Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: How do you educate petty traders in adopting Bitcoin?
by
Henrobakkara
on 11/06/2022, 05:30:11 UTC
⭐ Merited by Bitstar_coin (2)
I have come to realize that mostly on daily basis, petty traders; hawker stall, street vendors, street hawkers, market men and women, kiosks do transactions often and frequently and they are not amongst the top class citizens in the society. Some are uneducated and are not anywhere near technology to get acquainted with blockchain and Bitcoin. I believe if they are informed and have knowledge about Bitcoin properly they will want to key into it so as to save themselves of unnecessary stress and expenses from banks and other groups.
What's your opinion in educating these petty traders and letting them know more about Bitcoin because  I believe this is amongst the grassroot adoption which starts from the base as they do transact more often than some of the big companies we hear of. Although the petty traders do little amount but it is most often on daily basis.
 What steps would you take in drawing the attention of the traders to Bitcoin?
Let us be realistic. I understand we all want Bitcoin to be a global adoption and from your own explanation, most if not all the traders you mention don't do big numbers in terms of cash daily, or even if they do, it is usually in bits and that is where the problem is. Why were people complaining so much when ETH fee was high? even then you would remember that the whales cared less about fees that's the same problem that these petty traders will encounter with their daily trades with Bitcoin. They do little transactions at a time mostly amounting to small satoshis and if they will be paying fees for every transaction plus price volatility, you can see why people on that level of education as you mentioned might not adopt it for transactions.