Quote from: mercilesssuggy on March 07, 2014, 03:30:24 PM

Anyone reading this post has an IQ higher than the average person.

What makes me say that? Well, the average person in England for example reads The Sun which we know due to the popularity of the paper.

Unfortunately, as us intelligent Brits know, The Sun is a sad perspective of news. One of todays top stories:
"70 year old man's escort is son's girlfriend".

Equally, last week, I was at my girlfriends cousins house. He has 4 daughters ranging from 6 to 12 - He's an intelligent investor, very wealthy, but had no idea there were parental controls on the iphones/ipads he's given to his daughters and didn't know about the dangers online *sigh*.

We live in a non technical world where most people aren't technical, but those who are technical tend to be more successful these days...

The bad news, is for BTC to become the type of global currency we want it to be, the world needs to embrace it. In a world where our laws don't embrace international crime over the web, how are people going to ever want to explore something they simply don't understand?

I feel Bitcoin has a major problem and one that can't be solved for a generation or two, and that's to do with intelligence and understanding.

I invested at $1k - As a technical person, I'd been following the rise and can see the long term sustainability and benefits of BTC. If everyone around me non technical who also started hearing about it invested, that price would be $10k+, but I can't see it achieving high limits due to the reasons stated. I now worry we'll see the price lower long term as the world moves away from it..

Thoughts?

People may miss the technical aspects of bitcoin, but most can see the financial aspects and understand that playing bitcoin is a high risk gamble. It doesn't make people dumb, that they don't like to gamble to fill the pockets of the earlier adopters.