Replying to Avatar Malos10

nostr:nprofile1qqsf26e7qd93hqdqfql476dfqu08adwp7s6zgcpg554v6zqffqhq6rgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8thwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kz7qg4waehxw309aex2mrp0yhxummnw3ezucn89uuq0p6e hired me to make a video interviewing several people in my city to understand the general sentiment about Bitcoin in my city (in Venezuela).

https://v.nostr.build/DO8CyJt3L6aJwHi6.mp4

All of these interviews are raw from the street, so draw your own conclusions!

#photography #photostr #art #artstr #plebs #plebchain

I just paid what I owed you.

This is a wonderfull research and video that you made.

We can see that people basically want US dollars. Mainly because it is much less volatile than bitcoin or the Bolivar.

This tells me that bitcoin cannot be a medium of exchange as long as it is very volatile. Bitcoin won't be volatile anymore when we reach 5-10Million / coin and I think it is inevitable that people will prefer it to USD at that point.

This tells me that we still need to focus on the store of value side of things before it can be adopted by the masses.

Did you tell the woman that had it in 2018 that Bitcoin basically 25X it's value since then ?

Also the shitcoins scams are a huge fog for people.

Other takeaway is Binance has built a huge network effect. People probably don't understand that they could lose their money if binance goes under. Also they are very vulnerable shitcoin scams on binance. Too bad.

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Discussion

I've been using Bitcoin as medium of exchange for 13 years and I can literally pay everywhere with it. The real problem is that people do not understand money in general. If they did they'd be already using Bitcoin in their daily lives.

I think your comments prove each others points.

If people understood it. It’d worth millions.

Us few who do understand, use it.

I too use it as MOE but the masses probably won't do that before we reach 10M

Yes most people stick to usdt because it is stable and can mantaing its value until they can spend it, most people arent saving money for the future