People Are Not Nerdy Enough

[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.

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[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.