Bitcoin investment is limited

[Smartvirus]

SAD LIMITATION OF BITCOIN

The world is in a constant evolution for better and best. This is the drive that pushes the extent of societal advancement not excluding the bitcoin innovation. Currency they say is the currency of the realm, a place now occupied by fiat for which bitcoin is looking to take over.
We are all pleased and amazed with how bitcoin is doing and hope that it becomes the future currency of the realm. With regards to this possibility, it becomes an increasing desire for many business minded persons to look into exploiting the growing field for investment opportunities that would yield good returns in the nearest future. Through the entire search and merry with bitcoin, I have come to the realization of a fact that, the investment opportunities available in this young field can only be exploited by a fortunate few. It became surprising to that even with the available income, this set of persons are still exempt which makes it sad.

Today is 1st of March 2021, I visited a merchant retail point and while I was there going about my business, I noticed a blind man being lead by his handler boy, what a small child he was but, it seemed he knew all the directions for which they were to take and the bargains on transport fare. It was quite an emotional thing for me to watch them communicate using both spoken and touch language to ensure an understanding between them as they gradually ascended a vehicle to an unknown destination to me. I stared at them as they vanished in the distance and it downed on me the reason for which I’m telling this story.
At that point, it struck me ;

If bitcoin investment is actually for everyone who is financially able and willing and of what future do bitcoin have for the handicapped (Blind persons).
We are all amazed with bitcoin and hope that it someday gains a world recognition and acceptance as an exchange media for the future. The digital nature of bitcoin and cryptocurrency makes visual acknowledgement very important and the insecurity that comes with making private keys and seed phrases public even amongst family makes me ask;

* What future do bitcoin holds for the physically challenge persons with regards to those without sight?
* Or the blind aren’t part of the future that bitcoin has installed for the rest of mankind?
* What investments plan lies there for the physically challenged persons in same regard?

It is sad to acknowledge these limitations of bitcoin and cryptocurrency as I know it now, to not only be limited based on funds but handicapped situations of individuals.

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[Heisenberg_Hunter]

Good post with a lot of much needed discussions regarding the future of payments and braille literacy. Digital era has brought lots of advancements in everyone's life including the blind people. With the current technology, speech-to-text and text-to-speech voice recognition software has been playing an important role in the life of blind people.

* What future do bitcoin holds for the physically challenge persons with regards to those without sight?

As of now, I believe development in inbuilt text-to-speech software in bitcoin wallets would be really helpful for the blind people to take a note on the mnemonics. For instance, consider the initial phase of creation of wallet from a blind person perspective :

[1] Someone would help them in installing a bitcoin wallet app which has inbuild text-to-speech and vice versa. When they enter the app, it grants them 12 word mnemonic which can be written down in their braille notebook.

[2] While sending bitcoins to another person for payment, the receiver would display the QR code and would help the person to scan the code. Upon scanning, the app should get a confirmation from the blind person voice for sending the payment. May be the same voice should be used to send payments? Kind of this works in real time!

[3] While receiving payments, the app should again use speech-text model to use the blind person speech to provide QR code. Once the sender sends the money, the app should intimate the money received through an automated bot voice.

For these to happen in the upcoming years, we need to invest more and more time on developing rather than speculating. Crypto market on the whole is flawed IMO 99% is here for becoming rich and not for the revolution!

[Baofeng]

I remember this thread a year ago: How Blind Person Access Bitcoin?.

A lot of suggestions on that thread, however, I don't know how feasible it is, https://icywallet.com though seems to be dead already.

[maxreish]

That's a deep questions.
 
 As we all know, bitcoin wasn't still not yet well adopted by many people. Most probably the handicapped ones. They are the first one to struggle accessing and using this kind of cryptocurrency.
 
 While if we look at the brighter side, it is certainly be a good help for some handicap person like that of blind man to have insurance or whatsoever that is related with bitcoin advantage. But, looking at it now it is hard to just connect it with people who have difficulties reaching new technologies.

[mk4]

Bitcoin is for everyone. It's just that the people with certain disabilities have to find out solutions on how to have access to it(without potentially leaking the private keys in the process and all that). In the first place, it isn't a magic bullet that literally fixes anything. And this isn't even a Bitcoin or cryptocurrency limitation, it's literally just a limitation of almost any other app or website(excluding a few).

