Quote from: philipma1957 on September 16, 2023, 09:13:53 PM

Quote from: urbanmerchant on July 17, 2023, 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.

However, the average guy on the street that I speak to, and even many people on crypto forums still don't understand Bitcoin's potential as a virtual commodity, or it's potential to create an alternative to Fiat economies. Maybe the problem is deeper than just a lack of understanding about the technology? Maybe it's a lack of understanding about economics as a whole? How many people are economists?

I understand that my frustration might be due to the fact that I am coming from a very privileged position. What are your thoughts on this?

Maybe 🤔 you need to look 👀 at the bell curve for iq.

½ the people in the world are below average iq

and ½ are above average iq.

so if you need a minimum of average iq to understand it 4,000,000,000 won’t understand it.

I would argue only 10% maybe 20% of the world understands bitcoin. Not 50%

That means you need to be above average iq to understand it.

So maybe only 1 or 1.5 billion are smart enough to understand it.

Now the next issue is you have to be in a part of the world that gives you some kind of a shot at financial success and non violent peacefulness is also helpful.

I can tell you lots of countries will not be supporting of most of its people.

So maybe 250 to 500 million have the brains and the circumstances to buy into btc.

I think 200 million are using btc as I type. So maybe 🤔 we are close to what you should be in terms of adaptation.

Really strange that you say that.

How many people understand TCP/IP, IPv4, IPv6, BGP? Very few.

How many people use the internet? 5 out of 8 billion so far.

Linux was also a niche OS back in the 90s, until Android came out and made it mainstream.

Many people use Android and they don't even realize they're using Linux.

Guess what? Maybe Bitcoin needs to have its own "Android moment", which means billions of people will potentially use it in the future, even if they won't realize they're actually using Bitcoin. Crazy, right? As crazy as Android would sound in the 90s (an era where Windows prevailed). Wink

What will be Bitcoin's "Android moment" and when it will happen exactly is a guess as good as mine.