People Are Not Nerdy Enough

[urbanmerchant]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

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[EarnOnVictor]

"Rome wasn't built in a day" and we should be grateful for the level at which Bitcoin is growing right now. You called it 13 years, did you know how many projects have failed in centuries and many more that have lasted centuries but have not gotten 1/100 of Bitcoin's achievement? There are many assets that have lasted thousands of years but do not have the value and adoption of Bitcoin, you can't just force it on people at once.

Bitcoin speaks for itself, let it continue to do so. Time and the pain of missing out would force many others to adopt it.

[mk4]

Most people in general don't even understand how money works — how do you expect them to understand how a decentralized digital currency could potentially overtake their local currency — a currency that they've been using since they're born?

[Latviand]

One problem that I can see is that bitcoin isn't really a good topic starter especially in a casual conversation, I think it's just that some people just don't know what they're talking about anymore, they do understand but I think that comprehension and sincerity on their communication is the real problem, conversation is a two-way street though so if you are the one that doesn't know what you're talking about then it's the same problem.

[Despairo]

If people are buy and sell Bitcoin on centralized exchanges, it means they're understand if Bitcoin is a virtual commodity.

As for Bitcoin is an alternative for payment solution, you need to answer how often you use Bitcoin to pay bills, to buy your daily needs, or anything that you use fiat to pay. If you're saying, I mostly use Bitcoin as an investment, I only use Bitcoin few times to buy something, it's mean you're also not consider Bitcoin should be used as payment solution.

[_act_]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

What that is more important is adoption and we are getting it. How many people did you think that read the bitcoin white paper? I for one did not read it before I know what bitcoin is all about. There are many papers that are online that can brief you what is in the white paper. Bitcoin is not a project like altcoins that you need to read the white paper anymore if you do not want to read it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

Anyone that understand the law of demand and supply can easily understand. I did that during my high school days. With that, knowing how bitcoin is limited in supply to not more than 21 million coins and how the demand is increasing which makes it valuable.

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Do not be frustrated. Bitcoin price is going high and the adoption is what we are seeing. With time, more people will understand more.

[Z-tight]

Some people just don't care about BTC, so why should you care that they don't. I don't know what your message here is, but everybody can't be interested in using BTC, so many people are comfortable using only fiat and they allow the bank 'take care' of their money, they do not want to have some of that responsibility, and that's okay.

I believe that whenever a person is looking for a second choice currency to their fiat currency, they will become interested in BTC, but until then.

[traderethereum]

Don't get frustrated by situations that don't go how you want.
Maybe this is because people still enjoy bitcoin for what it is and are still looking to profit from trading and have not yet started using bitcoin for a virtual commodity or as you would say.
Using bitcoin is the desire of each person and we cannot force them to follow what we suggest because people are still comfortable with what they are still doing today.
When it's time, people will start studying bitcoin in detail and even though it's a bit late to own bitcoin because the price is already very high, it's also okay because using bitcoin is everyone's choice.

[Ojima-ojo]

The problem is not with Bitcoin but the people,  because for the past 14 years of Bitcoin's existence bitcoin have succeeded in its primary role which is being an alternative to traditional commodities both in currency and in asset,  just as we all know that the way the public is wired to function is to favour centralization since the government don't want you to know shit so that you will not get the total freedom deserving to you.


So at this point,  the responsibility is left for the individual to carry out a deliberate search for knowledge that will aid his freedom because left for the government always wants to create policies that only favour them against the freedom of the people and one of the ways for people to attain the freedom that will reflect every other aspect of the life is financial freedom and in this area government/central banks control the traditional economy so at that most of the things that aid that freedom is always kicked against by the government e.g decentralized cryptocurrency like BTC.  


The government have created limitations to Bitcoin adoption and its mainstream awareness within the society because we have some countries that have a total ban on Bitcoin,  this will make Bitcoin awareness in such country to be low,  but being that as it may,  Bitcoin is still doing well because for bitcoin to have attained it a market capitalization that can compete against old commodities like gold it shows that Bitcoin has indeed attained a good level of success that we all have to be happy with.

[Churchillvv]

Literally every full grown adult makes decision for themselves, so it's their right to know or not. You can't force anyone to know what you know. Bitcoin is is very good with all it's potentials but what if I don't have anything to do with it? Speaking from the layman's point of view. That how the average person speaks of it.

The fact is, most people have heard of Bitcoin but have not really have the time to look into it. It's a privilege that we all in this forum have heard and had time to look into it. Most rich people don't want to know anything about Bitcoin but really want to benefit from it, so they employ people with good knowledge of it and have them make money for them. Having to disagree with somethings and agree to somethings is what makes us humans, some choose to go right so choose to go left. That's why not everyone is rich and some has to know of it while some don't need to know. It just vise versa to make the equation balance. If everyone knows the deeper knowledge of something then there will be no one to lead everybody becomes the leader. That's what economics talks about, so I suggest you talk the people that are interested into it and let the ones who pays deaf ears to it be.

[yudi09]

-snip-

What are your thoughts on this?

Those who save large sums of money in conventional banks do not fully understand the banking system. They may only understand how to benefit from the amount of savings deposited as a customer. Another possibility is that they simply understand some of their rights as customers from what was explained before opening an account.

Their relation type to Bitcoin IMO is pretty much the same. Most people don't really care about the Bitcoin system. They probably know that Bitcoin has a good system and Bitcoin can give them a large amount of profit compared to the interest rate that conventional bank deposits can get if they invest long term.

It could be that they just stop there in understanding Bitcoin because if they understand how money works, they will be confused about why fiat money works that way.

[Outhue]

Many people still don't give a F about Bitcoin, because if we look at the bigger picture they don't care, so many don't know what it is because Bitcoin still doesn't matter that much, yes you heard that right, Compare Fiat popularity to Bitcoin, even beggars on the street knows the importance of Fiat, I don't have to explain why, but Bitcoin? Nah, that's till too early.

Bitcoin needs to matter in a whole new level of popularity first to get to certain people, and it's still far from that right now, you OP are showing signs of hasty, you are impatience it seems.

Decentralized cryptocurrency is complicated to millions of people for only one reason, the government is not saying, oh my people, as from today you all should start spending Bitcoin, it's safer and more valuable, they want the hands of the government in Bitcoin before they can fully embrace Bitcoin.

[Tytanowy Janusz]

"The median savings balance — not including retirement funds — of Americans under 35 is just $3,240, while it's $6,400 for those ages 55-64."
https://www.marketwatch.com/picks/heres-exactly-how-much-americans-have-in-savings-at-every-age-and-yikes-heres-what-they-should-have-01659384531

And we're talking about America, the "first world", the world's largest economy... A man with such savings and a total lack of education in the field of managing the household budget (not even economics, but simple save as much possible and invest to build long-term prosperity instead of spending on usless stuff and living on credit, pursuing not your own interest but the interest of the sect called "consumerism")  is more wondering where to go on vacation with it, or whether to buy an iPhone with it than looking for alternatives to Fiats or new innovative financial instruments.

[Supianto]

I simply don't care about other people. We're all different, most people don't even think about investing. And I consider myself kinda privileged to be able to even think about it. Some just live from salary to salary and don't know how to exit that circle. And not all of them just dumb or lazy.

[ranochigo]

If the end goal of Bitcoin is to have everyone to understand how it functions, then it would have failed as a currency. Initial versions were made such that people who are technically adept are able to understand and develop it. However, if we want Bitcoin to be mainstream, then complicating it further would be counter intuitive and hence why it is a bad idea to further complicate things instead of simplifying.

[passwordnow]

It's okay, not everyone is privileged as you and us to know the concept of Bitcoin as well as the things that are related to economics. People are taking one step at a time and it doesn't matter whether they're slow or quick in the learning process. It's not actually a big deal if they're not versed with bitcoin and blockchain technology. It's all about the preference of someone because if s/he really wants to know about it, the initiative to dig a lot from it will happen.

[Lorence.xD]

Well learning is free, but not all of the people have the privilege to study due to their financial needs. Imagine you're looking for something to eat everyday but someone asked you why aren't you aware of Bitcoin? You don't need to force someone to have the same mindset as you, every people has their own challenges in life and issues that they are facing but your problem is about their knowledge about Bitcoin or the economy? Just remember that Bitcoin is open to everyone but for sure it's not for them, the complicated, hassle and plus the investment they need to think of before understanding Bitcoin is just time consuming for them so they don't even bother. If they really want to understand something they would do their own research about it.

[Nrcewker]

I don’t consider Bitcoins as fiat’s alternative. The reason is very simple. Bitcoins are limited in numbers hence very rare. So there will be very few people who will give away these rare coins in exchange of something which they can easily buy with money. So if you considering Bitcoins as an online payment method, then I am not agreeing with you. Yes many people don’t know the capabilities of Bitcoins, they complain when the price drops and praises when make profits. They need to understand the economics and hence need to care about the coins.

[BlackHatCoiner]

the average guy on the street that I speak to

The average guy on the street doesn't know what's bitcoin. They might have heard it once or twice, but they didn't have the time to look it up (or didn't want to). You're somehow expecting the average person to become one with a financial instrument-- that is bitcoin. In my experience, the average person doesn't have lots in savings (if any), nor do they are competent, neither appetite to learn about it.

[Doan9269]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

Quite alright that everyone wants bitcoin but not everybody will be interested in learning about bitcoin deep down to the root, all they want is the result to come out with bitcoin if given a chance of clearing their doubt on the digital currency, while we could still have some that will only be interested in hqvi a background knowledge and understanding of what bitcoin is and how they could apply the network protocols to achieve their targeted research and findings on bitcoin, they would have been the kind of people who understands the whitepaper well enough with the techniques in bitcoin than being an investor alone.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential

It's not everyone that's found on this forum bitcointalk, there are many other crypto platforms where their major discussions are on other cryptocurrencies and shitcoins, how will you want to have them achieve something vital there when the source of the Informations received are not genuine enough and the forum aren't as moderated as expected, so they needed to identify this forum as the only most reliable source of bitcoin information and discuss Which could facilitate their learning about bitcoin than other sources or platforms.

