A hilarious video that shows so many persons ignorance about bitcoin

[taufik123]

Judging from some of the interviews, they don't fully understand crypto or Bitcoin and even don't know it at all.
When the host gave a choice of 2 Bitcoin or 2 million Naira, the man chose 2 million Naira as the top choice because he only saw the amount of money, not the price of Bitcoin when converted.

Bitcoin is just considered like a worthless coin because it is digital and not real.
It's also because they don't fully know about Bitcoin.

Just like in my country who generally still don't understand what cryptocurrency is, how Bitcoin benefits, and the technology in it.

If this is said to be a funny video, of course, it is because of the choice that we think is wrong, and should choose Bitcoin which certainly provides more Fiat if converted.
But according to those who don't understand, Bitcoin doesn't mean anything.

I'll find this video educational if, at the end of the interview, he gives some mini book regarding bitcoins and some freebies to promote it; if it's that the case, then it will be worth sharing. But if it's just some survey proving how ignorant people are regarding bitcoins until now, then it's not that bad.
-snip-

It should be so, because they don't understand anything about Bitcoin, the end of the question should provide knowledge about Bitcoin so they can know how valuable Bitcoin is if they have it.
If without education then this is just a joke video that has no purpose other than seeing the stupidity of someone who doesn't know Bitcoin.

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[kryptqnick]

From the video, it's clear that people have varied levels of understanding of Bitcoin and its value. Also, honestly, to me there are too many short loud interjections in the video, it's a bit hard to focus. Aside from that, I don't have an understanding of naira's value, so I had to consult with the exchange value a lot.
I know people with varied degrees of familiarity with Bitcoin: people who have the general idea, people who actively engage in crypto trading, but also people who I'm sure have never heard of Bitcoin and have no idea how much it might cost or how it works.
After all, we're still in the early days.

[isaac_clarke22]

To be honest, I find their English hard to understand and I wouldn't really take seriously videos like this one because I think most of the time they just pay some money to say this or that in video. It's also curious that most of them time when people are asked with this question, no one asks back what is Bitcoin or what's the price of bitcoin or how can they exchange it, that's why I don't believe in the authenticity of these videos.

Yeah I kinda felt the same. It kinda looked like it was staged based on how the respondents responded to the speaker. Bitcoin is so wide for a topic that asking someone about it would guarantee you another question back, lol. Along with their local language, it's kinda hard to understand as well based on their tone.

Props for the effort though still. At least people still got an exposure to Bitcoin around Facebook.

Judging from some of the interviews, they don't fully understand crypto or Bitcoin and even don't know it at all.
When the host gave a choice of 2 Bitcoin or 2 million Naira, the man chose 2 million Naira as the top choice because he only saw the amount of money, not the price of Bitcoin when converted.

Assuming that the video was authentic, in opposite of what I assumed previously, it will look like that they do not have an idea at all when it comes to crypto. I would expect the same answer even by ETH, unlike when you ask in US Dollar equivalent though.

[Renampun]

I read somewhere in this forum, I can't particularly place the section but the person said, there's no one in this century who hasn't heard about Bitcoin and who doesn't know the future it holds for us and I was of the opinion that that can't be true.

Judging from my immediate family, I could tell my parents may know that there's something called Bitcoin and that's because myself and siblings hold random discussions about it.

Going through my Facebook account yesterday, I also discovered a very funny trending hilarious video that support my notion.

https://www.facebook.com/kobokocomedian/videos/1312697769656434/?app=fbl😂😂😂

we can't blame them for preferring cash over 2 Bitcoin which is worth much more than that cash due to their limited knowledge about Bitcoin and its value at the moment. Moreover, the interview was conducted in a developing country whose citizens rarely hear information about Bitcoin. even in developed countries, there are still many people who are not familiar with Bitcoin and Altcoins, especially in countries like that.

so that's the importance of our role in being able to spread information about bitcoin wherever we can, I'm sure that the more active we are in providing information about bitcoin on social media or those closest to us, the adoption of Bitcoin will increase and it will definitely benefit all of us.

