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Author Topic: Giving bitcoin awareness for easy adoption in my locality  (Read 432 times)
Merit.s (OP)
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January 15, 2023, 09:00:34 PM
Last edit: January 15, 2023, 09:17:21 PM by Merit.s
Merited by Ndabagi01 (4), LogitechMouse (3), Asiska02 (3), kryptqnick (2), DaNNy001 (2), HajiBagi (2), Mr.suevie (2), DdmrDdmr (1), uneng (1), Cookdata (1), Fullcoinese (1), uche6215 (1)
 #1







These people you see with me are into various businesses, two women among them happens to know me and we do support each other financially,for the growth of any business that is facing challenges. Mrs Sharon is the lady sitting at my right hand side,she own a boutique which she sells unisex wears. She came to me guest house to discuss about how difficult it has been for her to be able to pay her customer oversea for the goods she bought through her master card,which she got from her Zenith bank. I told her that CBN is changing every policy and that there has been a block on international transactions on every master card, and that international transactions online will no longer be possible,only if she will go to her bank for them to provide an alternative way.
 While I was still explaining at length for her to understand properly, I noticed her focus on the bitcoin payment payment which I post on the wall of the reception and bar that says I accept bitcoin payment.

She asked me that what kind of payment method is btc,that she has heard of it on social media and from someone that said bitcoin is a scam. I told her little about bitcoin but she couldn't concentrate on my explanation because she was worried about her goods and she left. I called her that evening and advised her to go to her bank the next day to rectify the issue, I also asked her to call her customer abroad,if he accepts btc payment. I called her the next day and she told me that she was on her way to my guest house from the bank with a friend. Finally, when they arrived,she told me that her customer customer oversea accepts bitcoin payment. She also said her bank couldn't attend to the issue due to much customers and told her to come back the next day. I was relieved when I heard this and I told her that everything is over and she will be able to pay her customer with btc,that it is faster,safer and reliable than the banks but she couldn't believe me. I took my time to explain to Sharon how come about btc,and how I started accepting it as an alternative means of payment in my business. Her friend paid more attention listening and they were also asking questions,which I was given them answers. After seeing what Mrs Sharon is passing through with her bank,it has become a challenge to her business and I know that so many other business people will somehow pass through this situation directly or indirectly. I told her that as business people, we are to follow the new era of digital currency payment method which is done online and adopt it in our various businesses.

I put her through on how to buy btc and how to setup a wallet, she paid her customer and got her goods. She now has a bitcoin holdings. After some days,I thought of how Sharon will always be buying btc with fiat to maker her payment for her goods overseas. So I said let me use this opportunity to spread and teach bitcoin awareness to people in my locality starting with businesses people. Since Mrs Sharon is in a union with business people in her area,I decided to call her an tell her to see if she can talk to them that there is a new development in business,that she has already arranged with someone that will come and teach them about bitcoin,to enable them benefits from it,so that they might consider accepting it as an alternative payment method in their business if they are OK with it. Sharon did as I directed her and informed are business colleagues, the women concluded that for the meeting to be possible, I need to come over to their community because of their busy schedule with their businesses, which I accepted and a date was fixed by them. On the appointed day,when I got to Sharon's place she made calls and within 30 minutes,I saw these people,who said for now they are the only ones who wants to hear what I have to introduce to them.

They took me to this room for the meeting, I chose to carry everyone along for proper understanding by using our local language.I chose to givethem about bitcoin awareness first and teach them the basics of bitcoin concept,so that if any of them is interested to apply it in their business, then I will teach them how to get a wallet and how a buy and receive bitcoin.  If ther e is any interested person among them I have planned to teach next about how to secure their btc safely in their business either by accepting or buying bitcoin in my guest house next.

What I taught them about bitcoin

what is bitcoin
Bitcoin is a digital currency that was launched in 2009, and was created by Satoshi Nakamoto and his group. It is a decentralized and uses peer-to-peer payment system,which prevent third party, institutions and governments when making transactions.

why was bitcoin created
To serve as an alternative means of payment so that people will be free from central control system and giving a common man the capacity to control his funds through a decentralized system.

usefulness of bitcoin
- it is used to pay for goods and services either locally or overseas,in this part Mrs Sharon was they case study which she explained her experience in paying with bitcoin to her customer.
- It can serve as a part time job for traders who are into trading of btc.
- It makes transaction easy and faster.