[Darker45]

Such a sad reality.

I'm afraid limitation is always an integral part, I would say, in everything. There's no such thing as a perfect innovation. Bitcoin is no exemption. It's no gift from heaven. It has its own fair share of shortcomings. And there will always be some who will be left out. But, you know, we are constantly rolling. Developments and upgrades are always happening one after another.  I'd just like to point out that this does not necessarily make Bitcoin one huge failure.

The issue of our disabled or differently-abled brothers and sisters being seemingly forgotten is a huge one. It takes a different sphere for us to dive a little deeper into a more fundamental discussion about it.

[tbct_mt2]

SAD LIMITATION OF BITCOIN

Limitation for the blind. It is existing now but it won't exist in the future.

If bitcoin investment is actually for everyone who is financially able and willing and of what future do bitcoin have for the handicapped (Blind persons).

It can be solved in the future with bigger adoption and more developments in softwares, apps for disabilities.

Blind people can read through the Braille writing system and they also can hear if they are not deaf. Bitcoin has one method to back up their private key or mnemonic seeds to metal sheets and it can be used for the blind.

The barrier is how companies can build up those products for the blind but still can give them privacy and safety for their private key/ mnemonic seeds. For the blinds, I think mnemonic seeds are best for them.

[orions.belt19]

There are ways for the blind people to access and read things off the internet. I remember seeing on a twiiter a blind person able to tweet and read other tweets. I think he uses an app which enables him to read the other's tweet. If such as an app exists, then this could be utilized for buying and selling bitcoin. This shouldn't be confined to the use of crypto as well. The handicapped should be provided solutions for other uses as well especially since we are advancing towards a very digital age. Pretty soon, all payments will be made through the use of your phone or cards so there should be adaptions done for them.

[pooya87]

What you are forgetting is that the world turned digital a long time ago and it had nothing to do with bitcoin. We (including anyone with any kind of disability) already gave up on using physical cash for almost all our day to day transactions. And if anything the digitalization made things a lot easier for everyone.

For a blind person to pay using bitcoin, all they have to do is to use their phone to scan the QR code that is provided to them, have their wallet read the amount, destination and reason out loud and them to confirm the transaction using voice recognition or finger print on their phone.
Could you provide the same level of security using cash? no!

[maydna]

Bitcoin is for everyone, even for people who don't sight. He can ask someone who will help him send or receive bitcoin, and even he can ask that person to make a transaction for him. It needs an effort for people to use bitcoin, which is not about something that he doesn't have in himself. Bitcoin is a tool like fiat money that we already know. I am sure there is a way for people who can't see to use bitcoin, whether they ask other people or whatever they can, to use bitcoin.

People with physically challenged can hold bitcoin or increase their bitcoin in many ways, although we don't know how to solve it. But bitcoin itself is not fully adopted in all countries, so we don't know how to solve that problem.

[CryptopreneurBrainboss]

It's not but the community are making it limited. I remember seeing a thread about a new hardware wallet that offer the opportunity of our figure print to be used to unlock the wallet and it was criticize heavily. When behaviors like this comes form the community, it discourages developers from using their innovative mindset to bring out new development and trending ones too to the industry.

The blind or special attention individuals aren't firgetten but first lets achieve the global adoption from those without special attention. If weren't able to get the average joe to use bitcoin then how then do we expect that Joe with a disability to make use to bitcoin?.

With time, when the technology has gone global, development will be made to incorporate features like voice recognition that can be used to buy and sell on our Personal wallets and this too can be used to add security/unlock our wallet or probably face recognition, etc.

[davis196]

Yes,the crypto industry is limited for the disabled people,but can you answer these questions:
Is it easier for physically challenged people to use fiat money(cash)?
Is it easier for physically challenged people to trade on the stock markets?
Is it easier for disabled people to use gold or any other precious metals?
Disabled people are facing difficulties everywhere,so it's pointless to put the blame only on the crypto industry for being not enough user friendly for disabled people.

