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Author Topic: Is bitcoin really not for everyone?  (Read 853 times)
Spaceman1000$ (OP)
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August 07, 2023, 09:27:48 AM
 #1

Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is  different from the conventional ways they know of, always comes with some level of resistance.
To a large extent you can even argue that some of our leaders in government don't have an idea of what this innovation is all about hence the few restrictions here and there.
 So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.

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August 07, 2023, 09:34:30 AM
 #2

Bitcoin is for everyone who cares about their financial future, especially to have it more in their hands than in the hands of governments and central banks. Everyone to the best of their financial ability.
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August 07, 2023, 09:37:37 AM
 #3

Bitcoin is for everyone who accepts it so if you accept it, Bitcoin is for you. In contrast, if you don't accept it, it is not for you.

So if you say or want Bitcoin is for everyone, it is unrealistic but use it or not, accept it or not, it is simply personal choice and Bitcoin developers only do their development works. The rest belongs to communit to learn, research, do their choices.

Bitcoin does not care that you like or dislike it, it is here to give everyone a choice to own their keys for their own banks. If you choose Bitcoin, are knowledgeable about basics, you will use non custodial wallets and own your wallet keys.
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August 07, 2023, 09:45:04 AM
 #4

I don't know what the message in you topic is, but BTC is permissionless, so people can buy it without needing anyone's permission, but it is obvious that not everyone can either afford to buy BTC or even want to buy it. We are on a BTC forum, but take note that there are other investments other than BTC, and people may not care about the part that BTC is a censorship resistant currency or helpful for privacy.
So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
I will not do that, neither will i recommend it to someone, so many people have heard about BTC somehow and if they were interested, they will find out more about it on the internet, you don't have to expose your identity as someone who is into the network, all in the name of educating people about BTC, it is stupid in my honest opinion.

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August 07, 2023, 09:46:43 AM
 #5

Good look at things. I would say that not bitcoin is not for everyone, but there are people who are not designed for trading in general. It's not just about bitcoin, it's about the world as a whole. These are usually older people, also people from poor countries who do not know how to use a computer and have seen a phone several times in their lives. Also, many people do not have access to bitcoin due to its cost. If a person has a salary of 300-500 dollars a month, then what does he care about bitcoin ?!
And about the fact that a person needs to hear several times about bitcoin in order to become interested - I agree. I think this works not only with bitcoin, but with everything new in general.

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August 07, 2023, 09:53:01 AM
 #6

When members say Bitcoin wasn't meant for everyone, they don't mean that we should stop spreading the word of Bitcoin to others. I too do stand with that motion that Bitcoin isnt for everyone and there might be some good reasons.
     In theory, Bitcoin was designed to provide a new means of financial system which anyone can access as long as they had access to an internet connection. These means everyone was included regardless of their age, location or knowledge. As long as there was someone to educate them about it, there is a chance of them learning and adopting Bitcoin. However, in practice there might be some certain factors that might be a barrier to their learning or adoption which includes.

1.Their access to technology systems like the phone or an internet connection
2. some governments restrictions of which we all know may not be a baise for someone not to adopt Bitcoin because of its decentralized systems.
3. Financial illiteracy and belief they already have about digital money to be a scam or means to loot them of their funds.


 With all these factors most people might just not be able to adopt Bitcoin and experience it's full peotential for now, and these doesn't stop us from telling anyone about Bitcoin. We all know that no matter how you tell someone about Bitcoin investment, it all depends on them to invest in it's technology so we shouldn't force it in them. Bitcoin investment is a choice, but with time they might just want to give it a try.



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August 07, 2023, 09:57:12 AM
 #7

If we look at the bitcoin white paper we will notice that bitcoin was actually made for everyone and it's universally accessible to every individual from wherever in the world to benefit from.

 The issue of acceptance is what makes it seem like it is not for everyone but wether those that have been told about bitcoin accepts it or not it doesn't matter as there are people out there that would be willing and ready to accept it except that in their own case they haven't gotten the opportunity of been educated about bitcoin. Hence the need to never stop talking about it to people when we feel the need to wherever we go but never coerce anybody to accept bitcoin.