Importance of bitcoin
- Inflation cannot affect bitcoin, if you have your savings in btc during inflation, if fiat currency depreciates,btc still maintain it's value.
-Btc has a volatile nature, which can make you a quick rich person in a twinkle of eye,if the price hits the bull market at a very high place. The price can also go down and you might be discourage in it.
- You will be the one in total custody of you btc,by becoming your own bank and nobody can trace or know when you are making a transaction because transactions is added to the blockchain.
- It gives financial freedom,i.e banks and government can not have access to your funds or freeze it.

Consequences of using bitcoin
- If you leave your btc in an exchange, you will surely lose your coin,you need exchanges only when you want to trade. You can only leave funds that you can afford to lose in an exchange. The reason is not your key,not your coin.
- If you btc is not properly secured in your wallet,it can be stolen by hackers.
- If your seed phrase does not have a proper back up,if you forget your password, you have lost your assets.
- You can also lose your coin when you mistakenly send it to a wrong address. Btc sent can't be reversed.

Do you think it will be possible for these business people to welcome this new idea and implement it in their business ? Wouldn't it look crazy to them ?




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January 15, 2023, 09:11:45 PM
 #2

I hope you succeed introducing all these retail merchants to bitcoin. There are many potential adopters there, as I can see.

As I understood your bank forbade using credit card for international transactions, so you can't import goods anymore. Then your friend contacted the foreigner supplier and he answered that bitcoin payments are accepted. Is that correct?

If so it's already great news. You just have to make sure this supplier is a trustful businessman, but to import goods through Bitcoin can be a great idea and a great way to introduce all those merchants immediately!

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January 15, 2023, 10:27:16 PM
 #3

First, you did a great job helping Mrs. Sharon successfully pay her vendor from overseas. But most of these women seem not to be interested, so I advise that you don't compel them to accept Bitcoin payments like you or Mrs. Sharon. If only a few among the others find it more interesting, you can further the knowledge so that you don't get blamed for any loss those who don't agree with you may incur.

OP, You taught them about the consequences of using Bitcoin, but it seems you didn't mention to them how Bitcoin volatility works, which is something you also need to educate them on. They should be able to decide how to manage their capitals in times of volatility; although businesses may require such volatility to take advantage of a market surge, if there is a downturn, they can incur losses too. So either they are converting to local currencies after sale.

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January 15, 2023, 10:35:44 PM
 #4

You have made a great move by giving these people fresh knowledge about Bitcoin for those of them who are just hearing it for the first time I am sure in one way or another they might have heard about it but this might be their first physical lesson about it.
Since you have narrowed down the importance to them and how it works... I also assume you also taught them about security and if they eventually want to start accepting it on their small business, you, they should know how to protect themself from theft, the best wallet to use. and they should also be aware of crypto up and down price, for most of this market women all they care about is profit when they see their coin reducing in value, they might sell out of panic, some of them might end up harassing you that you introduced them to something that made them lose money...   

 
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January 15, 2023, 10:46:09 PM
 #5

That's really great to see people working to spread the usage and the need of bitcoin and cryptocurrencies. People are participating with good interest which is the best part. Already there were people spreading the word about bitcoin and one more gets added to the list. Doing needful thing without expecting anything is really great. Maybe what is being shared and taught will surely make these people have life changing experience in the coming years.

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January 15, 2023, 11:02:34 PM
 #6

I am always happy to see devoted people I. This comm6that are ready to spread the news to people around them about what it entails to be a Bitcoin holder and also learn some prerequisite steps that would safeguard us as an investor. Thee are different ways we can inform people about Bitcoin as a cryptocurrency so that the news and more people will keep being informed.