[franky1]

Yes,the crypto industry is limited for the disabled people,but can you answer these questions:
Is it easier for physically challenged people to use fiat money(cash)?
Is it easier for physically challenged people to trade on the stock markets?
Is it easier for disabled people to use gold or any other precious metals?
Disabled people are facing difficulties everywhere,so it's pointless to put the blame only on the crypto industry for being not enough user friendly for disabled people.

in the UK we have it lucky coins are different shapes and sizes
1p,2p,5p,10p thin round and different diameters
20p,50p mid thick, hexagonal and different sizes
£1,£2 thick and different sizes

bank notes are different sizes too. making it alot easier to identify physical money compared to say america

however when it comes to online trading of stock markets, ebay online groceries, bitcoin. there is actually accessibility options to turn text into sound. so anyone just wanting to use a computer that is blind wont see any problems as they are already set up. and so then deciding to trade online. is not much of a leap

however a blind person going from UK to america only using physical money. will find problems trying to understand the new form. that is less unique(us bank notes all same size).

yep digital money is actually easier for the blind when buying things online internationally compared to physical trading internationally

[so98nn]

* What future do bitcoin holds for the physically challenge persons with regards to those without sight?
* Or the blind aren’t part of the future that bitcoin has installed for the rest of mankind?
* What investments plan lies there for the physically challenged persons in same regard?

It has amazing future for every type of person that breathes on this earth.

You are just exaggerating the whole stuff by stating that Bitcoin is digital and it has no physical appearance which gives it limitation to be used by the mankind which is physically challenged.

Presence of physical currency does not mean it will have unlimited access.


Bitcoin / Crypto currencies are dome of the new era.

I am thinking of completely opposite case as what you portrayed here! The implications of bitcoin are huge and are limitless. The digital appearance of the bitcoin gives it different ways of using it.

At this very moment I could think about the infrastructure which can be used to overcome the current problems of using bitcoin.

For a blind you can have audible AI bot who will make the transaction for him. May be there would be applications who will confirm the private keys or passcode or access based on the voice recognition. May be he could transfer the crypto currencies from the booth where he will be given access with his palm scans and it's validity.

This is no sci-fi since more advance technique already exists which just needs to be implemented with the thought of using Crypto Currencies.

There are more Government schemes for the physically challenged as compared to the normal people. They exists for the traditional banking and I am sure the day we see bitcoin as valid currency (routine use) then we will have more ways of spending them and accessible ready for challenged people.

Yes, this is the case today with traditional banking too!

Yes,the crypto industry is limited for the disabled people,but can you answer these questions:
Is it easier for physically challenged people to use fiat money(cash)?
Is it easier for physically challenged people to trade on the stock markets?
Is it easier for disabled people to use gold or any other precious metals?
Disabled people are facing difficulties everywhere,so it's pointless to put the blame only on the crypto industry for being not enough user friendly for disabled people.

We know very well with what they are suffering. Some of the countries have world class facilities for them and some countries sadly don't!

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however a blind person going from UK to america only using physical money. will find problems trying to understand the new form. that is less unique(us bank notes all same size).

yep digital money is actually easier for the blind when buying things online internationally compared to physical trading internationally

Exactly! An audible Bitcoin ATM or even mobile application can do miracles for such people.
Even great thing is you dont have different coins and you dont have memorise any currency form here.

All you will have to say to your application that Send 2 bits with Economic fees Xyz and send to recipient 1, 2, 3 (name).
The addresses can be scanned by the shop owners and saved with specific names so that the challenged user next time can give commands accordingly.

For the peer to peer transfers one can request bits from their address and that can be conveyed to the challenged person in audible message. Then user can approve the request or decline the same.

So many things are there which can be made easy with the Bitcoin use / Digital use. It's just that we dont have approach in that manner yet. 

[Trinx01]

That's is a sad reality, handicapped cannot access bitcoin especially those blind people, wherein the most important for people to access cryptocurrency is sight. As time goes by, our generation became more technology-based and a lot of businesses and companies are looking for or implementing bitcoin as a means of payment, so the problem about it, how those blind people can do it when they cannot see anything. I am still hoping that there would be a solution for that thing in the future.

