Does the world know about Bitcoin?

[Lidger]

A month ago, a news channel made news about Bitcoin in my country. I still see a lot of people who think Bitcoin is a scam. I feel bad for them; they still don't understand Bitcoin's growth from zero to here. Those who are calling Bitcoin scam; they know Bitcoin, but they don't know how it actually works. And I saw a lot comment there they don't know what is Bitcoin, they heard first time about Bitcoin. I don't know any exact data, but in my opinion, less than 5% of people know about Bitcoin. That means a major part of the population is unaware of Bitcoin. 

Those who have no idea about Bitcoin and who have been misinformed from the beginning will basically do the same thing about Bitcoin. If I always discuss with you the negative aspects of a subject, only the negative aspects of that subject will come to you, and whenever you hear the name of that subject, you will find its negative aspects. A country's journalists and other media spread negative propaganda about Bitcoin, which creates a negative perception of Bitcoin among people who did not know about Bitcoin in the past when they learn about Bitcoin anew. But beyond all these, if a user tries to learn about Bitcoin on his own, then he will definitely know something good about Bitcoin.

the media i think intentionally made BTC look like a scam to the public. because if there is good news for BTC like the approval of ETFs, the news never made it to the mainstream for all to hear. but if the news is about BTC being used to scam or the kidnapper asked for the ransom in BTC, the news will just spread like it is happening worldwide that even my pop who is just as bedridden as he is will start asking whether i'm involved to this kind of activity. 

not everyone in the world will get a fair knowledge of the wealth distribution that is currently happening. they will miss it out because of the media and the people behind it they are keeping it out for the public to know. i think it should be our duty already to spread the word out.

If people in a country buy bitcoin instead of keeping money in the bank or invest in bitcoin, then the economic situation of the country's government can be seen as a disaster. Not only does Bitcoin spread bad news but various banks always warn customers about Bitcoin so that customers don't invest in Bitcoin at all. But I have seen many investors from those countries too who are investing in Bitcoin without giving importance to such false propaganda of their country. I think every country probably has investors who are investing in Bitcoin against the propaganda of their country's news media or banks.

[Catenaccio]

If people in a country buy bitcoin instead of keeping money in the bank or invest in bitcoin, then the economic situation of the country's government can be seen as a disaster. Not only does Bitcoin spread bad news but various banks always warn customers about Bitcoin so that customers don't invest in Bitcoin at all

There is no future that all citizens in a nation will store their money in Bitcoin but not in fiat currency, gold and other assets. There will be no similarity like this at national scale and there will be always two opposite people: Bitcoin investors, non-Bitcoin investors.

Like you can not have all citizens in one country only invest money in gold or stocks. Never seen like this in history and I believe we will not see it in future too.

Will it become terrible for government and the national economy because most of people store money in Bitcoin?

It is a big question but I don't think it will be big problem for government and national economy.

[YOSHIE]

Does the world know about Bitcoin?

In 2009-2016 perhaps not many people knew about Bitcoin, perhaps those who believed and understood how Bitcoin worked knew, but entering 2017 until now Bitcoin is already known by many people, starting from lay people to intellectuals and starting from the bottom up to those in high positions.

Now the world understands and knows Bitcoin, only those who are cowards say they don't know and are cheaters, in fact they know Bitcoin, it's just that they are stingy and lazy to learn it, they still think that no one can make money without hard/primitive work, they are minimal in digital ways of working, such people don't keep money in banks, they like and believe in keeping it in bunkers and under pillows.

In this world there are still many people who don't believe in banks, what's more, digital currency is more anti to them, actually they know about it, only their minds don't think about the current situation.

[dezoel]

When we say World, I think it does not only mean each Country but even most countries who are into BTC can still be valid, so the answer to your question is yes, the world knows it. Maybe if you try to be more specific and instead say 'The Whole World', I think I will also change my response to no from yes. If someone can say that BTC is a scam, then they already heard of it.

