Quote from: lovesmayfamilis on Today at 03:03:55 PM

Quote from: Ruttoshi on Today at 01:05:39 PM

Bitcoin precisely can be introduced to the illetrates ones by teaching them the basic knowledge of bitcoin. Teaching them how to invest in bitcoin will be a good help to them, since inflation is eaten up the value of our currency. The illetrates do have savings, some illetrates are rich and well to do, especially the ones in business.

Wow! In your opinion, are illiterate people capable of running a business? Perhaps yes, by farming or something similar. But I haven't met such people. In my opinion, people capable of organizing their businesses are talented and have skills that appear after education. But I won’t argue; perhaps you’ve met such people.
But how can these people, without literacy, understand where and how to enter at least the seed phrase from the wallet?
If a person is illiterate, Bitcoin will not improve his life until he matures. Usually, such people have a low level of mental development, so Bitcoin is useless for them.

Yes, I am also surprised by their logic. Most illiterate people have low economic capacity so they do not have sufficient ability to invest. Then how will they use a computer when they can't read, illiterate people usually have low intelligence and it is very difficult to teach about computers if they can't distinguish letters. Ah. they're just people who are afraid of having different opinions, maybe

Quote from: Yatsan on Today at 03:25:11 PM

Quote from: PytagoraZ on Today at 01:47:54 PM

Quote from: G-aluminum on Today at 12:57:12 PM

What are the benefits of cryptocurrency to the illiterate people?

There's no benefit. It is better for illiterate people to be taught to read first. In my opinion, it is unreasonable for anyone to think that Bitcoin can be an investment for those who are illiterate. Meanwhile, even normal people have a big risk, especially illiterate people will have difficulty finding technical and fundamental analysis about Bitcoin. Their risk would be greater than someone who can read and I don't think it's a good option for them. I know bitcoin is a good technology but not all good things are accepted in all circles

But not all literate people are into investments right? What's missing to them? Definitely will and it does not require literacy in the first place. They COULD benefit from this industry and as you said they just need to learn things first. But there are ways and that is if there's someone to guide them with things. Risk is understandable by all people by the concept of 'gambling'wherein everyone is aware of. Athough things are different between investment and gambling, the thought is simply how risk is manageable.

Of course, and would an illiterate person prefer to invest? If so, the number must be very, very small. What? they don't need literacy skills? how can they have a wallet, secure a wallet, trade on an exchange, if they can't read and write? with the help of others? Of course it is possible, but what are the risks? For normal people, the risk is very big, especially for illiterate people, they are not able to analyze Bitcoin. Throwing them into a high risk investment means you are adding more than 10x the risk to them, that's a bad choice for them guys. I know bitcoin is good but not always a good thing is accepted in all circles