Nobody here even speaks English. 😂
Discussion
Okaaaay im not saying in each corner of the world. There is villages in every country. If I didn’t learn english I probably wouldn’t hear of Rogan and many things. English is crazy cheat code. Now in 2024 you have opportunities to get Bitcoin under 50k often and everyone heard of it. No excuses for villages and normies
Everyone has heard of it, now, yes. It's on television and in newspapers.
What I find strange is that many people still don’t want to study Bitcoin even though it’s now in the trillion dollar club.
Maybe they think it’s too late. Or may be their ‘social circle’ is not interested so they have no peer pressure to take a look.
I got the nerve up to buy and was reading up about it, but it was too expensive. I complained about that online, to someone, and he told me that you can buy parts of one.
I'd been following and reading about it for years, without knowing that. I guess everyone assumed only rich people would buy it. Which was mostly true. Everyone was buying quantities of Bitcoin.
People are completely incredulous, when I tell them that they can buy parts of a Bitcoin. That's still uncommon knowledge.
Same! I thought they were some kind of rare Internet collectible for rich people
Yeah, I still don't see the ability to purchase small amounts being mentioned widely. Everyone just talks about the price of an entire Bitcoin, even on here.
"One Bitcoin will now cost you over €50k and the number is only going to go up from there!" sounds like a reason to buy some... if you're already rich. Like hearing that houses in Malibu and Ferraris rose in price.
Like, why should I care? 😂
yes, I wrote it off as a Giffen good.
even buying it initially on an exchange was still not enough to understand what Satoshis were.
when i finally tried cold storage (actually it took a few months more because I first got a Ledger, and their software doesn't make it clear that there are separate UTXOs so i ended up with Blockstream Jade ) and understood what Satoshis were, someone on here said:
"Satoshis don't exist, they just measure UTXOs"
So that further accelerated the fall into the rabbit hole
I'm sorry I like to take out all my aggression on Ledger. but why did they leave me in the dark for so long about UTXOs? I'm sure I clicked around in their software enough to have discovered where they showed individual UTXOs, but thankfully I was adventurous to try another product (Jade) and that clearly showed different "coins" and the cost to combine them.
I'm having the same issue now with BitKey. I don't know what it does with individual small UTXOs on the wallet. Does it just automatically consolidate them for me when I send transactions? will i be left with unspendable chunks in the future?
I don't completely get the UTXO thing, to be honest. I just got an inkling of it, when researching paper wallets. You end up needing lots of paper wallets because you can't spend a part of one.
I somewhere picked up the 100k sats withdrawal rule, so I've been sticking to that. Don't know if it's a good rule.
It's a hurdle. I have some Bitkeys ready to give to some friends from Mexico who totally understand the money problem because they still remember when Mexico switched from the old peso to the new peso and overnight their grandmother's savings in pesos stuffed in the walls became worthless.
So they are primed for Bitcoin, but now I have to explain why to only transfer large amounts to Bitkey and worry if Bitkey won't combine the utxos if they send too small quantities.
We are extrapolating past learning challenges into the future. What was hard to understand in the past will become easier.
Just as the average Joe is now forced to understand inflation, he may also be forced to understand possible exit routes.
There was a time you could live normally without the internet; now we live in a time where it’s hard to get both young and people off their digital gadgets ( said the dude typing on his phone ).
Things change, hopefully for the better.
Well said, good reminder. We have the answers, and it takes some individual work to get there. I'm fortunate to have this fun challenge to tackle.
Yes. People with little time and little disposable income are unlikely to get early-bird seats at the bitcoin circus/carnival.
C’est la vie.
This time around they not interested. If they not interested in 2025 Im gonna be scared for normies