Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin really not for everyone?
by
Blitzboy
on 13/08/2023, 11:28:47 UTC
Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
For some of us that are from developing countries, is not easy to convince someone about bitcoin or educating somebody about it at first instance and you expect them to accept it wholeheartedly.
They need lots of education and convincing because they do not have an idea of what your saying or what bitcoin looks likes especially for those of them above middle age, because the semantics of bitcoin is a bit different and the approach towards accepting new idea's that is  different from the conventional ways they know of, always comes with some level of resistance.
To a large extent you can even argue that some of our leaders in government don't have an idea of what this innovation is all about hence the few restrictions here and there.
 So for me, no amount of educating people about bitcoin is enough, if an individual has the energy to go round his community to talk to people about bitcoin, I think is a welcome development, as long as his giving them the right knowledge on bitcoin education.
In telling people about bitcoin, even if they don't seem to accept it at first, you will see a good number coming to pick interest much later. Just because a person didn't accept your idea presented to him immediately doesn't perfectly mean he has totally rejected for at some point in life he might find reasons to give the idea a try even without you knowing about it. Let's keep the ball rolling bitcoin is here to stay.
Satoshi Nakamoto essentially created Bitcoin for everyone in the world. But in the meantime we can confirm that Bitcoin is not for everyone because those who have financial problems will never invest in Bitcoin. When a person doesn't believe in Bitcoin then Bitcoin is not for him because he will never invest. Most people express an interest in investing in Bitcoin if they are educated about it, but they shy away from it because they don't have the money. There are some educated people who can understand Bitcoin with a little education but there are many people who don't understand anything about Bitcoin out there. Those who can easily learn about bitcoins can invest and bitcoins for them, and never bitcoins for those who don't understand bitcoins. Bitcoin will be for everyone when people experience and understand about Bitcoin until they understand about it Bitcoin is not for that person.
Satoshi Nakamoto's ambition for Bitcoin was to be a DECENTRALIZED form of currency, not just an investment. Informational as well as economical barriers exist. Many people steer clear of Bitcoin due to a lack of knowledge about both its underlying principles and possible financial rewards.

Furthermore, it would be a great exaggeration to claim that nobody with financial difficulties ever invests in Bitcoin. Despite their current situation, some people invest in the hope of future advantages. Understanding Bitcoin is important, but adopting its ethos is also important. Remember this for the naysayers, doubters, and cynics: Bitcoin's essence isnt limited to your understanding. It thrives despite personal concerns.