Quote from: panganib999 on December 13, 2022, 06:22:00 PM

Quote from: Pablo-wood on December 08, 2022, 10:00:03 AM

I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.

There's a difference between spreading awareness about the uses of bitcoin and spreading awareness of how bitcoin is profitable. There are programs conducted in rural areas in my country where people get free lessons on how cryptocurrency works and how they can utilize it to better their businesses, transaction processes, connectivity, and more, but never giving much focus on how profitable it could be so as to not bait people into thinking bitcoin is their solution to get out of poverty. The way people make bitcoin as nowadays is as if it's the solution to their many financial problems which it definitely isn't. As a matter of fact it could even cause you some problems in the long run especially if you aren't really familiar with the inner workings of the cryptocurrency world. So you should make sure that you don't do the latter.

This is without a doubt a problem, because if you make some bitcoin related searches you will see that some of the articles or the ads you could encounter will be about how if you invest in bitcoin now then you can make a fortune in the future, and while possible such ads do not really tell you why bitcoin is useful and why it is a great invention.

So it is not surprising to see those people getting influenced by those ads and then see how they take mistaken decisions with money they cannot afford to lose, and instead of improving their economic conditions they end up making them way worse.