something that is surprising anymore I think, for me personally with the environment where I live, they are aware of the digital era that is growing so rapidly that they are not only familiar with bitcoin. In fact, sometimes they ask me about an investment project with a certain coin or token, and basically I don't know the project exists and is being developed in my country. It's funny, when cryptocurrencies are no longer truly anonymous these days but what is unfortunate is that they still argue that cryptocurrencies are a quick way to get rich.

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November 30, 2020, 02:36:23 PM
 #53

We are a developing country here in Asia and it is sad to say that many of the elite knows about bitcoin and a small percentage of general public with nearly zero knowledge about it so I am now educating some of the younger people about crypto, I know I am no expert but telling them to read about it, its like helping them for their future.
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November 30, 2020, 03:18:02 PM
 #54

I think many people stay away from bitcoins thinking it is some illegal thing.And majority of people in my country doesnt know about bitcoins and those who knows have only negative things to say.As bitcoin is reaching 20k ,many media articles might cover bitcoins then maybe more people might know a bit more about bitcoins.
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November 30, 2020, 03:30:37 PM
 #55

Bitcoin is still a very new currency in the world. So we think it takes more time for some of the crowds to reach out and realize the convenience of using Bitcoin. Covid-19 is still happening and people are afraid of being in public contact and I believe Bitcoin will be the popular currency in buying and selling goods and people will know more about it.
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November 30, 2020, 03:49:16 PM
 #56

We are a developing country here in Asia and it is sad to say that many of the elite knows about bitcoin and a small percentage of general public with nearly zero knowledge about it so I am now educating some of the younger people about crypto, I know I am no expert but telling them to read about it, its like helping them for their future.
All the countries are already plan to develop the crypto knowledge and many hunters are similarly enter in the market. I think 2017 it was growing well in the market so already many peoples are invest the Bitcoin. It is a big discussion in China and India because these two countries have huge population so I expect everyone know the Bitcoin. Once it is globalized  in the world it will reach all the peoples.
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November 30, 2020, 03:57:12 PM
 #57

We have to understand if we encounter a lot of people who still have no idea what is bitcoin since it's still at the early stage of adoption. This is nothing new and it will still take time before we get to see more people know about bitcoin. Even if we are seeing news of bitcoin adoption, it's still not enough for other people to recognize it in certain areas. If you want to give an awareness op, then you can probably start by introducing what is bitcoin to some close people around you. But as I have said, it will take some time for bitcoin to be more known.
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November 30, 2020, 04:37:34 PM
 #58

We are a developing country here in Asia and it is sad to say that many of the elite knows about bitcoin and a small percentage of general public with nearly zero knowledge about it so I am now educating some of the younger people about crypto, I know I am no expert but telling them to read about it, its like helping them for their future.
I'm also from Asia, I think the level of advancement in technology and human resources has a huge influence on the development of Bitcoin knowledge. Even though I think the number of people who know about bitcoin has increased, but only a small part of it really knows about the Bitcoin technology. Maybe a lot of people hear about it but they think it's just an online gambling because they don't have access to learn about it.

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November 30, 2020, 05:23:39 PM
 #59

Most people have already heared the word bitcoin sometime, but these same people have never show any interest for it. Probably they don't even know bitcoin is a digital currency.
It happens because most people are guided by mainstream media and in many cases only popular entertainment programs, what means these people don't watch news. So they won't know what bitcoin is until these entertainment programs put crypto subject on their content. However don't feel bad about it. People just pay the price for their own ignorance and lack of interest.

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November 30, 2020, 07:31:06 PM
 #60

I am not surprised that it is not that very popular yet because most of the governments are not yet ready to teach crypto currencies in their country and I didn't see any country yet that do this kind of stuff.

But maybe in the future, crypto currencies will be included in the curriculum and this will surely serve as a bridge for the people to know about bitcoin or other crypto currencies. This is what I notice also in our country as I can see that there are very few who knows about bitcoin and what is worst, bitcoin has been use for scam investment in our country so bitcoins image here is pretty bad.
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