I recently watched the movie Goosebumps 2 with my kids and Bitcoin was once again mentioned briefly in this movie. The one boy mentioned Bitcoin and the other boy called it Nerd money. 
So it got me thinking, why would people label Bitcoin as Nerd money, when people use electronic payment options like PayPal every day? What feature about Bitcoin gives people this impression about Bitcoin?
The first thing that comes to mind is the technical IT knowledge that people need to understand the concept about this technology and also it's origin amongst very highly skilled programmers and developers in the IT industry.
I am definitely not a nerd, but I am more than willing to carry that label, if it means that Bitcoin should be part of my skill and knowledge set in this world.
Bitcoin Nerds will rule this world!
So it got me thinking, why would people label Bitcoin as Nerd money, when people use electronic payment options like PayPal every day? What feature about Bitcoin gives people this impression about Bitcoin?
The first thing that comes to mind is the technical IT knowledge that people need to understand the concept about this technology and also it's origin amongst very highly skilled programmers and developers in the IT industry.
I am definitely not a nerd, but I am more than willing to carry that label, if it means that Bitcoin should be part of my skill and knowledge set in this world.
Bitcoin Nerds will rule this world!
Bitcoin is considered as nerd money because the whole ecosystem is run in a protocol and algorithms are written from developers.
It is totally different from the traditional electronic payment systems that people are used to them.
And additionally, Bitcoin and cryptocurrencies in general are used from people that are tech-savvy and they understand the technology behind bitcoin. Maybe this is the reason why they characterize it as nerd money.