[worle1bm]

Well learning is free, but not all of the people have the privilege to study due to their financial needs. Imagine you're looking for something to eat everyday but someone asked you why aren't you aware of Bitcoin? You don't need to force someone to have the same mindset as you, every people has their own challenges in life and issues that they are facing but your problem is about their knowledge about Bitcoin or the economy? Just remember that Bitcoin is open to everyone but for sure it's not for them, the complicated, hassle and plus the investment they need to think of before understanding Bitcoin is just time consuming for them so they don't even bother. If they really want to understand something they would do their own research about it.

If you have internet access then there are many resources available that can guide you about Bitcoin in well knowledgeable manner.Not going too far this forum can teach you everything through lot of threads and can get links to some useful books, articles or videos also that are free of cost so you need to have mindset for learning first of all.

[arwin100]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Just let people use bitcoin base on what they know because its undeniable that bitcoin still not been adopted yet on offline merchant so for this first thing came out from mind of people is to use it for investment. But for sure a lot of people here knows about bitcoin potential and its thru usage its just they just talk about it on investment side so chill out and for sure if there's government adoption like just what happen in El Salvador for sure they will use bitcoin on their daily transaction like use it to pay goods.

[Kaliandra]

bitcoin is a digital currency and those who are interested can of course make payments using btc, but not all countries allow btc to be used as a means of payment, but some countries only allow btc to be used as an investment asset, so in this must enjoy existing btc and we must comply with government regulations.
and in responding to this we must be wise and relaxed.And don't think too much about other people

but in investing in btc of course we must have extensive knowledge and experience.

[Mauser]

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

It's not only about crypto currencies, when it comes to financial assets in general I find that many people have very little understanding of them. Even when they have large sums of money invested in assets, they don't know much about them and don't care to learn more about it. Stocks are a great example among my friends where they are clueless about the companies they are buying. A good friend of mine actively buys stocks for a few years only on recommendations he reads online. He is not doing any research for himself, as long as someone recommends it too him, he is willing to invest. It's definitely a lack of understand economics & finance, but he isn't even motivated to learn about. If people work in jobs that have nothing to do with money, like doctors, it's hard to make them interested in new topics. Only a small fraction of people are economist or interest in the topics.

[Mpamaegbu]

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Yes, I think you're unnecessarily getting worked up. Bitcoin debuted in January 2009 but I got to hear of it for the first time in Dec 2016. That's more than seven years later. It's the same way you OP are getting to register here this year (don't laugh me to scorn if this isn't your first account here) whereas this forum has been in existence for over a decade now. I think people are entitled to their time and pace. Those who aren't in tune with Bitcoin now doesn't mean they won't come around it. In my local parlance, there's a relevant saying to the issue at hand. We say, "when a man wakes from his slumbers is his morning." That's what's happening to those who don't know about Bitcoin. It's not yet their morning.

[Lucius]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

Although I agree that the vast majority of people who have heard about Bitcoin do not understand what this is really about, it is also a fact that most of those who own it do so only for possible profit. Who do you think is the bigger problem? Those who do not understand BTC, or those who know well what it is about, but have never used it as a currency?

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I think the problem is deeper and goes back a long way when humans became slaves to the system, and today, unfortunately, they have turned into robot slaves who don't really want anything other than a bank card and a 4-digit pin. For such people, Bitcoin is simply unnecessary and too complicated, and they see it exclusively as a way to eventually profit - although most are not ready to invest in the long term because they still suspect that it is some kind of internet fraud that can collapse at any moment.

My advice is not to get frustrated with such things, because humans are truly unique beings who are the only ones on this planet who consciously work against themselves in every possible way they can invent.

[yazher]

This world is not created instantly by God himself not because he can't do that but because he is just simply teaching us that not all things can be done in a rush some things take time to be developed or fully created. The crypto industry is also part of the world where it needs to be studied by lots of people to offer their talent wherever it suits them and sometimes they failed to do so because there are already lots of projects that have already done what they wanted to offer and the list goes on. we have not reached the level where bitcoins are accepted in any part of the world so it would be a huge challenge in the future but more easy because the progress is already developing.

[Dzwaafu11]

Some just live from salary to salary and don't know how to exit that circle. And not all of them just dumb or lazy.

Fact, The truth is that a lot of individuals rely on their salaries to cover their needs, and the majority of these people have children. As a result, these people cannot genuinely embrace bitcoin since they face numerous difficulties and may find that their salaries are insufficient to satisfy their demands for an entire month. Since they require other alternatives to suit their needs, these individuals should not, in my opinion, participate in technology at this time. It is not a matter of breaking out of the cycle, though; we cannot expect someone who is struggle to afford food on a daily basis to invest in bitcoin.

Decentralized cryptocurrency is complicated to millions of people for only one reason, the government is not saying, oh my people, as from today you all should start spending Bitcoin, it's safer and more valuable, they want the hands of the government in Bitcoin before they can fully embrace Bitcoin.

Indeed, because they are accustomed to the fiat currency and the banks that the government has been in control of, these people view bitcoin as something that has lost value or that they cannot use if the government says nothing about it, that it is not legitimate, and that if they do so, they risk losing their money because they believe the government has the power to act at any time.

And once more, a lot of modern business people choose to buy and sell their things using physical currency rather than bitcoin. Some of these people even skipped school, and I think that someone who skips school cannot utilize bitcoin.

[urbanmerchant]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

Although I agree that the vast majority of people who have heard about Bitcoin do not understand what this is really about, it is also a fact that most of those who own it do so only for possible profit. Who do you think is the bigger problem? Those who do not understand BTC, or those who know well what it is about, but have never used it as a currency?

I think people who understand what Bitcoin is yet never use it as currency are the bigger problem. It's just facts the crypto economy is better than Fiat based economies because many PoW crypto's had a fair launch and limited supply and function as virtual commodities. This facilitates a stable economy and a virtual currency that doesn't have to rely on the strength of the economy.

Economies grow through spending and investment, so I am doing my best to encourage people to spend their bitcoins through virtual marketplaces and other channels. A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam. This was a facepalm moment for me. Those bitcoins are now locked on the blockchain forever, because without a private key, there is no way to ever access them. (Unless someone finds the paper wallet in the trash? How likely is that? )

My point in sharing all of this, is to show that people are still very ignorant when it comes to Bitcoin's technology.

[Fivestar4everMVP]

Well, never compare yourself to other people out there, first is that, our level of reading and comprehension is never the same, many will have to read a piece two to three times to be able to fully comprehend the content of that piece, while for others, it takes just one read, so yeah, our level of growth in terms of knowledge is not the same, and also consider the fact that many today can comfortably do any other thing but read, especially in most parts of Africa today, this is why it's commonly said that, if you want to hide some thing from an African, then hide it inside a book, why?, because many of us don't read, and if we don't read, how do we learn and understand truly what bitcoin is all about..?.

[so98nn]

Most peeps also don’t know how oil is dig out and purified, how Gold is mined and purified, shaped, made into jewellery, most of them don’t even know how money notes and coins are made.

Well, it doesn’t mean they can not use it or can not speculate about it? No one is perfect in every field so let’s call it a highly speculated discusion itself.

Many industries run on multiple layers. In every layer there is skilled crowd and there is general public. I don’t think economy runs with only economist. It’s a mixed version of reality that give rise to perfect economic circle.

[demonica]

It's not that easy and fast to spread awareness regarding Bitcoin. A lot of people are still struggling with the basic technology and basic finances or financial services offered with fiat so it's not that surprising if others may find it hard to understand Bitcoin. Not everyone is interested in Bitcoin and not everyone is willing to self study about it. Bitcoin awareness and adoption could possibly grow faster if there is a big support from a lot of government. But that's not the case to every country. And not everything can be easily adopted and understand by the majority.

For me, as long as there's a progress, it's already doing great. We've been seeing great progress with the growth of population getting interested in Bitcoin.

[cryptosize]

People have different interests/skills, that's all.

Some may be proficient in IT/economics, while others may be proficient in cooking/dancing.

And guess what? The WEF elites depend on the fact that the Average Joe is totally clueless about economics/IT.

That's why it's so hard to stop CBDCs. They will advertise "ease of use" (at the expense of freedom).

A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam. This was a facepalm moment for me. Those bitcoins are now locked on the blockchain forever, because without a private key, there is no way to ever access them. (Unless someone finds the paper wallet in the trash? How likely is that? )

You can't be serious!

You donated that much money a few weeks ago? Or maybe 10+ years ago?

I tend to say "study Bitcoin first, acquire Bitcoin later" for a reason.

Most people don't love knowledge, I can tell you that much. They do love degrees though! (because they can get a better job position that way)

[michellee]

Many people still don't know what Bitcoin is and still use methods they already know to make money. Maybe they don't think there is another way to earn, namely with Bitcoin, so the presence of Bitcoin hasn't attracted their interest. Or some already know the presence of Bitcoin but don't want to find out what Bitcoin is.

The situation is normal, especially if they are still working comfortably in their workplace and have no problems making money. But maybe it's also because of a lack of understanding of technology that makes them not care about the presence of Bitcoin.

It is only a matter of time until they become aware of Bitcoin's presence in their midst and start figuring out how to own and use Bitcoin. And until then, we have to get ready to own more Bitcoins.

[Wildwest]

In learning something we do not focus on one way for example learning bitcoin by buying nerds, but we are not easy to understand without someone guiding us, so we have to find other ways to explore the use of bitcoin, both ask people who already understand about bitcoin and learn by searching for materials on the internet or other media, And we have to be patient with understanding about Bitcoin because there are so many things we have to learn, don't get frustrated easily because everything takes time.