 
That's really great to see people working to spread the usage and the need of bitcoin and cryptocurrencies. People are participating with good interest which is the best part. Already there were people spreading the word about bitcoin and one more gets added to the list. Doing needful thing without expecting anything is really great. Maybe what is being shared and taught will surely make these people have life changing experience in the coming years.
Promoting Bitcoin is a good thing to the community and that would change people's mindset about the contrary things they might have heard about Bitcoin entirely. Before I came across what Bitcoin really does, I usually thought it was like a ponzi scheme where they do lure people to invest and at the end people could lost there money. Different people with different views. This will make a positive impact.

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January 15, 2023, 11:17:11 PM
 #7

Sharing knowledge about bitcoin and giving them an awareness of what bitcoin is is a good sign that the people there in your locality are willing to learn.
I want to start that in my area starting with my relatives but upon checking the vibes here, it's not applicable here. That's why whenever I see folks doing their own share for bitcoin, I'm happy and just cheer you guys with the positivity that you're doing.

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January 15, 2023, 11:33:17 PM
 #8

I saw they are sleepy, maybe you are a boring lecturer  Grin
Jokes aside, spreading bitcoin adoption among business owners is a great step. I think now your friends/colleagues now know how bitcoin can affect their daily transactions and how much they can save time, money and effort by using bitcoin. Plus they can avoid some legal issues while making international transactions.
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January 16, 2023, 04:10:44 AM
 #9

you did the right thing. And I know exactly what kind of difficulty we have when we explain bitcoin to people who are completely new to bitcoin. Sometimes we have to explain with a parable or make an example or illustration so that it is easy to understand.

but one more difficulty that we all sometimes encounter in our daily lives when someone asks about bitcoins. that is, when the person asking is really behind in digital technology knowledge. usually the person is elderly (old).
However, we must explain in a language that is easy to understand. if possible then teach directly with direct practice.

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January 16, 2023, 04:54:56 AM
 #10

I hope you succeed introducing all these retail merchants to bitcoin. There are many potential adopters there, as I can see.

As I understood your bank forbade using credit card for international transactions, so you can't import goods anymore. Then your friend contacted the foreigner supplier and he answered that bitcoin payments are accepted. Is that correct?

If so it's already great news. You just have to make sure this supplier is a trustful businessman, but to import goods through Bitcoin can be a great idea and a great way to introduce all those merchants immediately!
Yes you are right,the foreigner has been doing business with her for two years now, but due to the change of bank policy it made it difficult for her to pay through the normal way she do pay him. He is trust worthy as I asked her all these questions. She is with her goods now.
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January 16, 2023, 04:55:47 AM
 #11

Sure, it will sound crazy at first, but when they understand what Bitcoin really is, they will surely find it fascinating.

In any case, spreading the Bitcoin culture in the local community is important and necessary. At first, you will face some difficulties, but with time all problems will be resolved.

But it will not be so easy, especially if bitcoin is illegal in your country, you should pay attention to this important point because they may cause you a lot of problems in the beginning because it is a new experience for them.

It is good that you alerted them to the dangers of holding bitcoins on centralized exchanges, and it is necessary to alert them to the importance of preserving privacy as well.


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January 16, 2023, 03:26:50 PM
 #12

I don't think the faces are crossed out enough to be beyond identification if needed, and initially I thought the black lines were some sort of fancy equipment, but other than that, great job, op. It's wonderful that you're helping your local community learn how to use Bitcoin as payment, and it's cool that the audience is women, who tend to be underrepresented in business, in tech, and most likely in Bitcoin usage as well. Adoption of Bitcoin by merchants is important to promote the actual usage of Bitcoin as money, rather than holding or trading. I hope at least some of the businesswomen will get interested and give adoption a shot.

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January 17, 2023, 06:54:41 AM
 #13

There are a lot of fabricated stories these days on bitcointalk just to get Merit, I am not discrediting your efforts if you are really sincere, but this looks looks like one judging from the picture evidence that you provided OP, It is simply not sufficient, there is no enough evidence on the pictures to really proof that you were having a discussion about bitcoins with these women alongside the young boy and girl in the pictures with school uniforms which can easily be spotted just by looking closely.

The women in those pictures look to be waiting for something and not interested in anything else.

For future sake and for others reading this post whenever you trying to make a topic about how you created awareness concerning bitcoin, please be sure to provide enough picture evidence so that we are certain that your story is credible.