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August 07, 2023, 10:28:21 AM
 #8

So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
Going around raising Bitcoin awareness is not the issue; the question is, will people embrace it?

Bitcoin was created to provide us with financial freedom, not for a specific group of people. As a result, everybody concerned about their financial future will understand how critical it is to accept Bitcoin. However, some individuals see it differently, believing it is a fraud, and they are unwilling to learn something new; instead, they prefer to give banks their money.

Quote
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
There are some people that always like to do additional research about anything new that has been introduced to them; maybe that is why some people will not quickly accept it until they sit back and do some research about it before giving it a try, which is very important; in fact, that is what we always remind people to do (DYOR).

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August 07, 2023, 10:41:26 AM
 #9

Your comments regarding Bitcoin and teaching it to diverse demographics are complex and tied to social norms. It's also straightforward and uncomplicated.

We know Bitcoin is beautiful and something else. Educational concepts are crucial to Bitcoin education. We must teach them and find out what they need from us.

Older people and government officials need education too. Besides schooling, people need understanding, comprehension, knowledge, and wisdom. That's merely the iceberg's tip, or the mountain's base. Bitcoin may be a road that leads someplace, or everywhere. We must travel that path together.

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August 07, 2023, 10:59:06 AM
 #10

Bitcoin is for everyone because it is decentralized so no one has the right to ban anyone from using bitcoin. But not everyone will accept bitcoin, that's what we need to differentiate, people don't like bitcoin and bitcoin is not for everyone is different.

No matter how good or potential bitcoin is, there will be people who don't like it and that's completely normal. For example, the government will never like bitcoin because it goes against what they are after. They are a centralized system while bitcoin is decentralized.

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August 07, 2023, 11:01:19 AM
 #11

Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
Yes. Bitcoin for everyone created by a very visionary person who is able to provide space for freedom through decentralized ideas.
The people you meet say bitcoin is not for everyone, that person misunderstands bitcoin and you should stay away from associating with them.

You, you and anyone else may receive and own bitcoins as long as people have addresses and wallets as places to store them.
Everyone has the right to use bitcoin and has the right to make transactions on the bitcoin they have.
Stop thinking narrowly when the world is getting more advanced with various available technological sophistications.

For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
Never convince people to like something, because those who don't like it will never accept our explanation. Later they will look for us and ask to explain if they are from developing countries.

R


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August 07, 2023, 11:30:16 AM
 #12

If you care so much about attracting people to Bitcoin, show them the example of your life. If you have achieved something, if you have changed your life, and it is noticeable to others, then you will get a lot of followers for you and your interests.
But as long as a person remains poor and preaches something to people, people, starting from other information, which is very much in the media, will believe those who, in their opinion, have more reliable information.
Do not force people to invest where they are not yet ready to invest, especially since they do not have the funds to take the risk.

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August 07, 2023, 11:45:52 AM
Last edit: August 07, 2023, 01:14:00 PM by coinerer
 #13

Bitcoin is not limited for someone. Bitcoin for everyone who want to use or who want to invest on bitcoin. it is a decentralised coin so anyone can buy and use it very easily. but it has risk because so evey bitcoin users have to afford this risk. became bitcoin inflation rate very high so anyone can get rich very quickly and get poor quickly. but if you have patience then you can achieve anything big became Bitcoin's price has fallen, but it has recovered Again

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August 07, 2023, 12:19:21 PM
 #14

It is cogent that Bitcoin is not for everyone, reason best known to whosoever that is involved, some people are incredulous and arduous in nature, your continuous preaching to them will not change their mindset to believe in the knowledge you have to impact to them but instead of this to enervate you, I think it will be better for you to channel such energy to improve yourself and concentrate more on the ones that are extricate and resolute in learning new ideas, this will save you a lot of stress.

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August 07, 2023, 12:19:52 PM
 #15

Good look at things. I would say that not bitcoin is not for everyone, but there are people who are not designed for trading in general. It's not just about bitcoin, it's about the world as a whole. These are usually older people, also people from poor countries who do not know how to use a computer and have seen a phone several times in their lives. Also, many people do not have access to bitcoin due to its cost. If a person has a salary of 300-500 dollars a month, then what does he care about bitcoin ?!
And about the fact that a person needs to hear several times about bitcoin in order to become interested - I agree. I think this works not only with bitcoin, but with everything new in general.