[PeRo]

You are not taking into consideration that not all people are interested in Bitcoin and that they just do not want to learn about it even if they know it exists and what is it used for. Even though the Bitcoin community is not that big, it still is growing day by day and we made a big difference the past few years. But you have to understand that this community is filled with people which should be in it, whether they are traders, holding Bitcoin or just like to invest in anything, including Bitcoin. Not everyone wants to invest their money or want to be nerdy, they've found their interests and are going with it - I personally don't even like the nerdy stuff, I'm just here because I love Bitcoin and use it, and plan to further invest in it.

I've already had similar replies on topics about adoption and I still stay by it. Try to help people who want to invest/use Bitcoin and spread the word but don't shove it into every conversation and insist on it, it just scares the people away.

[Lucius]

Economies grow through spending and investment, so I am doing my best to encourage people to spend their bitcoins through virtual marketplaces and other channels. A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam. This was a facepalm moment for me. Those bitcoins are now locked on the blockchain forever, because without a private key, there is no way to ever access them. (Unless someone finds the paper wallet in the trash? How likely is that? )

No one will take what you've written seriously, because you're a beginner on this forum and you haven't provided any proof that you did something like that - and who gives someone $300 000 today without explaining exactly what they're giving away? There are isolated communities of people who don't understand the concept of money, and if someone gave them a bag full of bills they would use them to light a fire or maybe find them some other use.

Next time you want to throw 10 BTC in the trash contact me - rest assured that every satoshi will be used for good purposes

[Faisal2202]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

i agree even i am also included in the group of those people who are not nerdy in the case of BTC. Because TBH, till now i didn't read the white paper of BTC, yeah i know that's sound stupid. But i do read around 30+ whitepapers of new projects (ALTs). Even if i hadn't read the WP of BTC but still i think i have enough knowledge about what is decentralization and why it valued. And obviously i know many other things too.

But in short i know these and i come to know them here on BTT. And, yeah people do not know the potential of BTC because most of the people do not understand the financial system like how Banks are manipulating them.

Let me tell you how BTC saved my ace from banking sector. i didn't know the truth behind Banking sector and didn't know how are they manipulating us to think that they are so important part of the economy while their exist an alternative which is digital finance. So to understand the potential of BTC you must know why it is needed.  

[Alpha Marine]

It's going to take time. You don't expect people to know, understand and believe in Bitcoin overnight. I don't have any quarrel with people who don't know or understand Bitcoin. My problem is with people who understand it and are still against it. But I can understand that everybody has his own opinion.

Innovations like Bitcoin takes time to be adopted. Imagine when paper money was introduced. Did it get adopted world wide in 10 years? I believe it must have been more than that because it was a new invention that they really didn't understand how it works.
I imagine that there where people that asked how is a certain paper different from another paper.

About 62% of the world population use the internet, so how do you think the use of Bitcoin will be. A lot of people are very skeptical of things like this, probably because they've been scammed before, so you can't blame them, they just lack the understanding.

[ringgo96]

In learning something of course we are not enough in one way, as you said learning bitcoin we are not enough with nerds, because there are many things that we must understand and need guidance from our seniors who are experienced in the crypto world, and do not force your mind in exploring bitcoin because until you feel frustrated, Everything takes a process and time that we have to go so that everything we do in the crypto world always brings profits.

[BlackHatCoiner]

My problem is with people who understand it and are still against it.

I prefer to adopt a different, more respectful stance towards those individuals. Opposing Bitcoin once you have understood its functioning and why it exists, is rooted in political disputes. Bitcoin itself tends to align with right-wing ideologies, representing a form of conservative money rooted in a free market concept without any state interference. This fundamentally aligns with right-wing principles and a pro-capitalistic approach. However, Bitcoin's association with anarcho-capitalism sets it apart from the modern capitalism (neo-liberalism) characterized by extensive state intervention.

The thing I like about that, even though I'm not in favor of anarcho-capitalism, is that it acts as a barrier to neo-liberalism, and very effectively. Bitcoin remains unstoppable in countries adhering to neo-liberalism, thus I perceive it as a force that helps maintain a balance amidst political disparities.

[Casdinyard]

Can you really blame them though? The prospect of profit is not enough a reward. People nowadays would much rather receive immediate gratification than delayed ones, which is something that cryptocurrencies are good at. Plus you also have to consider the fact that bitcoin and cryptocurrencies are in hot water right now after the numerous crackdowns that governments from US and beyond are making which definitely do not sit well with the average joe who doesn't know what cryptocurrencies are besides what he can see on the news.

In any case, we're sitting pretty nicely on our little boat right now, Rome wasn't built in a day as one guy in this thread said, proper campaigning and movements are more important than surge of users that are in here for the profit. We need people who would stay, not people who's here during bull runs and then gone as soon as the first sign of dumping comes out.

[martinex]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I think, For now, it's not that most don't want to learn, but they aren't interested yet and some are directly trading while learning. So, I think, that's normal. who really cares and is less interested in seeing the potential that BTC has as a virtual commodity as well as a fiat economic alternative as you mean.

[isaac_clarke22]

It's not only about crypto currencies, when it comes to financial assets in general I find that many people have very little understanding of them. Even when they have large sums of money invested in assets, they don't know much about them and don't care to learn more about it. Stocks are a great example among my friends where they are clueless about the companies they are buying. A good friend of mine actively buys stocks for a few years only on recommendations he reads online. He is not doing any research for himself, as long as someone recommends it too him, he is willing to invest. It's definitely a lack of understand economics & finance, but he isn't even motivated to learn about. If people work in jobs that have nothing to do with money, like doctors, it's hard to make them interested in new topics. Only a small fraction of people are economist or interest in the topics.

Really true to be honest and even I still keeps learning about financial assets by myself. It is just really a lot to learn to it and somehow not everyone just doesn't have the time to learn all of it. I don't blame my school and even my university for not teaching it.

It's just to each and their own anyway. Stocks are slightly a different topic though since it is usually used as an investment rather than a currency. Bitcoin, or crypto, is really a wide stuff to learn. It's just like learning SOLID principles in programming. Not everyone just applies it.

[Nheer]

It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it.

14 years back only few knew about bitcoin and now we can see the population it has amassed so everything is a gradual process. This technology is different from what people are used to so it will take some time for society to understand it and adapt to its uses.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies.

Even if everyone understands how it operates not everyone will accept it because thats how life is everyone has different ways of viewing things so I don’t expect everyone to accept it though I believe alot of people will adopt bitcoin, some are not just privileged to be educated about it yet.

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

No need to be frustrated, the world is not coming to an end anytime soon. Some are just not privileged yet as you said, alot of have people have adopted bitcoin and millions more will join and probably it will get to a stage everyone will know about it and it will be accepted worldwide.

[zaim7413]

Chances are there are many other reasons that make someone speculate why there are still many people who don't understand the potential of Bitcoin. Bitcoin at all does not need the presence of those who are still unsure about the potential hidden behind it. Bitcoin doesn't need their trust at all, on the contrary, they are the ones who put their trust in Bitcoin.

The growth of Bitcoin is increasing as the years go by, several countries are starting to open their eyes to the potential that Bitcoin has and are starting to give permission to Cryptocurrency entities. Policies from various countries have provided space for those who are interested in Bitcoin to own Bitcoin by utilizing the licensing facilities of Bitcoin exchange services.

[TheUltraElite]

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies.

The users of bitcoin is a niche community, not just based on this forum but from the world and the major population of this is concentrated in certain parts of the world. Not every country is friendly towards bitcoin but we are improving those numbers gradually. When I first visited this forum nobody in my locality knew about bitcoin and price was around 700USD/BTC - today we have banners of many altcoins/shitcoins (still, some improvement eh?) on the road and people have already heard about crypto and the price is above 30k USD/BTC.

Maybe the problem is deeper than just a lack of understanding about the technology?

We dont need to solve that problem, let them be ignorant. But we will keep increasing our stash eventually they will become poor and we will become rich - how does that sound?

Maybe it's a lack of understanding about economics as a whole? How many people are economists?

You think everyone will tell you that they are stashing up bitcoin? Hell no. They will do so in secrecy and only when the time comes will you know what they accumulated is a lions share and you are a teeny tiny ant in front of them. So stop bothering about adoption so much, it will happen with time, focus on your own stash.

[goldkingcoiner]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I think all people on earth are nerdy.

Because what does it mean to be nerdy? Does it mean that you are good in math? Good with science? Computers? No. It just means that you are very focused on a particular thing that you really like and you have become better at it than most people. By that definition we cannot expect everyone to be good at the same thing that you are good in, neither can we expect everyone to be just as excited for something that you are excited in.

A welder who loves his job and is amazing at it and continues to study the deeper knowledge of welding will become nerdy about welding. But that does not mean he should also be interested in cryptocurrency, or economics at all.

Our job as cryptocurrency nerds is to get people interested and motivated.

[coiningz]

People not only not nerdy enough, they not smart enough and don't want to think and change things that just works. that's the problem

[hyudien]

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I will not judge people who invest in Bitcoin. Because there are people who invest but don't know what bitcoin is as a whole and don't have time for the most important thing, profit margins have become the main basis, basically as long as they believe in Bitcoin and have invested it doesn't matter. But if we have extensive knowledge and always want to know more, there's nothing wrong with reading various sources before investing.

So for me personally I agree that ideally before dropping anything on a particular asset the first thing to do is to explore everything both the purpose, the benefits and the reasons why Bitcoin was created. In the process, we will find people who have different ways of dealing with investments. But that doesn't mean you have to dictate what you want.

[seoincorporation]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

People doesn't need to understand the technical part of things to use them, I mean, you don't need to understand how the motor of a car works to drive a car, you only need to understand how to go forward, how to stop and how to turn. You only need the basics. and is the same for Bitcoin. Users only need to understand how to receive them and how to send them.

