It really blows my mind that we are nearly in 2025 and there are still people fairly clueless about Bitcoin and crypto. How is this possible? I've personally been aware of bitcoin since it was released. I was insanely young and did nothing about it, but I knew about it and thought it sounded pretty cool. It felt futuristic to me and still does. People want to jump all over the next gadget, phone, car, game console etc. But Bitcoin is still a freaking mystery to people? How?
I still hear the same crap about it. Isn't bitcoin 'done'? Or Bitcoin is confusing. Admittedly I am no expert myself about Bitcoin but I know a decent bit. Also, I don't even know how our modern money system works, and I doubt many people who question Bitcoin or crypto do either. The contradictions here just baffle me.
Bitcoin has been around pretty much half of my living life, and I mean it's still here as we speak, and it's going nowhere. People that STILL think Bitcoin is going to 'go away' or 'fade away' just make no sense to me. I swear some people are STILL going to wonder why bitcoin is around thirty years from now.
Of course I will be dead in a thousand years, but I still find it to be a humorous thought that, if somehow bitcoin did go away in a thousand years or whatever, there could still be people saying 'I told you so' about bitcoin LOL.
I don't think people are stupid or whatever that they think Bitcoin may just 'go away' I just think it's sort of lazy and annoying. What is it going to take for people to actually give crypto a shot? I mean the economy in many way is unfair and the economy in general is pretty terrible.
I'm DEFINITELY NOT saying crypto is some magic remedy to solve money and make life fair and we all can live in a magical wonderland of peace and happiness.
What I AM saying though is, unless you are already well off, why would someone NOT give crypto a chance? If you're a broke joe schmo like me, how could crypto POSSIBLY make one less broke. If you're already broke I mean how could investing a little possibly hurt.
I get it I guess. I am as skeptical as they come in this world. But I mean, why not just mess around and see what's up with crypto.
Rant over I guess. There will surely be more on this topic in the future.
Wanted to post this in my Actifit report but posting it here instead. Fall is the greatest season. Will always want to live somewhere that the leaves change!
I think most people get scared away from crypto because they are told, rightly, that if they don't understand the notion of keys that they can lose everything and there is nothing that anyone can do to get it back for them. People generally have gotten lazy to the point where they complained when ATM Pin codes went from 4 to 6 digits. Tell these people that they have to put a 72 digit or whatever it is key somewhere and NEVER lose it is a pretty scary notion to them. When you tell them that there is no tech support and if you lose it, it is just gone, they don't want to have anything to do with it.
Although I have never used any of the major exchanges such as Coinbase and what not, that might be the only way they would ever get involved. It's my understanding that these things have brought in a ton of new and naive users and I guess that is a good thing. There's a lot of "where lambo?" people out there as a consequence though.
Well dang you absolutely make some awesome points! Can't find a single thing you said that I disagree with. It's a shame I guess. Perhaps this is all just a much slower process than I imagined it would be. I absolutely have used Coinbase and still do so often LOL. I know I should use cold storage. I do have a hardware ledger wallet that I have not used in a bit as well. I guess I just use Coinbase because I sort of lie to myself and say I'll use cold storage one of these days. It is comforting to know that if I so choose I could move the funds over to cold storage. I don't know LOL. I suppose yes the point is pretty valid that the funds would be hard/impossible to recover if keys were lost. I guess this is simply the risk in a tech that is pretty new and one of a kind. Hmmm. You bring up good points.
Yeah the Lambo people are a bit annoying. I am on the spectrum there more or less. I would categorize myself as a 'let's have a decent, much less stressful life, maybe own an adequate property' crypto person lol.
Thanks for your well thought out comment! Definitely thought provoking.
cold storage would be the way to go for ultimate security but I also have never done that. I don't really have enough of it to be super paranoid about it. I have unfortunately gotten involved with exchanges that were attached to a phone OTP system and the phone died and then I had no way of getting back in there. I have since become a lot smarter about all of that though. Live and learn!
Dang, sorry to hear that. Yeah, I definitely get what you mean by live and learn, trial and error. I'm the king of screwing up sometimes, but gotta take some risks sometimes!