People Are Not Nerdy Enough

[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.

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[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.