And I think your point of view is kind of fun, because no one understands the technical side of Debit and Credit cards, but most of people use them, and that's because people trust in the technology. If there is trust then there is no need to understand the technical side of things.

[Yatsan]

Are they required to do so? Given that you're aware of this industry's potential, why are not all your money in form of crypto then? The answer is their reason as well. There's no need to be nerdy to adopt this technology. There are even people who are fully aware of how this industry works and yet hesitating to engage. They have their own reason such as preference and risk tolerance. Allow time to work for it and wait for people to have their initiative to do so.  We have different understanding of a certain thing simply because we have different focuses in our lives and circumstances as well to why we commit into something.

[lovesmayfamilis]

I don't think you, OP, are good at all the new, useful technologies. I can even say that you do not even know about many. So why are you asking people to know about Bitcoin? Do not put pressure on people; everything has its time and its own people. People have different interests; it is impossible for everyone to be the same. Personally, for example, my relatives are not at all interested in Bitcoin, and I see no reason to waste my time on them.

[Pmalek]

Two things come to mind after reading the OP.

1. Why would the average person need to understand how Bitcoin works? They don't even know how debit/credit cards work, and those have been around for decades. I don't expect the majority to learn the underlying technology at all, and neither should you.

2. The school system doesn't teach us the truth about money, how it comes into existence, and how completely useless and irrelevant paper money is. With such a bad education, of course they won't understand the difference between Bitcoin and traditional finance. Our parents, their parents and grandparents grew up with banks running everything. A lot of time will have to pass for Bitcoin to become a serious contender to traditional finance, if ever. And it doesn't have to be.     

[BitcoinPanther]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

Not all people are into Bitcoin or have interest in Bitcoin.  Not because we are very fond of Bitcoin, other people will be the same.  People have different preferences and that is the reason why there are still lots of people does not know or understand Bitcoin.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

It is not lack of understanding of something but lack of interest to further understand cryptocurrency. 

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Learn to respect other people's preferences.  Not everyone is into Bitcoin because many people love to secure their monthly wages than spending time learning Bitcoin.

[GeorgeJohn]

Most people in general don't even understand how money works — how do you expect them to understand how a decentralized digital currency could potentially overtake their local currency — a currency that they've been using since they're born?

You are on point, if fiat currency which is a traditional currency is not well understood to people who has been using it for age's, is it a digital decentralized currency will be easier to understand, the point is that people give an explanation for what they are inquisitive to know, that is while I don't blame anyone with it ideology concerning bitcoin understanding and it's explanation

[vv181]

14 years is quite recent compared to how other economic assets and the FIAT system have been running. Subconsciously some people just do not question how they exchanged (use of money) and rather just accept it as what it is. They may not comprehend the root problem, besides, bitcoin is not the only alternative or option to say, hedge against inflation.

Acknowledging you as very privileged yet not having any empathy toward other people is also should address why you have such a thought. It is a good thing that you are touching the grass and trying to look around in your place. In other parts of the world, surely there are concerning issues that prevent some people uses Bitcoin, such as lack of internet access and digital illiteracy.

[Mate2237]

Op frankly speaking, there is an irony displaying here. Because of what you sounded in the op I made small research to see your knowledge on the bitcoin technology and your first post was full with vocabulary with jargons and people praise you and thinking that you would make meaningful contribution for the development of the forum but what I am seeing here I don't think you understand the conceptual frame work of Satoshi Nakamoto white paper.

You are blaming people that they are still nerdy about bitcoin upon the years bitcoin has  spend on Earth. This is the 23 Post you have made in the forum and I have not seen any meaningful contribution you have made for the development of the forum. Therefore, as you claim to know bitcoin much, let your next thread be one of the best threads on the forum on bitcoin. Waiting to see your next thread.
You gave 10 BTC for charity work. Lolz. There will be no dispute but your contributions will tell us more.

Merits hunting threads of yours

[Becassine]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Misinformation starts very early: at school first, then the mass media. We saw it during the 2017 bull market, a lot of people wanted to buy btc because the media was talking about it. But they were not at all interested in technology or finance (inflation etc...).

Out of fear, they sold everything at the start of 2018, shouting at the Ponzi pyramid. Finally there are few autodidacts and people are often satisfied with what they see on TV or in the newspapers. They have no idea how the economic system works. It's through real life that they learn: when they see the prices go up and when they realize that their savings are no longer worth anything (or not much). It is in adversity that they look for alternative solutions. BTC is already the alternative solution in several countries (Nigeria for example).

[The Cryptovator]

Avoid frustration; it's not always necessary. While you may not be able to change everyone's perspective, you can still educate yourself about Bitcoin and its workings. Understanding why Bitcoin was created and how it functions is crucial, but not everyone may share the same enthusiasm for its underlying technologies, which enable peer-to-peer global money transfers without intermediaries.

Some individuals view Bitcoin purely as an investment opportunity, and that's okay. Rather than trying to change their views, focus on your own learning and use that knowledge to introduce Bitcoin to new people. Educate and share your insights with others, enabling them to grasp the potential benefits of this innovative technology. By doing so, you'll contribute positively to the Bitcoin community without succumbing to frustration.

[Becassine]

Avoid frustration; it's not always necessary. While you may not be able to change everyone's perspective, you can still educate yourself about Bitcoin and its workings. Understanding why Bitcoin was created and how it functions is crucial, but not everyone may share the same enthusiasm for its underlying technologies, which enable peer-to-peer global money transfers without intermediaries.

Some individuals view Bitcoin purely as an investment opportunity, and that's okay. Rather than trying to change their views, focus on your own learning and use that knowledge to introduce Bitcoin to new people. Educate and share your insights with others, enabling them to grasp the potential benefits of this innovative technology. By doing so, you'll contribute positively to the Bitcoin community without succumbing to frustration.

Personally, I've been happy to answer spontaneous questions for a long time, if there are any. And that's all. I don't want to waste energy on people repeating to me what they heard on TV. Anyway, people tend more and more to stop thinking for themselves. And I don't have time to do it for them, I myself still have far too much to learn.

[Weawant]

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

You can't change how others what to view Bitcoin, it's their personal decision and considering they're not wrong with how they view Bitcoin, we should let them be. Bitcoin can be seen as a currency and also as an investment opportunity because of the instability of the price.

It's not about lack of underinsured but also because there isn't much opportunity for Bitcoin to be used as a cureencyas it isn't been accepted globally yet and doe some countries it's illegal for Bitcoin to be used and it been as investment is the only option left for them.

The average guys see an opportunity for him to make money, why do you then except him to start spending bitcoin when he can invest into it, hold his investment and in few years he has more money than he would had made if he invested in other investment not Bitcoin.

[Stalker22]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. ~

January 1, 1983 is considered the official birthday of the Internet. 14 years later the vast majority of people still did not understand what the Internet is and how to use it. Moreover, it took another 20 or so years for the Internet to go from 10% to 88% adoption in 2016. (While the data is specific to the US, I think similar trends were seen in other well-developed countries around the globe.)

A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam.
~

Well, that is quite a bullshit! 

[JoyMarsha]

Many people are into bitcoin today because of the profits they get from bitcoin. If Bitcoin profits are removed, do you think that a vast number of people will still be interested in bitcoin again?

Let's allow people to do what they feel like with their Bitcoin. if they feel like trading on it without wanting to know the main reason behind bitcoin's creation, that's their business and choice to make since they are after making profits at the end of their investment in bitcoin. They are not to be questioned about it(the way the want to use their bitcoin)

[Mr.right85]

Most people in general don't even understand how money works — how do you expect them to understand how a decentralized digital currency could potentially overtake their local currency — a currency that they've been using since they're born?

The world for most have been crafted to mean anything tangible or something you can feel. Anything other than about this criteria is just fake or designed to take from you your hard earned money.
Worst still, it's mot backed up by the government, there are threats from the SEC and there isn't any regulations to it.
Truly, they've got nothing to hold on to or fall back to for resonance should it fail so, why then should they risk it. At least, they aren't doing any badly with fiat.

It's a matter of finding reasons and until the world's people are ale to find some reason as to why they should be hooked up to the Bitcoin innovation, your not likely to find anyone being so welcoming of it.

[Qiubell5]

Many people are into bitcoin today because of the profits they get from bitcoin. If Bitcoin profits are removed, do you think that a vast number of people will still be interested in bitcoin again?

Let's allow people to do what they feel like with their Bitcoin. if they feel like trading on it without wanting to know the main reason behind bitcoin's creation, that's their business and choice to make since they are after making profits at the end of their investment in bitcoin. They are not to be questioned about it(the way the want to use their bitcoin)

Yes, you are right. Don't control others too much to match what we expect. Let other people invest in bitcoin according to their own wishes.

[Bitcoin_people]

There are people who don't understand about fiat currency so how can they expect to use virtual currency. Not everyone can use Bitcoin and they are not so transparent about crypto that they are more used to fiat currency. But if a person is knowledgeable then surely he is looking for an alternative to fiat currency to invest. And if that person can be educated about Bitcoin then surely that person will be interested in Bitcoin investment. But we know that people who are not interested in virtual will never be interested in investing in Bitcoin. People of current generation are all more interested in virtual currency than real money and they always think positively. But an adult who has never known anything about bitcoin or cryptocurrency will never invest in it if you teach him about bitcoin.

[harapan]

Avoid frustration; it's not always necessary. While you may not be able to change everyone's perspective, you can still educate yourself about Bitcoin and its workings. Understanding why Bitcoin was created and how it functions is crucial, but not everyone may share the same enthusiasm for its underlying technologies, which enable peer-to-peer global money transfers without intermediaries.

Some individuals view Bitcoin purely as an investment opportunity, and that's okay. Rather than trying to change their views, focus on your own learning and use that knowledge to introduce Bitcoin to new people. Educate and share your insights with others, enabling them to grasp the potential benefits of this innovative technology. By doing so, you'll contribute positively to the Bitcoin community without succumbing to frustration.