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January 17, 2023, 10:14:23 AM
 #14

OP i understand your desirous mind towards bitcoin adoption especially in areas where needed and close to you but let's be professional a little in what we do, you cannot just come up with having a snap on people's pictures we don't know the aim or major purpose for their gathering and assume to be for bitcoin and still yet expecting us all to believe you whereas no any trace or evidence to prove that this indeed is a bitcoin discussion session you're having with the people, nothing showing bitcoin, the settings does not look like a learning ground, no teaching aid materials, nothing than people's pictures sitting in a disorganized manner, common wake up, this is a large and well reputed bitcoin community and we know what people are upto.


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January 17, 2023, 12:24:29 PM
 #15

Nice move and kudos to you for contributing you own bit in promoting bitcoin adoption..

But I am particularly concerned with the fact that we can see the faces of the student ,(though their faces are shaded with black marker for privacy reasons obviously) but we cant see the face of the teacher him/herself, or an image of him/her standing while teaching, neither can we even see the blackboard, or papers where your teachings are outlined...

Sorry for being so blunt, but for all i know, this could be women gathering and doing their own thing, you take a picture of them and share it with us here and claim you were teaching them bitcoin, for no other reason but to fish merits - like i said earlier, i am sorry for being so blunt, and maybe i should also apologize for have a different opinion from the others ..
Am open to being proved wrong though.

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January 17, 2023, 12:57:16 PM
 #16

This is a good move to have awareness on bitcoin and your initiative on doing this is really good but can you also put photos on your lessons? or like how do you give awareness on them like any proofs? As others posted like a whiteboard with Bitcoin definition all over it since you just take a photo and some sort of just talking things. But again continue doing this (if you are really teaching or spreading awareness)  as for sure there are women/business women will try to integrate bitcoin on their business or they want to invest and hold bitcoin
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January 17, 2023, 02:22:24 PM
 #17

They don't look interested to me  Grin , as expected, are you from Nigeria OP? Those women outfit is why I asked, older people are the hardest to lecture about crypto and Bitcoin, it's most times a waste of your precious time, I will rather spend my time with I.T students and Youths, they listen and do some digging themselves.

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January 18, 2023, 03:08:42 PM
 #18

This is a good move OP. You did well by putting them through on bitcoin but looking at them, do you think they were able to assimilate what you taught them. The ladies are looking elderly and you know elderly women find it difficult to play cool at such when it comes to technology and innovation of such magnitude, they find it difficult to adapt very fast but anyways you have done well OP. I hope you did tell Sharon and the others on the best safe and secured way to store their coin and possibly how to identify their wallets and private keys so as not to get confused when they see it. Telling them about the market will also be good because they would need to know how it works. Nevertheless, OP has done well onboarding new members irrespective of their ages, the to can onboard their children if they can be able to do so.

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Franctoshi
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January 18, 2023, 03:29:28 PM
 #19

They don't look interested to me  Grin , as expected, are you from Nigeria OP? Those women outfit is why I asked, older people are the hardest to lecture about crypto and Bitcoin, it's most times a waste of your precious time, I will rather spend my time with I.T students and Youths, they listen and do some digging themselves.

I can only see woman here in the picture and precisely older women , however it's a good thing that you are trying in your own little effort to create more Bitcoin aweness in your area, but I would advise next time you engage more on the younger ones both Gender, because this are the people that will need Bitcoin most in the future and will be able to understand whatever you teach them better.

 And too here in some part of Africa, using Nigeria as an example, most women within this age are not that exposed to technology, doesn't even know what is internet and how to operate smart phones.

 
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Genemind
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January 18, 2023, 03:30:54 PM
 #20

I really appreciate people who are really eager to educate people regarding cryptocurrency. It's true that it's really difficult to grasp the idea of cryptocurrency at first and even if you've been into crypto for so long it's a continuous learning process. Not everyone has the patience and perseverance to teach newbies about crypto. It will be great if many business owners learn about cryptocurrency and how can it be used in their business. It's true that it's a struggle to transact overseas, but with cryptocurrency, it can be done easier since no third-party is needed.
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