Not all those who embrace bitcoins are profiting but many people are also losing here. Only those people who do not know that the world is now digital, are the people who are away from civilization, people with extreme disabilities, and people who are not well-educated as the requirements of latest financial and digital world (bitcoin originates from the point of those two world merging up).

[KingsDen]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin,

The world is too big. The Christians believe that why the world has not come to pass and judgement passed is because all nooks and crannies of the world have not heard about the gospel of Christ. If Christ who existed thousands of years ago is still not known on some part of the world till today, how about bitcoin which barely a decade old.

they always think that Bitcoin is a scam, .

There's a difference between not knowing at all (not heard about bitcoin) and knowing wrongly (thinking bitcoin is a scam). Which are we discussing?

[Hamza2424]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Hmm, Op you are talking about the street-level recognition of Bitcoin, we are far away from such recognition of Bitcoin-only the younger generation and mostly from the freelancers who recognize Bitcoin and its potential. If you consider even my country here the areas which are developed cant even provide the proper fast internet service except for the big cities and even in those cities the recognized areas are covered.

So what are you expecting in such facilities that people should be discussing the Bitcoin nd its future potential in near future or working day night to feed their families, I do even know those areas where electricity was not available a few years back.

[Smartvirus]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Forgive me for asking but,
What do you hope to archive with this topic?

I feel it’s a thing of concern as every thread tends to have that one thing it hopes to archive and for this one,
Well, you could say you just want to know if there are parts of the world that don’t know about Bitcoin and of course the answer is always going to be yes. Your first line in the topic agrees even so, why the thread, what’s the purpose?

Even in the future when Bitcoin becomes very popular, if it does or attain a mainstream such that, it’s more conveniently used, there would always be those that would be alienated to it and it’s okay. End of discussion!

[xmonkeyx]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

People's understanding of Bitcoin appears to differ across the globe, potentially with certain areas having less familiarity. However, with the internet becoming more accessible worldwide, individuals are gaining greater exposure to information about Bitcoin. Sharing perspectives and insights on this digital asset remains essential to enable informed decision-making on a global scale.

[Dunamisx]

with the way of advancement on the use of bitcoin and its adoption globally, there is no country that have not heard about bitcoin even though they are not accepting it as a legal tender, they knew about its existence and their people are using it for their own purpose because everyone want to achieve a certain level of financial freedom and have this liberty to operate in their financial economy, its only that the governments in some countries are not allowing for that to happen.

[GideonGono]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Surely there are still some place or people who doesn't know Bitcoin or crypto.
And for sure those who doesn't know it, would think that it is a scam or fake, I know some people who didn't even believe it back in 2015 when I introduced it to them because they think that it was just a joke since it is a coin that have such value and worst part is it is only in the internet, so I wouldn't be surprised if there are still some people who doesn't fully understand crypto or Bitcoin and thinks that it is a scam.

[letteredhub]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

You should know that it's not all part of the world that have access to the internet or makes use of the internet and you and I does. How do those people now have to know about bitcoin when maybe their topography or traditional conditions makes them have no use or need for the internet. Do you think these types of people will give a fuck about how much you're making with bitcoin?

AFAIK, bitcoin wasn't designed for every human on planet earth, and if the population that have knowledge about it and are making a positive change in their life with the use of it then I should care much about the population using it than been worried about those that ain't even after hearing about it.

[Ludmilla_rose1995]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

I live in an area that can be said to be quite modern, but when I meet new people, many of them don't understand what bitcoin and altcoins are, but they have heard about bitcoin and several altcoin tokens such as ogecoin or shiba inu, here I am it can be concluded that people actually know what bitcoin is but they don't want to learn about what bitcoin is and find out its functions and uses, maybe when mass adoption occurs, they will understand what bitcoin is or their children will learn about what bitcoin is

[Ludmilla_rose1995]

If you have heard of a poor place, an ethnic minority area, or a land of monks,... they don't know or don't bother to see what social life is going on. It's a matter of social conditioning, or perhaps control, that makes accessing something seem unfavorable.