There is already a link at the top comment talking about how a blind people can access cryptocurrency mentioned by Baofeng, that link seems so useful.

[slaman29]

This is not the sad limitation of Bitcoin but of technology going digital, unfortunately.

I remember also some countries are trying to go completely cashless (being that all money should be digital) but then this ignores that it would immediately put out of business millions of people who rely on cash because they don't have smartphones and internet to use digital money.

I think you have good points, but this is not Bitcoin this is digital tech, so we need to find a way to fix access for the disabled for digital tech:)

[gurunanakji777]

Its our duty to save our private keys and seed phrase like we keep safe our CVV of cards and password of net banking if someone accesses these details can easily empty our bank Ac but still I agree with you its tough for a blind to person to keep it safe. Sadly it's challenging for the blind person to use this as fiat currency and I must say I am really impressed with your deep thoughts. Yes, in this huge crypto market only some fortunate investors successful here so an ordinary man is afraid of this risky market and fortunate people are those who keep patience.

[ChrisPop]

I am not really informed about how a visually impaired man manages his finances. My guess is that it has a personal assistant - either family or a government worker.
I don't think it is about what Bitcoin can do for them, but more likely a challenge to be solved by entrepreneurs. If Bitcoin actually goes mainstream and is used on a massive scale, I don't think it woud be hard to create a wallet application or device that is navigated entirely by speech, face and biometric parameters. Implementing the braille language is also an alternative.

[The Cryptovator]

What I realized from your post that how Bitcoin is usable for everyone where a blind man couldn't use it. First of all, this problem is God-gifted, we can't change that by our emotions. Do you think they are just limited to use cryptocurrency? They aren't limited to use fiat? Isn't complicated for them to maintain a bank account and ATM cards? They wouldn't act like a normal human to maintain it. I don't know if there is any easy or special way to maintain such things for a blind man. For that, we can't say fiat isn't usable for everyone. Technology developing day by day, perhaps there would be something where everyone would use Bitcoin once a day. But we shouldn't blame Bitcoin for that. It's just a matter of Technology.

[Smartvirus]

[2] While sending bitcoins to another person for payment, the receiver would display the QR code and would help the person to scan the code. Upon scanning, the app should get a confirmation from the blind person voice for sending the payment. May be the same voice should be used to send payments? Kind of this works in real time!

[3] While receiving payments, the app should again use speech-text model to use the blind person speech to provide QR code. Once the sender sends the money, the app should intimate the money received through an automated bot voice.

I agree with you that voice recognition is the best way out for the blind with bitcoin investment intent but, still the issue of safe transactions is always going to be an issue, having a third party supersede over all your transaction process puts you directly in the way of harm as, you just might not be so sure of what volume is sent or received at any point but, there could be a way out.

The programmable bot that goes by the name Siri is widely used now in many appliances and technological innovation and has been known to be quite useful and efficient in voice recognition and command, it could offer some possibilities but still, the issue of security poses a threat that can't be over emphasized.

Do you think they are just limited to use cryptocurrency? They aren't limited to use fiat? Isn't complicated for them to maintain a bank account and ATM cards?

You have a point there but, the fiat can be easily analyzed and identified by a blind man. It might interest you to know that, in situations of disabilities, other parts of the body is developed to fill in the function of the missing parts. Blind people's touch or sense of feel, hearing and mind works like magic (If i may borrow that word). So, having fiats stationed for them in a particular pattern, lets say, arranged according to a particular bill and placed differently, the shape volume and pieces they touch makes meaning to them and they could from there calculate how many they've spent and balance off. Not necessarily going to the ATM at any point to transact.

Technology developing day by day, perhaps there would be something where everyone would use Bitcoin once a day. But we shouldn't blame Bitcoin for that. It's just a matter of Technology.

Perhaps one day, there would be such advancement in the system to accommodate them and no one is blaming bitcoin for being bitcoin. You know, at some point i wondered, if bitcoin were to have a tangible physical form and i had to call myself back on the note that, at this point, it stops being a cryptocurrency. It assumes the fiat system of function like mare debiting one account to credit the other while in a network of systems.

Then again, it's just feels so sad that though willing, some can still be left out!