Yeah, some of us were talked to one or two times before we started picking interest and we went further to do our own findings by our selves, but the thing is, somebody did the talking first.

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August 07, 2023, 12:26:05 PM
 #16

Bitcoin is for everyone, regardless of gender, ethnicity, race, religion, nation, be it gender neutral, gender fluid, gender dragon, or whatever it is Bitcoin was created to be used by everyone in their transactions. You could say that Bitcoin was not created for everyone whatever your argument, but I believe that Satoshi developed Bitcoin to be enjoyed by everyone. period.

R


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August 07, 2023, 12:37:07 PM
 #17

If you care so much about attracting people to Bitcoin, show them the example of your life. If you have achieved something, if you have changed your life, and it is noticeable to others, then you will get a lot of followers for you and your interests.
But as long as a person remains poor and preaches something to people, people, starting from other information, which is very much in the media, will believe those who, in their opinion, have more reliable information.
Do not force people to invest where they are not yet ready to invest, especially since they do not have the funds to take the risk.

but if you want to live discreetly about your crypto life, there's no need to show to everyone that you're doing good in this industry.  nowadays, people have so much advantages when it comes to gaining information as you only need to put your keyword to search for basically anything under the sun. so if one is indeed interested on any topic or subject, he can easily obtain such info. but should know if the site is giving legit or fake info.
this market is not for everyone, especially for those who have no patience in understanding what this market or this new tech really is. if they are here for quick profit, more then likely, they will exit this market broke and accusing that this one is fraud.

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August 07, 2023, 12:45:24 PM
 #18

Do you think education is enough? let's imagine I know Bitcoin, how it works, exchange, wallet, seed phrase, node, code and anything about technical. But I'm poor and I don't have any money to invest, so how can I own Bitcoin? You might argue you can offer your skill and get paid directly with Bitcoin, but that's not the point, you're must need money to buy Bitcoin.

It need both of knowledge and money in order to start your journey as Bitcoin adopter.



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August 07, 2023, 12:48:40 PM
 #19

Quote
Is bitcoin really not for everyone?

Bitcoin gives everybody an equal opportunity to own or use it but everybody can't access it because of some factors. These factors are the reason why Bitcoin is currently not for everybody. Some of the factors are:
1. Illiteracy: In developing nations, the majority of its population are illiterate. Most of them can't even read or write. So teaching such people about Bitcoin will be a waste of time because they would not understand anything.

2. Preference: Using or investing in Bitcoin is by choice and not by force. Some people prefer using fiat and investing in other sectors. I have seen people that don't want to hear anything about Bitcoin or other altcoins. The reason is that they don't have interest. This set of people doesn't have any interest in Bitcoin, so it is not for them.

3. Government policies: If the use of Bitcoin is illegal in my country, Bitcoin is not for me. Some countries have criminalized ownership and use of Bitcoin. Persuading such a person to buy Bitcoin is like encouraging him to commit a crime.

4.  Poverty: A poor man is only concerned about how to satisfy his basic needs and not how to invest. All he wants to hear is how to get money to buy food, clothing, or pay house rent. When his income is not enough to meet his needs, he will not listen to your Bitcoin lectures. Even if he listens, he has no extra funds to buy.

Nobody is stopping you from engaging in a Bitcoin awareness program because the community needs all the publicity. But as long as Bitcoin is still not a global legal tender, it is not for everybody.

R


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August 07, 2023, 12:49:53 PM
 #20

Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
Is there ever a thing that's for everybody? Nope, there isn't. So, why make it look like it's an aberration if Bitcoin isn't? When we see it from that angle then we should know that this wiping up unnecessary sentiment for Bitcoin is uncalled for.

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For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
Don't beat yourself up on that and think it's because your part of the world is uncivilized and uneducated that's why. Even in America with all its civilization there are people who don't accept whatever Bitcoin stands for. I guess it's a mindset thing that we choose whatever we think benefits us. Years to come, there are people even in China who will tell you they haven't heard about Bitcoin, let alone accepting it.

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