Even in my family the grandmother is now almost 80 years old but they don't want to use the internet and don't care about some devices like smartphones, there is no pressure on anyone to know about bitcoin.

In my opinion, the younger generation should be the one who is most knowledgeable about bitcoin. Old people (bless them) do not really need to be using all this as it’s not exactly necessary to live at least for now. They can survive without using bitcoin however the new generation would definitely be welcomed in to a world where digital currencies are the new normal hence why they have the most to learn about bitcoin.

actually it is quite difficult for parents to teach about bitcoin, especially if they feel they no longer have the desire to pursue money, I would rather use all my energy to teach bitcoin to young people, I read that the purpose of the bitcoin ETF was created to attract Old investors who don't want the hassle of wallets or traditional ways of buying Bitcoin, they want to get Bitcoin even if it's just a piece of paper

[Felicity_Tide]

Without me using any stats, i think there are a decent number of people who are aware of the word Bitcoin. Though, I believe that not everyone who is aware understands what it truly means. Some people know Bitcoin as money, while others know Bitcoin as a technology, and also, others know Bitcoin as both technology and money. It is clearly unrealistic to assume that the entire 8.5 billion people in the world have heard about Bitcoin. This is not their fault, as there are certain factors that have not given them the awareness such as digital illiteracy, lack of information, access to education and others. But should we blame them?, I don't think so.

These people who are clearly off the track of Bitcoin and its technology are still living their very best lives, though they lack the recent updates. They still make their money and spend it, which does not make them less important either. The world they say has become digital, but that does not mean that everyone is into digital. I think some people will hear about Bitcoin and still choose not to be part of it, while others won't even hear about it at all. Just because you live in a digital space/environment, never doubt the high level of digital illiteracy and underdevelopment in certain regions.

[angrybirdy]

If you have heard of a poor place, an ethnic minority area, or a land of monks,... they don't know or don't bother to see what social life is going on. It's a matter of social conditioning, or perhaps control, that makes accessing something seem unfavorable.

Even in my family the grandmother is now almost 80 years old but they don't want to use the internet and don't care about some devices like smartphones, there is no pressure on anyone to know about bitcoin.

In my opinion, the younger generation should be the one who is most knowledgeable about bitcoin. Old people (bless them) do not really need to be using all this as it’s not exactly necessary to live at least for now. They can survive without using bitcoin however the new generation would definitely be welcomed in to a world where digital currencies are the new normal hence why they have the most to learn about bitcoin.

actually it is quite difficult for parents to teach about bitcoin, especially if they feel they no longer have the desire to pursue money, I would rather use all my energy to teach bitcoin to young people, I read that the purpose of the bitcoin ETF was created to attract Old investors who don't want the hassle of wallets or traditional ways of buying Bitcoin, they want to get Bitcoin even if it's just a piece of paper

Partly true because some parents doesn't want to learn more when it comes to investing their own money especially at this digital age because they only know the traditional investment that usually they have. I agree that it's better for some younger generation to learn more about on it because this is the evolution of future and it's better for them to know how to be financially stable in life even at their young age so they can experience early retirement age unlike what happened to some adults now.

[milewilda]

If you have heard of a poor place, an ethnic minority area, or a land of monks,... they don't know or don't bother to see what social life is going on. It's a matter of social conditioning, or perhaps control, that makes accessing something seem unfavorable.

Even in my family the grandmother is now almost 80 years old but they don't want to use the internet and don't care about some devices like smartphones, there is no pressure on anyone to know about bitcoin.

In my opinion, the younger generation should be the one who is most knowledgeable about bitcoin. Old people (bless them) do not really need to be using all this as it’s not exactly necessary to live at least for now. They can survive without using bitcoin however the new generation would definitely be welcomed in to a world where digital currencies are the new normal hence why they have the most to learn about bitcoin.

actually it is quite difficult for parents to teach about bitcoin, especially if they feel they no longer have the desire to pursue money, I would rather use all my energy to teach bitcoin to young people, I read that the purpose of the bitcoin ETF was created to attract Old investors who don't want the hassle of wallets or traditional ways of buying Bitcoin, they want to get Bitcoin even if it's just a piece of paper

Partly true because some parents doesn't want to learn more when it comes to investing their own money especially at this digital age because they only know the traditional investment that usually they have. I agree that it's better for some younger generation to learn more about on it because this is the evolution of future and it's better for them to know how to be financially stable in life even at their young age so they can experience early retirement age unlike what happened to some adults now.

