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Author Topic: I think Bitcoin has a bigger problem than explaining how it works  (Read 343 times)
X-ray
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Today at 03:34:51 AM
 #41

But the larger question is this: what actually makes someone care about sound money?
They will care when their bad money vaporized. Like bank account freezing, paypal account freezing and so on.

Usually people don't seek privacy until they found the threat and it's the same with money.

Not many care about decentralized money until the bank that they loved dearly freeze their accounts for something unreasonable and make them deprived of financial access.

A decade ago people thought Bitcoin as just toy money, they they finally found the urgency. Turns out a decentralized money has its use.

I think this one of the great thing about Bitcoin, you don't even need to explain it to people and eventually they will need Bitcoin and learn about it.

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Today at 04:50:23 AM
 #42


The book is really good if anyone is interested in it.


How can I get a copy? Is it free, or is there a way for me to download it myself? If possible, could you please provide the link? I’m very keen to learn about Bitcoin, as I’m still a complete beginner.
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Today at 01:54:29 PM
 #43

Try showing them the profit potential. That is what we as a human understand the most. Bitcoins have helped us achieve financial freedom by giving high returns in the past. That is just one added benefit of being with bitcoins. If they can understand that they can make good profits in bitcoins, they will surely would like to give it a try. Maybe you can start explaining them about various investment assets where they can minimise risk while still being able to see profits. DCA can be a easy start for them.

Most of the times, if you go into technical, the other person listening would become less interested because a few terms would just sound like a jargon to him.
Showing some profit could actually be a motivation to them to get along with the bitcoin community most especially if they have some doubts about it prior to that time. But it could also be dangerous to you and can lead to high expectations from such person. Meanwhile we know how bitcoin market is very uncertain, and profit are not guaranteed. so I don’t think showing profit will ever be a good idea most especially to an entirely newbie.

Yes just explains to them how it’s works and the potential in it if they find it welcoming then it’s great, but if they don’t you shouldn’t try to lure anyone or try to persuade them in anyway it’s not everyone that will accept bitcoin you know right.

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Today at 03:04:29 PM
 #44

I never did care about Bitcoin even when I had a friend who was years ahead in its knowledge and investment process that he made money from it. My own conviction came as at a time when salary became too little because of rising inflation, savings diminished in the bank and anyone with your account or bank verification details could easily see your balance and rate you instantly.

Every one of us do have different motivations to why we got to consider for bitcoin adoption, it is also important that we realize the fact that it has been discovered to meet a certain condition or need, whereby we can't afford not to adopt bitcoin than to use it on areas being made applicable, it is more of our personal conviction that determines the take they give towards it, some will adopt for bitcoin while some been taughtmay not as long as they are yet to be satisfied with what they have learnt about Bitcoin.

 
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Today at 03:20:16 PM
 #45

But the larger question is this: what actually makes someone care about sound money?
I think the question we need to answer first is: does it matter?

We are not looking for getting everyone on board. After all, we cannot force people to change.
Bitcoin is "freedom money" or as I like to call it: the exit. Those who want to have financial sovereignty are going to benefit from Bitcoin and those who want to remain slaves of the oligarchy will continue living like that.
If there's any other way simpler to make the OP understand that, bitcoin is an alternative to the rusted traditional fiat system and it's only those who care and seek for an alternative means to that rusted system that would actually care to getting involved with bitcoin and compare with the traditional fiat, and then make a decision for themselves. Because, just like you literally mentioned, bitcoin is absolutely a "freedom money" and people shouldn't be forced or obfuscated into adopting it without them not understanding it and appreciating it value and role.
With decentralization of bitcoin and it's pseudonymous use for privacy, I think there's no much to not care for from anyone who takes his privacy seriously.

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Today at 03:39:03 PM
 #46

I've been involved in Bitcoin for years, and one thing I keep coming back to is the difference between explaining Bitcoin and giving someone a reason to actually care.

21 million hard stop. Proof of work. Decentralization. Self-custody.

All important. None of them necessarily means anything to somebody who goes to work, comes home, pays bills, and has no interest in spending their evenings studying monetary policy. I like doing that, but im probably weird

I wrote a novel partly because I hoped it would be a better way to have that conversation with people who aren't already interested.

The book is really good if anyone is interested in it.

But the larger question is this: what actually makes someone care about sound money?

I don't think "number go up" is enough. I've watched people abandon things they believed in when the financial incentive disappeared.

What gave you your reason to care about Bitcoin beyond the price?
Well, "number goes up" is what brought most of the adoption we have today. And the funny thing is that, the very thing Bitcoin was trying to solve—centralization—is what even made Bitcoin's price boom the way it did—ETFs, and CEXs have the largest Bitcoin shares.

I really don't know about others, but based on myself and those around me, the "number goes up" is what created that interest in Bitcoin.

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Today at 03:39:52 PM
 #47

Bitcoin does not need marketing. Not getting stolen by faceless bankers through central banking alchemy is life-saving technology, and everyone who understands how money works, also understands how important hard money is for their lives.

That also means that no matter how good you explain Bitcoin to someone who is a present-oriented retard, he's not going to buy and hold.

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Today at 03:41:40 PM
 #48

-snip-
All important. None of them necessarily means anything to somebody who goes to work, comes home, pays bills, and has no interest in spending their evenings studying monetary policy. I like doing that, but im probably weird
The way it works is, in itself, an issue. I mean, it would be risky to bring someone new into it if they aren’t interested in how it functions. I don’t want to look foolish by explaining something that holds no interest for the person I’m talking to.

-snip-
What gave you your reason to care about Bitcoin beyond the price?
The community.

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Today at 06:36:26 PM
 #49

I have held a coin or invested in a coin that has financial freedom. Bitcoin is basically the opposite of all conventional currencies, it is a digital currency that has complete control over one person, that is, if a person wants, he can complete all kinds of transactions without the intervention of a third party. So I think the main purpose of Bitcoin is not just to earn profit by holding it, but financial freedom is quite important here. Another good aspect of Bitcoin is that its supply is limited, that is, the amount of supply that is in the market, a Bitcoin will not come to the market outside it, that is, this limited number of Bitcoins will spread to the people of the world. No matter how many users increase, the supply of Bitcoin is not increasing, in which case you can definitely think about this coin in the long term.

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Today at 06:58:20 PM
 #50

What gave you your reason to care about Bitcoin beyond the price?
We cannot go beyond the price, the price that guarantees profits after buying and holding.

Everything else follows after the price, i hardly be in a position where i use Bitcoin as a means of payment, maybe not now, probably in the future, but as of lately, we can't get beyond the price, that is my intriguing part about Bitcoin and where i base my interest.

R


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