People Are Not Nerdy Enough

[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.

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[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 🌙