This is true and the solid example is reflecting with my own parents too on which they are really that close minded in regarding on the idea or about the existence of cryptocurrency specially into the investment
part or making money because they are really that only sticking with those traditional ones and wont really be tending to welcome any new ideas or ways or methods that someone might be giving out some advise
or recommendation to them. They might be able to see some results or real money or earning but that wont be enough on convincing them to go with the same path, not unless if they would really be willing
on doing so.

We cant really be able to convince them because there are really indeed inviduals who would really be that closing their minds because of tons of scam investments that we do have in today on which
it is really that true but not something that not all would really be considered or be generalized. This is something that will really be not be removed into them but doesnt
mean that they wont really be able to get convinced later on.

[Vinaa77]

Partly true because some parents doesn't want to learn more when it comes to investing their own money especially at this digital age because they only know the traditional investment that usually they have. I agree that it's better for some younger generation to learn more about on it because this is the evolution of future and it's better for them to know how to be financially stable in life even at their young age so they can experience early retirement age unlike what happened to some adults now.

For most parents, of course, it will be very difficult to accept current technological developments such as investing in crypto because they are very used to investments that they have learned a long time ago and for some of the younger generation, of course this is very useful for their future and that The most important thing is for them to continue studying before deciding to invest so as not to make the wrong decision on the investment, but what we need to remember is that all of these things require a long process and we have to be patient to be able to achieve the investment target we are making.

[Kelward]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

Some people haven't heard about Bitcoin, some of the people that have heard about it doesn't know what it is, while some knows what it is but either they don't have interest in digital currency or they just don't care. Before I came to understand how Bitcoin works, I used to think that it's one of those Ponzi schemes, where people will be investing their money and they'll be getting returns on their investments, that one day when the developers have amersed enough wealth, they'll just shut down, I know that some people that have heard about Bitcoin, still holds this untrue notion. I believe that Bitcoin adoption is increasing gradually, and one-day, everybody in every corner of the world will own a crypto wallet, just like bank accounts.

[Churchillvv]

To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.

One that is very certain about technological advancement is that not every one moves or advance at the same time. A lot of people are not acquainted with the technologies that are been created in this modern age. So for hearing or knowing about bitcoin it might seem weird to for people in remote environments to know about bitcoin.

I don't really know how many people in the world population that knows about bitcoin but I believe it's very much lower compared to the total number of people in the world. Bitcoin has made its way to the top and most powerful digital currency and infact it's the first of its kind so it's growing or spreading gradually to the world at large. Some time ago a lot of people in my local community never knew about bitcoin but today I think the popularity of bitcoin in my community has amazed me without it being advertised it still made it way deep in to a rural community so i believe bitcoin is growing gradually.

[Issa56]

To me i think there are some part of the world that still don't know anything about Bitcoin

You don’t expect everyone to know about bitcoin all at once, it’s going to be spreading gradually. When bitcoin was created, only a few people knew about it, and most of the people who know about it don’t really have confidence in it. But gradually, bitcoin keeps on spreading. I know there are still lots of people who don’t know about bitcoin or haven’t heard anything about it before, but I am sure with time, bitcoin awareness is going to get to them. Let’s give bitcoin a time  5 years to come, bitcoin adoption and awareness will have increased.

even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam,

No matter what you tell some people about bitcoin, they will still think it is a scam. So if I can introduce bitcoin to anyone and the person thinks it is a scam, I don’t disturb myself, I will just leave the person, because if I can force them to invest in bitcoin and anything happens to the person’s investment, they will think I am the one who scammed them.