#1 reason people don’t buy bitcoin is that they don’t know enough about it.

It’s not environmental concerns. It’s not the criminal narrative. It’s not any of the nonsense you hear about on bitcoin Twitter.

So… we just have to educate people.


If we had more opportunities to use Bitcoin, especially in daily commerce, this education would come a lot more naturally


what if people don't want educated? what if you tell them, and they would rather get 5% "guaranteed" even though inflation is at 8-12% and the only guarantee is that they will LOSE money?

What if they still don't want to buy?


Agree. It would be awesome if some company made a concentrated effort to get Bitcoin acceptance to all merchants. Just as PayPay did in Japan.


Not everyone will be motivated by investment potential. Some just see utility or inflation hedge. What they need to care about and be educated on depends on where they live and their financial situation.


My whole extended family got #bitcoin books for Christmas. The nephews and nieces got Bitcoin Trading Cards. https://i.nostr.build/Om9P.jpg


THIS
nostr:note1axqyv0mxgkes9sr5m04cmkznldh9uj595tctl309s0cwgrhw9y9s6jlf7g


Dude. Talked to a buddy. He had $25k of altcoins on Coinbase. He thinks it’s safer because he’s getting a yield so he doesn’t worry much about the price. DUMB.


Some people have to learn the hard way


I tend to agree. Frequently, when people hear about the price of Bitcoin, they tell me, "who has $X00000000 to spend on this thing?", not realizing that it's divisible, so you can buy 1/2, 1/3, 1/4,1/5 etc. of it.


Ya there are some of those people too, but not as many as one might think.


Education sure, but also providing services to easily purchase some Sats in an ethical fashion.
Azteco, bull Bitcoin, robotSats, etc.


Yes all of the above, learn, buy, spend.


they also need to believe that what seems an obvious advantage for you is a desirable feature for them.

I showed someone a chart which illustrated that adjusted by money supply the us stock market continuously went down since 1929.

that's too abstract to have any practical meaning to him.


And they can't know enough about it without understating current system in most cases otherwise it just doesn't make sense.


Completely right!


You can educate all you want.

There is no low friction & easy buy experience.


Cash app pretty easy


Even when I introduce people to Cash App there’s friction. Sometimes it takes a couple of days for them to get verified. Then they delay their first purchase indefinitely. I tell them they can DCA directly from their paycheck with no fees. Still too hard for them to deal with. I check in weeks, months, or even years later and they haven’t gotten off zero yet.


Then they are not motivated enough


Cash app:

1) available to 350-700 million out if 8 billion people
2) requires gov ID - billions dont have this
3) requires modern device - billions dont have this
4) requires fiat rails - billions dont have this
5) requires fiat bank account - billions dont have this
6) requires email + pw - extra friction

It may be easy for nostr:npub1r0rs5q2gk0e3dk3nlc7gnu378ec6cnlenqp8a3cjhyzu6f8k5sgs4sq9ac

Not for most of world.


Correct. Even after I give them the full explanation of scarcity, halving schedule, show them the CAGR. It doesn’t click.


Nostr + lightning can help with all of this.


You’re trying to sell them instead of them selling themselves.


The bitcoin experience is exhausting mentally for new users. We just need a different user experience. It feels like you’re getting them to jump over hoops


I don’t think it’s just the user experience. It’s understanding it in the first place.


Sadly most will never put in the effort to learn unless its a necessity to do so or they are forced to adapt of be left behind. I gave up on orange pilling people. If they have no interest to learn or already have formed opinions they will just be an ass and never budge while you both just repeat shit at each other. Even people it should be easy for them to pick up are just as stubborn and say the same shit as normies.


Not really. I’m just trying to plant seeds. I never tell people to buy it. I just show them my reasons. It hasn’t always failed. I have two text threads with a bunch of my former coworkers. One with everyone, and another just for the HODLers and stackers.


You have to teach the “why” before the “how.”


Why is it sad? If they are being ass about it then don’t bother with them 🤷♂


"When dealing with people, remember you are not dealing with creatures of logic, but with creatures of emotion." - Dale Carnegie


people buy stuff they don’t understand all the time if it’s easy enough to do it.


Yeah and if they refuse to care that’s fine - more for people who actually need it for utility.


This is money. People don’t randomly buy money.


Its sad cause thats 90% of the population. The worst part is people who should understand bitcoin and no the issues that it solves say the same things as the uneducated media is spouting. Admit everything is failing but then say bitcoin doesnt work and just are okay with losing everything without trying to find a solution.


90%? Where do you get that? Plenty of people understand bitcoin outside the investment use case who don’t live in the states


If nostr works then it’s easier to demonstrate utility.


Heres a thought. Just cause I know something doesn't mean I am going to use it. I know certain food is healthier but I will still make bad choices. Just cause they have an understanding doesn't mean they accept its use case. Look at the countries that are using it as money and they were FORCED to find a solution and adopt it. If you were to ask these 3rd world countries how bitcoin works and whats it does they could only answer what the people/goverment told them. Just want you to look at it objectively and not from rose colored glasses. Look to how some of the people of el salvadore felt being forced to adopt bitcoin.


I’m not taking with rose colored glasses on. This is actual data from actual surveys by cash app.

I don’t see what it has anything to do with forced adoption.


So what about people that are unbanked? What about the people with no phone or internet?, no electricity? Also cash apps revenue is 76% bitcoin so of course they will have positive data on bitcoin. The people using it as money are not the people that are educated about bitcoins use cases at first. They are forced to find solutions and use them, they dont care what the solution is.


I don’t know what you’re arguing about and at this point I don’t care.


Education does not equate adoption. Sorry that nostr is a bitcoin dev echo chamber. Also "I dont care" is a very professional way to end a debate... Shows you will shut down and write off people just cause you are unwilling to understand where they are coming from so you "dont care now".


People in Turkey easily buy gold all the time.

People in Argentina readily buy USD all the time.


Did I make any definitive statements about it equating to adoption and that this is the only way adoption will take place? No. I don’t mind rational conversation but when people start saying a bunch of things that don’t make sense why should I waste my time on them? Do you like to argue with strangers on the internet? Go right ahead.


So they don’t understand gold or USD?


True that education /= adoption. I know someone who still asks me about shitcoins after I've told them to DYOR two fucking years ago. Something about a horse and water


It bringing up other peoples point of views and perspectives on the matter. You stated "#1 reason people don’t buy bitcoin is that they don’t know enough about it.", which is one facet to this multi faceted problem. The whole point of nostr is for open discussion.... If you are saying you will chose whose opinions or ideas you will entertain then you shut off any valid criticisms. I noticed the INSTANT you counter someones statement here they get defensive if it doesn't fit into there posts narrative.


Multiple touch points for those who don’t need it as much.


This just cause you educate them doesnt mean they are going to BUY into bitcoin. Same as the internet, there ARE still people who refuse to use the internet cause of other environmental or moral factors.


Yep. The seeds are there nonetheless. Their feet need to be held to the fire for them to adopt a freedom-oriented mindset, that can only take time


Some people require a good burn to get it together. Speaking from experience 😅


Bitcoin will prevail. I think more focus should be directed to smoothening the curve though.