Personally, I've been happy to answer spontaneous questions for a long time, if there are any. And that's all. I don't want to waste energy on people repeating to me what they heard on TV. Anyway, people tend more and more to stop thinking for themselves. And I don't have time to do it for them, I myself still have far too much to learn.

This is where I'm at right now.
I can live with people for a long time and not talk to th about Bitcoin if they're not interested. I don't try to convince anybody about stuff like these. The only time I'll talk to them about Bitcoin is when they bring it up and most times they bring it up, they always say something not true because they get their information from the news and social media.
I'm way past the point of trying to make people see the benefit of Bitcoin as a currency or even investment.
I have so much to learn, I don't need nobody to bring negative energy around me.

There are so many misconceptions flying around about Bitcoin and so gulible people actually believe that shit. No wonder they can be easily scammed into different Ponzi schemes

[kro55]

Many people are into bitcoin today because of the profits they get from bitcoin. If Bitcoin profits are removed, do you think that a vast number of people will still be interested in bitcoin again?

Let's allow people to do what they feel like with their Bitcoin. if they feel like trading on it without wanting to know the main reason behind bitcoin's creation, that's their business and choice to make since they are after making profits at the end of their investment in bitcoin. They are not to be questioned about it(the way the want to use their bitcoin)

Many people will try to lie that if bitcoin is no longer profitable, they will still hold bitcoin, but I will be blunt. I wouldn't need bitcoin if it was no longer profitable and could just use a stable currency. Although we can still use it to use for international payments or to store assets without depending on the bank, but those are not attractive enough for many people.
There is nothing wrong with people seeing bitcoin as an investment, because the need for money comes first these days. Although bitcoin is not made for investment, when it is an investment, it gives us many benefits, so why do we always complain when it is not used as currency? What Bitcoin is is not so important, what is important is that it benefits us.

[isaac_clarke22]

I don't think you, OP, are good at all the new, useful technologies. I can even say that you do not even know about many. So why are you asking people to know about Bitcoin? Do not put pressure on people; everything has its time and its own people. People have different interests; it is impossible for everyone to be the same. Personally, for example, my relatives are not at all interested in Bitcoin, and I see no reason to waste my time on them.

Aside from what I mentioned in this thread before, yeah I felt also that it is kinda putting pressure into people to learn this and that. Not everyone is interested to the technical aspect of Bitcoin, not all of people care about the software itself rather than its own utility only.

I am enthusiastic about development of software and apps, but I understand that it is not everyone's cup of tea.

[NotATether]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

You don't have to be a nerd to understand how Bitcoin works

Think about how cash works for instance:

- Central banks print cash
- Central banks give this cash to more banks (and the government)
- Banks give this cash to companies who then give it to you (or the bank may even give it to you directly).

Anybody who has been reading the news within the past year has probably seen "US default risk" and thus knows how fiat works.

In any case, wherever there is a bank involved, the transaction is not free and whoever is giving the money to the other person usually does it as a "loan" with interest.

What most people don't understand is that you can give a loan to buy stuff that makes absolutely no sense, such as "more cash". But most people's understanding is everything up to this point.

With Bitcoin, it's more like: "I can give someone money without having to worry about loans and interest" (or APR for that matter).

What is stupid about this "crypto revolution" is how DeFi is trying to introduce and mainstream those same concepts back (why?? ??) with predictable results (hacks and bank runs).

You make decentralized crypto like vulnerable fiat, and you get the worst of both worlds.

[UchihaSarada]

Some individuals view Bitcoin purely as an investment opportunity, and that's okay. Rather than trying to change their views, focus on your own learning and use that knowledge to introduce Bitcoin to new people. Educate and share your insights with others, enabling them to grasp the potential benefits of this innovative technology. By doing so, you'll contribute positively to the Bitcoin community without succumbing to frustration.

Different people, different capital, needs and interests in learning technical things of Bitcoin blockchain. If I am an investor with budget which is big like $100,000 or $1M, I don't care about how mempools work and how to save transaction fee by $1 or $10. It sounds stupid with others but because I am rich, it is not what I care about. Just example, I am not rich.

If I care about technical things or just because I am not rich, I have to learn to broadcast my Bitcoin transaction to save as much transaction fee as possible. The rich can look at me and think I am too serious or crazy but if I am fine, it's good for me because such knowledge and good practice are helpful for me.

[Dimitri94]

Since no one learns from the mother's womb, everyone has to learn in the world. We try to learn slowly and eventually succeed in learning. Since the creation of Bitcoin, most of the countries in the world have not yet legalized it, but people's interest in Bitcoin is increasing, as evidenced by the increase in the price of Bitcoin. Gradually the investment of Bitcoin is increasing along with the demand. People are now slowly trying to learn about Bitcoin and at some stage everyone will gain good knowledge about Bitcoin but it needs time.

[m2017]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I perfectly understand your bewilderment and surprise why people are not willing to learn something new, which is bitcoin. And you are right in stating that the problem is deeper than the usual lack of understanding of technology. Bitcoin is a unique phenomenon that combines economic and technological components, that is, in order to get carried away with this, people must have interests in finance and technology. Recall how, at the dawn of its formation, the geeks were the first to become interested in bitcoin. I assume that there is some threshold for entering this area, the combination of both components at once is not necessary and one direction may be sufficient. Such examples, in general, are also enough, when people become interested in a bitcoin purely because of the financial component.

The next point is that people (many) are illiterate in matters of economics and don't even have basic information on this topic. If they don't even have knowledge about ordinary money, then of course they can't be interested in digital money. Which leads to the fact that even after hearing about bitcoin on the news, they will not take a step in this direction.

You (all of us) are very lucky to be on the forum, where you can gain knowledge both in the field of economics and technology. Of course, when we see people who are not interested in bitcoin, it seems strange to us through the prism of our knowledge and experience. It is useless to condemn them for this, or to try to lure bitcoin lovers into the BTC-community. Just as it is impossible to make everyone rich, so it is impossible to evenly distribute bitcoins among all. Be glad that you found out about bitcoin at the right time, while others still miss it

[xSkylarx]

Either they just don't want to know Bitcoin or learn it deeply. You know others are just wanting Bitcoin because they want to invest in it; even others haven't read the white paper and just watched a video of Bitcoin explaining what it is. We can't blame others, as that is really what they want, and let's just not worry about others, for sure, as I've always said that when Bitcoin hits again its ATH, a lot of people will start learning about bitcoin.

[flyingcarpet]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

It is not right to want others to be equally interested in what we are interested in. Everyone has different interests or pursuits. Just as those people don't tell us to learn their field, we shouldn't tell them to learn their field. I mean, we can tell them, but we shouldn't pressure them.

Bitcoin will find its own path, you can be sure of that. The person who is not curious and inquisitive about bitcoin today may be more curious and inquisitive than you tomorrow. You don't know that either.

[kryptqnick]

People generally don't have a good understanding of economics and of how economies function. However, I'm not sure if that's a big reason why people aren't more excited about Bitcoin and its potential. I think most people have narrow goals and interests, and even if they want to change the world (which is already a small minority), they focus on specific areas. That's good and natural, we can't dedicate enough time and effort to everything. So looking for alternatives to fiat just isn't on a to-do list of the vast majority of people. If Bitcoin gets widely accepted, perhaps many people will try it and try to learn more about it. But since you can't use Bitcoin for a lot of things for which you use fiat, there is little motivation to use it as money and consider how viable or not it could be as an alternative to fiat.

[Becassine]

Think about how cash works for instance:

- Central banks print cash
- Central banks give this cash to more banks (and the government)
- Banks give this cash to companies who then give it to you (or the bank may even give it to you directly).

No, our system is debt-money based. Money is created out of nowhere by the lending bank. This concept is well explained in the following article. It's the money-debt that leads us straight into the wall, the States are even more indebted and the crash to come will undoubtedly be worse than the subprimes.

Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today exists as bank deposits, whilst just 3% is physical cash.

Banks can create money through the accounting they use when they make loans. The numbers that you see when you check your account balance are just accounting entries in the banks’ computers. These numbers are a ‘liability’ or IOU from your bank to you. But by using your debit card or internet banking, you can spend these IOUs as though they were the same as £10 notes. By creating these electronic IOUs, banks can effectively create a substitute for money.

“Commercial [i.e. high-street] banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created.”

Every new loan that a bank makes creates new money. While this is often hard to believe at first, it’s common knowledge to the people that manage the banking system.

By creating money in this way, banks have increased the amount of money in the economy by an average of 11.5% a year over the last 40 years. This has pushed up the prices of houses and priced out an entire generation.

Of course, the flip-side to this creation of money is that with every new loan comes a new debt. This is the source of our mountain of personal debt: not borrowing from someone else’s life savings, but money that was created out of nothing by banks. Eventually the debt burden became too high, resulting in the wave of defaults that triggered the financial crisis.

Source : https://positivemoney.org/how-money-%20works/how-banks-%20create-money/

Explanations : https://youtu.be/b6_SLwReMqo

[Blitzboy]

Isnt expecting everyone to be an expert elitist? Yes, everyone should understand Bitcoin, blockchain, and economics. But, its unrealistic and pointless. We dont need to be engineers to drive or to be programmers to utilize apps. Why should crypto differ? Bitcoin and other cryptos must be user-friendly and integrated into daily life. Then the average individual won't need to know everything. They only need to use it. Crypto will quietly revolutionize politics. In the meantime, keep your nerdiness to yourself!

[Finestream]

Most people in general don't even understand how money works — how do you expect them to understand how a decentralized digital currency could potentially overtake their local currency — a currency that they've been using since they're born?

True. People develop greed on money but they don’t understand actually how it works. The only thing that they’ve come to know is that it can be used to pay for their goods and services, aside from using it to invest. So how much more if bitcoin and other decentralized currency? I guess they may gained some few insights about it but I don’t think they’ll force theirselves to understand decentralized currency knowing they can never use it in their current financial system.