[bittraffic]

If he just explains how much BTC is in naira, it will be chosen no matter if they don't know how to convert it to cash. 

Although we hear a lot about it that Nigeria had been adopting BTC and there was even a time when the value of BTC in this country is way higher than the international market.  AFAIK the government of Nigeria even launched enaira which I assumed was to counter the adoption of BTC. You wouldn't really believe the adoption could be as massive as everyone will know BTC in the country. Not all will find BTC trustworthy especially when they have not even heard of it.

[PeRo]

I've seen a lot of videos like these that are filmed in the US or Europe, and the answers are pretty similar. Even though Bitcoin has gained a lot of popularity, not everyone still knows/cares about it, and even if they have heard about it, how does someone expect that they know how much is the exchange rate. Of course, people will choose what seems like a better answer even if it isn't but they just don't know.
I love Bitcoin and everything, but you can't really judge people or make fun of them for a topic they most likely don't care about. Even though this post is a comedic topic, we could be better off explaining and helping people adopt it easier and have the benefits that come with investing or just using Bitcoin.

[Agbe]

To be honest, I find their English hard to understand and I wouldn't really take seriously videos like this one because I think most of the time they just pay some money to say this or that in video. It's also curious that most of them time when people are asked with this question, no one asks back what is Bitcoin or what's the price of bitcoin or how can they exchange it, that's why I don't believe in the authenticity of these videos.

The English nis a Nigerian language and really video is interested. Someone is rejecting 2 Bitcoin and accepting 2 millions naira which is equivalent to $2647.25. Really ignorant is a disease. How can someone rejects 2 BTC for just $2647.25, I don't think there were sponsored to speak. From the appearance of the speakers the video looks genuine. The price of bitcoin was asked in the first interview which the lady said she didn't know the price of half bitcoin and yet she just decided to choice bitcoin over the fiat currency. Though I am not talking about the authenticity of the video but to some extent o see genuineness of the video and it was really fun.

[mendace]

Going through my Facebook account yesterday, I also discovered a very funny trending hilarious video that support my notion.

https://www.facebook.com/kobokocomedian/videos/1312697769656434/?app=fbl😂😂😂

As always I believe in a small part of these videos, but doing some math how many are we on this planet?  And how many people are there in this forum who are supposed to know at least a little Bitcoin?  So it seems to me that only a small fraction has found interest and somehow tried to get information.  Even if the appearance seems to be able to find Bitcoin and information easily this is not the reality.

[JoyMarsha]

Many people have heard of bitcoin, but not everyone who has heard of it is aware of its value and potential. That is the genuine event described in the Facebook video.

Bitcoin is preferred over the sum of money mentioned by those who are aware of it and its value. While those who have heard of bitcoin but are unsure of its value go for fiat. That's exactly what happened in the video.
 
The irony of everything is that. People would continue to value what they know to be valuable above what they do not know. You can't just ask someone at random who you meet a question about something he doesn't completely understand and expect him to give you a good answer.

[Fullcoinese]

Many people have heard of bitcoin, but not everyone who has heard of it is aware of its value and potential. That is the genuine event described in the Facebook video.

Bitcoin is preferred over the sum of money mentioned by those who are aware of it and its value. While those who have heard of bitcoin but are unsure of its value go for fiat. That's exactly what happened in the video.
 
The irony of everything is that. People would continue to value what they know to be valuable above what they do not know. You can't just ask someone at random who you meet a question about something he doesn't completely understand and expect him to give you a good answer.

yes that's right someone will trust more with what they fully know and are familiar with that something. because it is better to use something that we know and we already understand the value and how to use it.
even though the video that OP shared was made for entertainment purposes, in my opinion, this video includes a random sample to find out how knowledgeable Bitcoin is, and this video also includes one of the indirect promotions or introductions to Bitcoin.
Even though Bitcoin is often a hot topic of discussion in various parts of the world, there are still many people who do not have clear knowledge about Bitcoin.

