Quote from: Lucius on Today at 10:31:39 AM

Quote from: urbanmerchant on Today at 06:40:45 AM

Yes, I am complaining that people are not nerdy enough. It's been 14 years since Satoshi published his white paper and the vast majority of people still don't understand what Bitcoin is and how to use it. Sure there are many people buying Bitcoin on crypto exchanges and speculating on it.

Although I agree that the vast majority of people who have heard about Bitcoin do not understand what this is really about, it is also a fact that most of those who own it do so only for possible profit. Who do you think is the bigger problem? Those who do not understand BTC, or those who know well what it is about, but have never used it as a currency?

I think people who understand what Bitcoin is yet never use it as currency are the bigger problem. It's just facts the crypto economy is better than Fiat based economies because many PoW crypto's had a fair launch and limited supply and function as virtual commodities. This facilitates a stable economy and a virtual currency that doesn't have to rely on the strength of the economy.

Economies grow through spending and investment, so I am doing my best to encourage people to spend their bitcoins through virtual marketplaces and other channels. A few weeks ago I gave a local charity in my area a bitcoin paper wallet with 10 Bitcoins. I later found out that they threw it in the trash thinking it's some kind of prank or scam. This was a facepalm moment for me. Those bitcoins are now locked on the blockchain forever, because without a private key, there is no way to ever access them. (Unless someone finds the paper wallet in the trash? How likely is that? )

My point in sharing all of this, is to show that people are still very ignorant when it comes to Bitcoin's technology.