[Juse14]

We are not enough just to read and analyze whether it's in bitcoin or something else. Everything is not in vain, but if you just read and analyze, it will only add to your knowledge and will not give you experience. Without leaving that, learning and knowledge are more important and we have to do, namely the implementation of the learning you do and the knowledge you get.

By implementing this learning and knowledge it is a form of direct self-actualization so that you not only know but participate and play a role in it and you will feel a direct impact on your learning so far. In addition, if you get involved in the world of bitcoin, you will earn income so that your learning and knowledge so far can be utilized as best as possible.

[famososMuertos]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Well...! Those same facts that you name should be the "inertia" that moves the inclusion of everyone to bitcoin, not only for the mere fact of what happens with the majority that arrives, which is related to price.

 In the past few days someone mentioned that they had bought $15 of bitcon, and many comments went along the line of investment, profit, etc.  But the reality is that for those of us who do not have access to the relevant purchase of bitcoin to aspire to their wealth, bitcon does remain as a technological access to be able to control our funds, whatever they are, and!  Therefore, people's freely access the great potential that Bitcoin has as a technology.

[panganib999]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

OP out here really frustrated that he can't talk to people outside about bitcoin and crypto lols.

Jokes aside it could be frustrating, cause with all these movements and campaigns made about bitcoin's adoption you would think that we made significant progress on it, only to be disappointed when you ask people around, especially those within the ranges of Millenials to Boomers (cause in my experience a lot of zoomers right now are at least aware of what cryptocurrencies are and the potential for profit that they could provide) that are still not aware of what bitcoin is and what it could do to people's lives.

At the end of the day I just think that good things come to those who wait, so might as well wait and be patient about it yeah?

[Lanatsa]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Having those kind of counterreactions on what you do have in mind doesnt mean that other people arent really that nerdy or that techy which you cant blame them, there are some people who are fully aware of its

capability if we do speak about utility and real essence of Bitcoins existence but since they have that kind of realistic approach then they wont really be bothering themselves on trying out to fight on making
or thinking that Bitcoin could be able to have some division in terms of monetary utilities on just like on what fiat has. We cant really that able to deny that Bitcoin does have that revolutionary features
but doesnt mean that it would really be able to replace fiat into its position and this is why it wont really be shocking if there would be lots who would really be just simply
ignoring on this kind of topic because no matter how we do like it or not, it cant really just that happen.

They could both co-exist but doesnt mean that it would really be able to replace the traditional stuff and come to mind that government wouldn't really be letting this thing to happen in the first place.

[Majestic-milf]

 Some people just don't understand that change is a constant process and as such will prefer to stay at a spot. To them, they can be recording progress because the fiat in their bank accounts is piling up and wouldn't bother if their privacy is being tampered with.
 I was in a discussion with someone who opined that he prefers the cashless system for some obvious reasons like having to not run the risk of carrying cash around due to insecurity reasons but forgot that the government can be very controlling to the point that they can decide one morning to limit the amount of your money you withdraw.
Bitcoin has presented an alternative to such manipulation and control, but just as the Holy Book puts it, people die because of lack of knowledge .

[serveria.com]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I guess that lots of people know about Bitcoin and even how it works, they just pretend they don't either because they're afraid of the $5 wrench attack or something else. After the notorious hardware wallet leaks, I checked the leaked dbs just out of curiosity and there were lots of people I know, including those who mentioned they had no idea about Bitcoin or even were openly anti-Bitcoin.

[MinoRaiola]

Yes, I am complaining that people are not nerdy enough.

What are your thoughts on this?

I think there are 2-3 things that make this happen. One of them will be the most essential point, but first the technology and the possibility of a human being. In africa, people will not have the same opportunities as people in europe or america. There is no internet, or they dont have a computer with which they could buy bitcoin. This does not mean all people in africa. When tehre about 50% of the people in Africa dont have a bankaccount, that should be about 600 million people.

Secondly, many people do not have mutch money to invest, with a chance of losing everything. Many dont risk something.And last but not least: Understand what bitcoin really is, only a few.

[TheUltraElite]

I guess that lots of people know about Bitcoin and even how it works, they just pretend they don't either because they're afraid of the $5 wrench attack or something else. After the notorious hardware wallet leaks, I checked the leaked dbs just out of curiosity and there were lots of people I know, including those who mentioned they had no idea about Bitcoin or even were openly anti-Bitcoin.

Safety of money is a thing that haunts many people and comparing with a bank deposit there are less versed legal systems which can handle such a case. Eventually though things will get smoother but right now it is not so and hence we can only keep ourselves safe and hope that in future the legal system becomes mainstream enough about crypto.

Cybercrime is increasing at an exponential rate while the law enforcement is lagging behind in many countries. This deters potential bitcoin users to push this idea aside and keep away from crypto.

[Jawhead999]

Bitcoin is used to be as a payment alternative, but there's nothing wrong if someone use it to be a commodity. The fee required to transfer Bitcoin from one address to another is the reason why most people don't want to use it for daily transaction. The other reason is people tend to believe spending Bitcoin right now, they will lose the opportunity to sell when it's high. Not to mention some government forbid the usage of Bitcoin etc.

[KingsDen]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

• Every new technology(I mean a technology that is totally new and not reformed) finds it difficult to breakthrough. Bitcoin has even tried more than others. It is barely a decade and now it is universal. Most people are not nerdy because they have ways they can earn and they so much trust the government and banks to save for them and for retirement.
• Bitcoin is technical, although a mere knowledge of sending and receiving Bitcoin is enough to use it. But truthfully in most cases more technicalities are needed. That is why the early developers were the most beneficiaries of bitcoin. Not everyone has the time to learn to use and secure their money themselves

[2double0]

First of all, Bitcoin was started as a social experiment to let people enjoy their finances on their own. So technology was more involved than speculation, but later when retail traders understood its potential and various buyers having the power to actually manipulate the markets at that time, they did their best to shake out the weak hands and accumulated too much. Later, when the institutional investors got in, again they only saw its potential in terms of money and not the technology behind, so they pumped it up by buying it like anything, which got the retailers' minds flabbergasted and they either sold at the top or bought it and those who bought high, sold at the low and this has been nothing but a speculative asset for everyone. Now, if we talk about the technology, blockchain had been a revolution and since then, many new things got invented but nobody gave a damn to it except just thinking about making money.

[macson]

snip

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

why do you have to be frustrated with what you can't control, you can't make everyone have the understanding and belief in bitcoin as you have now, just let people open their hearts to bitcoin slowly even though it will take years to come.  the current generation, the majority of whom still close their hearts to bitcoin, will be replaced by a generation that certainly has a more modern rationale, so actually giving the bitcoin doctrine must start from small children ^{(you can start from the children around you maybe)}, slowly but surely people will have great curiosity about bitcoin.

[crwth]

I think it has come with age, especially for those not exposed to the technology age, let alone add more to it, like blockchain technology. It's hard to grasp the overall thing if you have no background in those types of things.

It's technical if you try to explain how it works, and non-tech-savvy people would have a hard time. It would be best if you were patient with those people. Maybe they are also concerned with the volatility and speculation happening in the cryptocurrency market.

There's an even more significant concern, I believe. It's about the misinformation that non-tech-savvy people can get and be victimized. Since they don't know much, they are prone to getting scammed, leading to "Fewer" people in the crypto space. It's hard to quantify, but you cannot blame them.

[ChiBitCTy]

There is actually a quite simple explanation for this...people are lazy.  As a financial advisor I'm meeting with people daily to discuss their finances.  I would say 95% of people simply have no clue about finances.  I mean the people who schedule appointments with me are at least smart enough to understand they need to seek professional help, there's countless people who are so afraid of even remotely thinking about or learning about finances/their retirement plans it’s not even funny.  For example, with retirement plans, often individuals set up an initial investment and amount coming out of their paychecks and then never look at it again. They never increase contributions or review their investments, which is so critically important. I can't even get many of my best friends to let me help them out for free (I've got close to 20 year of financial experience too, they know I'm a good advisor), that's just how much people dislike thinking about their finances.

When I speak to clients about bitcoin, which I get asked about often, they ALWAYS have the same thing in common. None of them truly understand how any of it works, they all store their coins on an exchange (typically Conbase, I mean Coinbase), they listen to my speech about the importance of buying a hardware wallet ( I always recommend Trezor ), they all tell me "yeah yeah I'll definitely buy a hardware wallet and call you to help me set it up"...none of them EVER do.  Typically they also own like 75% bitcoin and then have a slew of complete utter shitcoins that they know absolutely NOTHING about.  

People are lazy and stupid overall.  That is just a simple fact.

[Silberman]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

The lack of understanding about the economy is something that is by design, politicians do not want people to understand how the economy really works or they will understand how affected and underprivileged they are by the system in place, also if people changed their behavior overnight then the economy will crumble as it depends on consumer spending and if people suddenly started to become more frugal the whole system will feel such a drop in the demand.

[cryptosize]

There is actually a quite simple explanation for this...people are lazy.  As a financial advisor I'm meeting with people daily to discuss their finances.  I would say 95% of people simply have no clue about finances.  I mean the people who schedule appointments with me are at least smart enough to understand they need to seek professional help, there's countless people who are so afraid of even remotely thinking about or learning about finances/their retirement plans that they'll just for example with retirement plans, set up an initial investment and amount coming out of their paychecks and then never look at it again.  I can't even get many of my best friends to let me help them out for free (I've got close to 20 year of financial experience too, they know I'm a good advisor), that's just how much people dislike thinking about their finances.

When I speak to clients about bitcoin, which I get asked about often, they ALWAYS have the same thing in common. None of them truly understand how any of it works, they all of their coins on an exchange (typically Conbase, I mean Coinbase), they listen to my speech about the importance of buying a hardware wallet ( I always recommend Trezor ), they all tell me "yeah yeah I'll definitely buy a hardware wallet and call you to help me set it up"...none of them EVER do.  Typically they also own like 75% bitcoin and then have a slew of complete utter shitcoins that they know absolutely NOTHING about. 