[bitzizzix]

It's just a matter of knowledge and doesn't mean they don't know bitcoin, and if asked about bitcoin knowing only the name then obviously people will choose money over bitcoin. Because money is so easy and they are also used to it and can use it right away compared to bitcoin, they have to know the process, especially the value.
and if he asked those who know about bitcoins, they would definitely choose bitcoins, especially if they knew its value, they would be very happy.
and indeed there are still many people who don't know bitcoin well, especially those who live in rural areas and this is real because I also asked about bitcoin when I was in rural areas and some didn't know at all and some only knew or heard about it and I tried to explain it in a clearly in a nutshell maybe because I'm sure that over time they will figure it out too because if bitcoin is compared to money, money is superior because it has been around for a long time. long. But with time they will eventually figure it out and will also compare it.

[aioc]

To be honest, I find their English hard to understand and I wouldn't really take seriously videos like this one because I think most of the time they just pay some money to say this or that in video. It's also curious that most of them time when people are asked with this question, no one asks back what is Bitcoin or what's the price of bitcoin or how can they exchange it, that's why I don't believe in the authenticity of these videos.

And I thought I'm the only one.
There are content creators that interview people randomly and some pay people to act or give answers they dictate I don't know if this video is random or if the guy pays people to give answers that he dictates all I know is Bitcoin is popular among our Nigerian brothers and content creators need not create a video like this, all they want are views to monetize their content, they do not reflect the knowledge of the people in one's country about Bitcoin.

[pawel7777]

(...) and content creators need not create a video like this, all they want are views to monetize their content, they do not reflect the knowledge of the people in one's country about Bitcoin.

You can't blame them really. If certain content generates more views, and therefore more money, there will always be someone who would try to capitalise on that. So if we want content creators to stop producing garbage content - we need to stop consuming garbage content, and either start watching something valuable, or just switch off the tv (or other device). Simple as.

[Rruchi man]

I read somewhere in this forum, I can't particularly place the section but the person said, there's no one in this century who hasn't heard about Bitcoin and who doesn't know the future it holds for us and I was of the opinion that that can't be true.

Just like the gospel in the Christian doctrine, it has not been preached in many places and many people do not yet know about it even though the gospel of Christ has been existing for a long time. The same goes for cryptocurrency and bitcoins, It will be naive for you to assume that everyone around the world has heard about bitcoins just because you have.

If we all contribute in our way to sharing word about bitcoins, it will go a long way in reducing the ignorance people have about cryptocurrency and bitcoins.

[Blitzboy]

It's just a matter of knowledge and doesn't mean they don't know bitcoin, and if asked about bitcoin knowing only the name then obviously people will choose money over bitcoin. Because money is so easy and they are also used to it and can use it right away compared to bitcoin, they have to know the process, especially the value.
and if he asked those who know about bitcoins, they would definitely choose bitcoins, especially if they knew its value, they would be very happy.
and indeed there are still many people who don't know bitcoin well, especially those who live in rural areas and this is real because I also asked about bitcoin when I was in rural areas and some didn't know at all and some only knew or heard about it and I tried to explain it in a clearly in a nutshell maybe because I'm sure that over time they will figure it out too because if bitcoin is compared to money, money is superior because it has been around for a long time. long. But with time they will eventually figure it out and will also compare it.

Your point on Bitcoin' steep learning curve is valid, yet it doesn't confer traditional currency superiority. Bitcoin, with its potential for economic autonomy and safety, overrides its seeming complexity.

Bitcoin' immunity to governmental mood swings is a crucial boon, notably in the current volatile geopolitical climate. Also, its peer-to-peer attribute safeguards it against hurdles familiar to traditional banks.

Though Bitcoin is presently a specialist' financial vehicle, it harbors great promise. It's upon us all to circulate its knowledge, debunk misconceptions, and accelerate its adoption. Old money may have its age, but it can't eclipse Bitcoin's transformative prowess. Tenacity and continual enlightenment will, in time, steer Bitcoin to mainstream currency.