People are lazy and stupid overall.  That is just a simple fact.

And that's why the financial elites (Rothschilds own most central banks) rule the world.

[Issa56]

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies.

Then you can start enlightening the average guys you speak to on street about what bitcoin is really all about, I don’t think their is anything bad in that, and you can also teach everyone here on the forum about what bitcoin’s is all about.  What I notice is that lots of people take bitcoin as an investment alone, they just want to buy and hold, when they are in profit they are going to sell it back. I know bitcoin is not accepted in most countries, countries that accept bitcoin is just few, but their are some countries that bitcoin is rather legal or illegal, so am sure people in countries can transact easily without having any issue with the government. How I wish people can start making transactions with bitcoin frequently, we should be able to make purchases with bitcoin, stores should start accepting bitcoin as a payment method, that’s when I can say bitcoin is already serving its purpose.

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Are you calling yourself a privileged position because of you are a low rank? If your post is really making sense it’s normal, nobody cares about the rank you are, just do your best to make meaningful contribution to the forum, then you are good to go. Every high rank you see on the forum today started as a beginner, but your impact on the forum is what’s going to if you are going to grow.

[jeraldskie11]

Not all people have the same knowledge with you. We have to expect that not all my might don't understand just like we understand a thing and we should accept it. Instead of telling them that they are nerd because they don't Bitcoin, teach them what you've learn so that they will get knowledge from you. And not all people are slow learner, there are some just don't have knowledge. However, I will prefer those people whose slow learner but are interested to learn than to those who not. So if you're going to teach them, teach them with all your heart and you will see the better result.

[carlfebz2]

Not all people have the same knowledge with you. We have to expect that not all my might don't understand just like we understand a thing and we should accept it. Instead of telling them that they are nerd because they don't Bitcoin, teach them what you've learn so that they will get knowledge from you. And not all people are slow learner, there are some just don't have knowledge. However, I will prefer those people whose slow learner but are interested to learn than to those who not. So if you're going to teach them, teach them with all your heart and you will see the better result.

Different behavior
Different intellect
Different Approach
Different views/percetions
Different ideas
Different mindset
or whatever it would be....

Each person is born different on which there are ones who do able to accept new things if ever they would be able to encounter it.There are ones who are close minded no which on the time
that they would be saying that its not a good thing then they wont really be tending to look back and on the time that they would be seeing such changes or had been proved out then
this might be the time that they would be having considerations.

This is why just let those people on believing on whatever they do have in mind. You cant really force them on what are the things that should really be needing to be believed
and to those things that needs to engaged on just because you do also engage on it. Not all would be having the same mindset and the same financial capacity
which it is the main factor on which it is really that affecting overall decisions.

[lionheart78]

Not all people have the same knowledge with you. We have to expect that not all my might don't understand just like we understand a thing and we should accept it. Instead of telling them that they are nerd because they don't Bitcoin, teach them what you've learn so that they will get knowledge from you. And not all people are slow learner, there are some just don't have knowledge. However, I will prefer those people whose slow learner but are interested to learn than to those who not. So if you're going to teach them, teach them with all your heart and you will see the better result.

Different behavior
Different intellect
Different Approach
Different views/percetions
Different ideas
Different mindset
or whatever it would be....

Each person is born different on which there are ones who do able to accept new things if ever they would be able to encounter it.There are ones who are close minded no which on the time
that they would be saying that its not a good thing then they wont really be tending to look back and on the time that they would be seeing such changes or had been proved out then
this might be the time that they would be having considerations.

This is why just let those people on believing on whatever they do have in mind. You cant really force them on what are the things that should really be needing to be believed
and to those things that needs to engaged on just because you do also engage on it. Not all would be having the same mindset and the same financial capacity
which it is the main factor on which it is really that affecting overall decisions.

I highly agree!  Every person have their own preference.  Like my friend even though he is well verse with Bitcoin and its information, he chooses to invest his money in a restaurant.  I asked him why and he told me that he is more leaning to an investment that requires his management and effort.  He also told me that at least he has control over his investment and is not dictated by the whales that manipulates the market.

[GreatArkansas]

(.....)
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

It just means that we are still early. Bitcoin is still early, we are lucky that we knew Bitcoin at a very early time. Our role now is to spread the good words of Bitcoin.
We must learn how to share what is Bitcoin, how Bitcoin works, and everything good use of Bitcoin.

Another thing we can relate the Bitcoin adoption on the internet, where before, the internet is not so famous, there is some hater of the internet and don't believe on it but later on until now, the Internet becomes our daily need.

[letteredhub]

An individual that is comfortably making use of fiat in his daily business activities and having no problem using it, OP you don't expect such individual to give you attention when talking to him about bitcoin that's a virtual currency talk more of him gaining interest in the use of it. People seek for an alternative when the current system they were using isn't giving them the needed satisfying results as it were and it's such people that are in search for an alternative that would be ready to give interest and acceptance to bitcoin adoption when they get introduced.
We don't have to force bitcoin adoption on people , allow them to breathe with time they will come by. We can't look back 14 years ago today and say bitcoin is not making progress.

[taufik123]

-snip-
It just means that we are still early. Bitcoin is still early, we are lucky that we knew Bitcoin at a very early time. Our role now is to spread the good words of Bitcoin.
We must learn how to share what is Bitcoin, how Bitcoin works, and everything good use of Bitcoin.

and also explain how the benefits and risks of Bitcoin.
We must also realize that those who are unfamiliar with Bitcoin must really know about the risks of Bitcoin and not just the benefits.

Telling only the benefits seems like spreading a FOMO that will suddenly explode and blame the informer when he loses when entering Bitcoin.

All the good things and how Bitcoin works will be understood when they fully embrace Bitcoin.
There are many points of view about bitcoin and it is possible that pros and cons will always occur.

Another thing we can relate the Bitcoin adoption on the internet, where before, the internet is not so famous, there is some hater of the internet and don't believe on it but later on until now, the Internet becomes our daily need.

The internet has become a basic necessity, all information comes from the internet and everyone cannot be separated from the internet.
Bitcoin is also part of the development of the internet, so the more the internet is widely used, Bitcoin will continue to have opportunities, especially with revolutionary payment technology.

[serjent05]

(.....)
I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

It just means that we are still early. Bitcoin is still early, we are lucky that we knew Bitcoin at a very early time. Our role now is to spread the good words of Bitcoin.
We must learn how to share what is Bitcoin, how Bitcoin works, and everything good use of Bitcoin.

Just wanted to add a few more things, if we intend to share about Bitcoin and willing to teach the person, let's make sure that the person is really interested on Bitcoin and don't force it to them since forcing other people while they are not interested at all to learn about Bitcoin will only be in vain while teaching people who are very interested with Bitcoin will surely have a great result.  Aside from that, be warry of those who have ill intentions masquerading to have interest but just want to know how much we have and then do their evil plan.

[Fullcoinese]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it.

there are many reasons why many people still don't understand Bitcoin or are hesitant to find out more about Bitcoin. Life is not only about Bitcoins.
lack of understanding of technological progress may be one of them and actually you don't need to feel frustrated and blame people who don't understand the potential of Bitcoin.
feeling frustrated alone will not produce and change anything, you can take a small step to introduce and educate about Bitcoin to your family or closest friends who are interested in Bitcoin.

[TheUltraElite]

feeling frustrated alone will not produce and change anything, you can take a small step to introduce and educate about Bitcoin to your family or closest friends who are interested in Bitcoin.

I think its similar to being a teacher and for being a good teacher patience is a big trait to have or develop. Which is why its rare to have a teacher whom we actually remember from school days who would listen and remain clam to explain things to us in detail. Point is that we should adopt a similar stance when teaching people about bitcoin, but it can get frustrating at times.

My suggestion is not to over do it or take it up like personal vendetta. It is ultimately a personal choice to invest in bitcoin or buy bitcoin and hence just let them follow that.

[BVeyron]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that  these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...

[philipma1957]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Maybe 🤔 you need to look 👀 at the bell curve for iq.


 ½ the people in the world are below average iq

and ½ are above average iq.

so if you need a minimum of average iq to understand it 4,000,000,000 won’t understand it.

I would argue only 10% maybe 20% of the world understands bitcoin. Not 50%

That means you need to be above average iq to understand it.

So maybe only 1 or 1.5 billion are smart enough to understand it.

Now the next issue is you have to be in a part of the world that gives you some kind of a shot at financial success and non violent peacefulness is also helpful.

I can tell you lots of countries will not be supporting of most of its people.

So maybe 250 to 500 million have the brains and the circumstances to buy into btc.

I think 200 million are using btc as I type. So maybe 🤔 we are close to what you should be in terms of adaptation.

[Vaskiy]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that  these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...

It is very early, takes time for people to learn about technology and experience the transition from the fiat to the digital economy. When it comes to cryptocurrency, it is completely technology based and for that reason it is not an easy thing to reach the bottom level of the people easily. When the usage increases automatically people will get to know about it, as well as try to explore and understand what is bitcoin and the need for it against the traditional system into usage.

[Mr.suevie]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that  these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...

Well what do you expect that's how it's supposed to be. You can't expect everyone to actually think of bitcoin as a means of which they can use it to benefit themselves and plus some folks are ignorant of the main issue that's behind creating of bitcoin itself so they don't just fucking see the use of bitcoin other than using any other means of payment to actually do their transaction or even use it as a core means of investment.

[serjent05]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

I think that it happens due to low adoption level: people just don't know much about cryptocurrencies. They don't need crypto, since they can't buy things using these coins. Since its impossible to transform digital numbers into values, it seems that  these numbers are not valuable. So for most people it looks like waste of money: no need to buy digits on a screen...

It is very early, takes time for people to learn about technology and experience the transition from the fiat to the digital economy. When it comes to cryptocurrency, it is completely technology based and for that reason it is not an easy thing to reach the bottom level of the people easily. When the usage increases automatically people will get to know about it, as well as try to explore and understand what is bitcoin and the need for it against the traditional system into usage.

It is all about interest and the immediate need of the technology.  Since learning and not learning Bitcoin does not pose any threat, people don't find it a basic need to learn about the technology of Bitcoin.  If learning Bitcoin is a matter of life and death, I think all people could have known and learned about Bitcoin already.

This simply shows that not all people are interested in Bitcoin and its technology, and we cannot force these people to get interested in learning about Bitcoin technology.  After all, it is their life and their decision.  I believe it is better to improve our own learning than pushing others to learn about BTC.

[cryptosize]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Maybe 🤔 you need to look 👀 at the bell curve for iq.


 ½ the people in the world are below average iq

and ½ are above average iq.

so if you need a minimum of average iq to understand it 4,000,000,000 won’t understand it.

I would argue only 10% maybe 20% of the world understands bitcoin. Not 50%

That means you need to be above average iq to understand it.

So maybe only 1 or 1.5 billion are smart enough to understand it.

Now the next issue is you have to be in a part of the world that gives you some kind of a shot at financial success and non violent peacefulness is also helpful.

I can tell you lots of countries will not be supporting of most of its people.

So maybe 250 to 500 million have the brains and the circumstances to buy into btc.

I think 200 million are using btc as I type. So maybe 🤔 we are close to what you should be in terms of adaptation.

Really strange that you say that.

How many people understand TCP/IP, IPv4, IPv6, BGP? Very few.

How many people use the internet? 5 out of 8 billion so far.

And please don't tell me internet was destined to be used by billions (unlike BTC), because even smart, high-IQ people couldn't have predicted it.

Linux was also a niche OS back in the 90s, until Android came out and made it mainstream.

Many people use Android and they don't even realize they're using Linux.

Guess what? Maybe Bitcoin needs to have its own "Android moment", which means billions of people will potentially use it in the future, even if they won't realize they're actually using Bitcoin. Crazy, right? As crazy as Android would sound in the 90s (an era where Windows prevailed).

What will be Bitcoin's "Android moment" and when it will happen exactly is a guess as good as mine.

[Out of mind]

The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.

[Ale88]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

The problem is not about people not being nerdy enough, the problem is that people are simply lazy, that's it. From time to time I try to talk about finance, investments, and also cryptos with my friends but I can see how they're not actually interested even thought there is someone pretty much explaining them how to (hopefully) make money. People always complain about not making enough money, working too much, having debts, etc etc, then you actually have the opportunity to do things in a different way and... you're not interested. I just don't get. My only regret is discovering the whole finance/crypto world too late, I wish I had someone 10-12 years ago telling me just a few things about finance and how to invest for the long run.

Ah, curiosity, that's another thing that you necessarily need to have, the more curious you are the more you'll improve your life thanks to the knowledge that comes from that curiosity.

[Lorence.xD]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

The problem is not about people not being nerdy enough, the problem is that people are simply lazy, that's it. From time to time I try to talk about finance, investments, and also cryptos with my friends but I can see how they're not actually interested even thought there is someone pretty much explaining them how to (hopefully) make money. People always complain about not making enough money, working too much, having debts, etc etc, then you actually have the opportunity to do things in a different way and... you're not interested. I just don't get.

Lazy, unmotivated, doesn't want a change or anything that would hinder them to become knowledgeable in any aspect of learning. I also relate to you, I've tried to motivate the people that surrounds me of course my friends by just saying it could simply help them change their life if they learn financial management, investment especially in the crypto. Well, of course it's true that some people would be curious and hooked into your introduction to these opportunities but they would just expect an easy money without exerting effort.

 My only regret is discovering the whole finance/crypto world too late, I wish I had someone 10-12 years ago telling me just a few things about finance and how to invest for the long run.

There's no late comer in crypto maybe if we were too early we would have the advantage especially in the past bullrun market. But still I think it would still be hard since crypto or Bitcoin is still unpredictable. But yeah learning early is one of a hell big advantage.

[Iranus]

The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.

The Internet has existed for hundreds of years and is not accessible to everyone, and even smartphones are not really popular in many places. Meanwhile, bitcoin is only 14 years old and what do you expect from bitcoin? 14 years is a long time compared to a person's lifespan, but with the revolutions and innovations in the world, it is nothing. How many years has the internet existed, how many years has gold and fiat currency existed? If you compare bitcoin to those things, bitcoin is like a baby, you can't expect everyone to know about it. Everything takes time and I see bitcoin growing too fast, not as slow as you think.

[PIMPdev]

The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.

The Internet has existed for hundreds of years and is not accessible to everyone, and even smartphones are not really popular in many places. Meanwhile, bitcoin is only 14 years old and what do you expect from bitcoin? 14 years is a long time compared to a person's lifespan, but with the revolutions and innovations in the world, it is nothing. How many years has the internet existed, how many years has gold and fiat currency existed? If you compare bitcoin to those things, bitcoin is like a baby, you can't expect everyone to know about it. Everything takes time and I see bitcoin growing too fast, not as slow as you think.

What hundreds of years are you talking about? Most of the world got easy access to the internet less than 30 years ago. Some even only after BTC creation. So yeah, a lot of people still don't trust or use the internet. And even more, obviously, think the same about Bitcoin.

[YUriy1991]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

The long term results are still unknown but BTC is becoming increasingly popular in some places and for the future they are here to stay and will likely thrive.

To be known. Of course, people's obsessions are different. Learning BTC is a must. However, if the main thing is just trading, that's the number 2 thing that is true. Most of those who have entered the market are a bit frustrated seeing the value of their assets continuing to decrease after the last big correction and having to wait for the market to return to normal and look for additional funds to buy back, if any. if not the most Hodl with patience that people will suggest and this happens thousands of times every day.

[philipma1957]

at the moment not that many btc addresses have 0.01 coins

the official numbers are

0.01 to 0.1 btc are about 9 million addresses this is a 2021 number

https://en.cryptonomist.ch/2021/11/03/bitcoin-all-time-high-for-0-01-btc-addresses/


https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[Macoach]

I can't really blame the common guy on the street , he is probably struggling with his common problems. When many people hear about Bitcoin and its current price some fear and back off and look for other alternatives, some are hardly educated about it and even if there are interested have no one to put them through. I think its up to us to share our knowledge and faith in bitcoin and the entire cryptoverse to everyone around us. If this is the future and we know it then let's market it . Bitcoin above the moon 🌙

[serjent05]

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

The long term results are still unknown but BTC is becoming increasingly popular in some places and for the future they are here to stay and will likely thrive.

The proliferation of information of Bitcoin is still ongoing.  With this knowledge being distributed everywhere comes adoption.  So we can say Bitcoin will keep on getting popular everyday.

To be known. Of course, people's obsessions are different. Learning BTC is a must. However, if the main thing is just trading, that's the number 2 thing that is true. Most of those who have entered the market are a bit frustrated seeing the value of their assets continuing to decrease after the last big correction and having to wait for the market to return to normal and look for additional funds to buy back, if any. if not the most Hodl with patience that people will suggest and this happens thousands of times every day.

For those who are into Bitcoin economy then Bitcoin learning is a must.  But for those who are after different things, then Bitcoin learning is just an option.  People life will still carry on even without learning Bitcoin especially to the place where Bitcoin is banned.

[RockBell]

The Satoshi White Paper has been around for over 14 years. But still most of the people have not become very knowledgeable about this Bitcoin, they are most of the people who are technologically behind. Some people don't even know how Bitcoin works, how it is used, and how much it benefits a transaction. It is true that there are some people who do not understand fiat as an economic alternative. But it is difficult to explain the technical or economic position to those who are largely ignorant of this subject, but those who are knowledgeable about it must understand everything about economics.

Aside from the Satoshi white paper, there are several great publications with impressive write-ups that can be used as a guide. If you want to get involved with bitcoin, you must be prepared to do some research because there will be numerous rewards. That part of the situation cannot be overlooked. Many people are still technologically behind, which is why I am always delighted to see people promoting awareness because people genuinely need that knowledge. The major problem with people is that they don't want to suffer and they want money because i don't see a reason why you will invest in what you don't have knowledge on. It does not show responsibility at all in term of finance. And that is even when they invest they don't succeed because they choose to be ignorant.

[KiaKia]

The majority of the people in the world today have no interest in Bitcoin and Blockchain technology, let me use my country as an example, people look at me like I am a different being from another planet, and everything I get myself involved with looks like something impossible for others to get involved with, this is peoples opinion about me, some called me smart person but I am not, I learned everything about Blockchain online, I have tried to confuse them that there is nothing magical about understanding Bitcoin but they don't care about my explanations.

Fiat money is what people are used to, and many believe that the government is the only thing that can direct them to go this way instead of that way, once the government made mentioned that crypto is scam many believe and they took it seriously, when the government later lifted the ban they still don't care anymore, but some people are into Bitcoin in my country, but the numbers is very small compare to those who don't care, give the Fiat currency and they are good.

Some numbers of youth are educated about still they don't want to be involved with Bitcoin, they all seem to care about making money faster than anything, Bitcoin investment is long journey to them yet years after years will pass them by with nothing achieved, it's not just about the Nerdy thing, many sees Bitcoin investment as too stressful.

[Zenp]

I don’t think it’s fair to say that people are not nerdy enough. Bitcoin in todays date is hell of a lot more recognized commodity compared to what it was a few years ago.

Even though the average person might not fully recognize how it works and operates, the average knowledge that an individual has on bitcoin is far greater than what it was 5 years ago.

This only goes to show that there is improvements being made in the knowledge transfer and we will be in a better place 5 years from now