[pawel7777]

I know Nigeria has one of the biggest bitcoin markets in Africa because many Nigerians especially the youths are embracing it. But bitcoin awareness is low among those between the ages of 50 and above. Many of them might have heard the word Bitcoin but I can attest that they know little or nothing about the currency. In the rural areas, many people have not even heard the word Bitcoin. As many members have said, most of the content on these social media space is staged to achieve an objective. But no doubt bitcoin awareness is increasing every day even among the elderly.

You're not wrong about Bitcoin being popular in developing countries, and I was surprised to discover that, out of all countries in the world, in 2020, it was Nigeria, that had the highest rate of the population actually using crypto:

Cryptocurrency is most popular in countries in Africa, Asia, and South America compared to Europe, North America, or Australia. In Nigeria, for instance, 32% of people (roughly 1 in 3) surveyed in 2020 said they use or own crypto.

source: https://explodingtopics.com/blog/blockchain-stats

In the same time (2020) some survey showed that the rate in US was only 6%, so quite a big difference. Of course, such surveys are not always very reliable, and a lot could change since 2020.

[Mate2237]

I read somewhere in this forum, I can't particularly place the section but the person said, there's no one in this century who hasn't heard about Bitcoin and who doesn't know the future it holds for us and I was of the opinion that that can't be true.

Judging from my immediate family, I could tell my parents may know that there's something called Bitcoin and that's because myself and siblings hold random discussions about it.

Going through my Facebook account yesterday, I also discovered a very funny trending hilarious video that support my notion.

https://www.facebook.com/kobokocomedian/videos/1312697769656434/?app=fbl😂😂😂

There many persons that have not heard about Bitcoin. For where I am living out of 100 person it might be only 40 person that might know about Bitcoin. One thing we have to know is that, there some persons that k ow about Bitcoin but they are not interested on the cryptocurrency because they have taking Bitcoin for scamming or bad something. While there are some people are there that are ignorant of the blockchain and if you tell them potential of the coin they will like to invest and use Bitcoin in their future.

[South Park]

I read somewhere in this forum, I can't particularly place the section but the person said, there's no one in this century who hasn't heard about Bitcoin and who doesn't know the future it holds for us and I was of the opinion that that can't be true.

Judging from my immediate family, I could tell my parents may know that there's something called Bitcoin and that's because myself and siblings hold random discussions about it.

Going through my Facebook account yesterday, I also discovered a very funny trending hilarious video that support my notion.

https://www.facebook.com/kobokocomedian/videos/1312697769656434/?app=fbl😂😂😂

There many persons that have not heard about Bitcoin. For where I am living out of 100 person it might be only 40 person that might know about Bitcoin. One thing we have to know is that, there some persons that k ow about Bitcoin but they are not interested on the cryptocurrency because they have taking Bitcoin for scamming or bad something. While there are some people are there that are ignorant of the blockchain and if you tell them potential of the coin they will like to invest and use Bitcoin in their future.

The awareness of bitcoin on people which often use the internet for one reason or another should be very high, however this does not translate on adoption, people for the most part do not follow an ideology, they follow the benefits they can get with it, and they feel that the benefits they can get with bitcoin are too small or they are nonexistent, now I think they are wrong on their assumptions but that is most likely what they believe and it explains why adoption is on the low side.

[dothebeats]

You can't blame other groups of people, especially those that are affected by poverty, to know of bitcoin since they have other things to put their focus on and sights on. They have to think of how to survive each day and combat hunger, so bitcoin probably is the least of their worries or their concerns. I don't find it funny that these people are clueless that bitcoin exists or how it works, as I know that there are also some things that they know that I probably don't have any idea about.

[Vaskiy]

Without any form of advertising, bitcoin have reached all around the world. In the last few years different exchanges and other service providers have advertised bitcoin for their profit. Through this good number of people have come to know about bitcoin. Maybe if the advertising of bitcoin is made stronger, even more number of people will get awareness about bitcoin.

As in the above post, people have got different needs and the priority list varies which is also a reason why people doesn't give much attention towards bitcoin.