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Author Topic: Barriers around Cryptocurrency  (Read 2805 times)

Offline Nimix

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Barriers around Cryptocurrency
« on: April 15, 2021, 05:52:02 AM »
The world is 90% digital, and we especially of this generation quite intellectual, ain't finding it easy nor difficult to follow making it quite easy for us to work around conveniently in the world of Cryptocurrency.

But I wonder about does who ain't educated or digitalized or computerized.

Can they cope in this great world of Cryptocurrency?

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Barriers around Cryptocurrency
« on: April 15, 2021, 05:52:02 AM »

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Offline Senin

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Re: Barriers around Cryptocurrency
« Reply #1 on: April 15, 2021, 06:51:21 AM »
You shouldn't worry about this. Cryptocurrency will enter our world for more than one generation. Now only a few percent of the world's population have cryptocurrency wallets and are engaged in cryptocurrency. It is generally accepted that the generation of people changes every twenty years. In addition, we cannot be absolutely sure of the survivability of the cryptocurrency, and therefore no one knows what will happen to it in a few more decades.
The world is becoming digital, but you should not get too carried away with this, since high technologies are very vulnerable, especially in our unstable time with constant wars or threats of their occurrence. Therefore, digital currency must exist in parallel with other types of currencies.

Offline Dora Walletinvestor

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Re: Barriers around Cryptocurrency
« Reply #2 on: April 15, 2021, 07:19:56 AM »
There are still many parts of the world, even some parts of developing countries, which are not connected to the internet and/or don't have the opportunity for using digital devices every day. But on the long run I don't think this would be a barrier as the situation is quickly changing.
I would be more concerned that people will simply not trust cryptos. Partly because many people don't know much about fiat money and cryptocurrencies.
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Re: Barriers around Cryptocurrency
« Reply #3 on: April 15, 2021, 07:45:38 AM »
Lack of education is indeed a major barrier in full adoption of cryptocurrencies, some continent has some proportion of illiterate population who might never get to know or understand how to transact with cryptocurrencies. However I believed the most affected is the aged most youths and children are getting educated hence In the nearest future mass adoption of cryptocurrencies will increase.

Offline gurunanakji777

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Re: Barriers around Cryptocurrency
« Reply #4 on: April 15, 2021, 08:54:54 AM »
It's not tough for an educated person to follow cryptocurrency or digitalization but the worldwide big number of the population is still illiterate and does not have internet access and lacks knowledge of the internet. The world is adopting digitalization very fast but I am not sure how many percentages of people around the world adopt cryptos because they are afraid to adopt cryptos due to their volatile nature and legalization issue.

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Re: Barriers around Cryptocurrency
« Reply #5 on: April 15, 2021, 09:23:06 AM »
Although the digital world and cryptocurrencies are interconnected, let's not assume that people will support cryptos even if they become tech savvy. You have to take note that there are many groups (powerful ones) that are against it and will do all they can to spread FUD and misinformation.

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Re: Barriers around Cryptocurrency
« Reply #6 on: April 15, 2021, 11:37:13 AM »
We think so easy to adopt cryptocurrency all over the world in instant point of view. But the fact is not like that as easy as we think. We know there are countries strictly prohibited cryptos which means they are still living the old cultures in daily transactions and payments. There are countries that cannot leave their tradition even they know the advantage of crypto. They choose to remain for whatever reasons they have. The adoption of cryptocurrency globally will take time because there are major adjustment need to change.

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Re: Barriers around Cryptocurrency
« Reply #6 on: April 15, 2021, 11:37:13 AM »


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Re: Barriers around Cryptocurrency
« Reply #7 on: April 15, 2021, 11:42:29 AM »


We have to admit it that in anything that is new, there will always be a segment of the population that can never be able to cope with the necessary changes. For example, here in my country even with the pervasiveness of mobile communication technologies there are still people who have not acquired their own mobile phones and that could be their choice. I think it can be the same with cryptocurrency and that is why it can take decades for us to completely wipe out the fiat or paper money since there will always be some people who prefer the traditional way of doing things and we have to respect them for their choice. However, these people are not hindrance for the coming massive adoption of cryptocurrency or digital money.

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Re: Barriers around Cryptocurrency
« Reply #8 on: April 15, 2021, 01:48:39 PM »
Do not need to bother about it. It still needs decades to make crypto fully available all around the worlds. Because crypto need much digitalized infrastructure which is not possible to provide by most of the country in the world. So it will take many more years to use crypto everywhere.
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Re: Barriers around Cryptocurrency
« Reply #9 on: April 15, 2021, 02:35:36 PM »
Cryptocurrency hasn't fully enter overlapped with the world and the current banking system so for those people its not important to know too much about this technology but i think we are heading them by miles because we already know what crypto means in the world and what it will means in the future.

Offline Ghozrd

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Re: Barriers around Cryptocurrency
« Reply #10 on: April 16, 2021, 01:00:37 AM »
Many countries prohibit crypto because they are considered not having a license to be used as payment and there are also some countries that prohibit the existence of crypto because no one regulates the system, crypto can be used anywhere if there is legality that supports the system, anyone can use it. crypto because crypto is almost similar to the currency we store on a debit card that we can use anywhere if we want, but due to some rules, we can only store crypto as an asset and cannot be used to make payments.
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Offline Niloy

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Re: Barriers around Cryptocurrency
« Reply #11 on: April 16, 2021, 04:18:56 AM »
There are many countries in the world where there is still no internet connection.  And the illiterate people in those countries have no knowledge of the Internet.  It is impossible for them to do so in cryptocurrency.  Again, in many countries, young people do not have a good idea about cryptocurrency because of the legal system.  They are not very interested in this.  It is not easy for them to work in cryptocurrency.  But over time, the future will come when all people will be able to acquire all the knowledge about the Internet.  Then they will increase their knowledge about cryptocurrency.

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Re: Barriers around Cryptocurrency
« Reply #12 on: April 16, 2021, 06:03:15 AM »
Whether we like it or not lack of education and computer/technological illiteracy will definitely limit one performance in cryptocurrency, especially when it involves forum like this,though there are spaces provided writing your poor grammar and in translation but you can't have it at the best. Technological illiteracy, how will you have access to device. That is inevitable. Some nations even have problems of power supply, which is also a limitation.

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Re: Barriers around Cryptocurrency
« Reply #13 on: April 16, 2021, 06:15:52 AM »
Although Cryptocurrencies are digitalized and technologically sophisticated but majority percent of people either educated in technology or not are against of cryptocurrency. They are spreading FUD against cryptocurrency. Very few people you will find that supports cryptocurrency specially from powerful/influencer persons. We have to cope with it. Please don't be upset. You can compare the situation with past few years. We are now feeling better than past.

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Re: Barriers around Cryptocurrency
« Reply #14 on: April 16, 2021, 11:46:17 PM »
Well, uneducated parents should have educated and civilized children to help them when it comes to tech related matter, I have a step mom who's not educated but her children is, they assist her in operation of mobile phone and other technology that she can't operate her self, we are gradually moving into a new world where almost every thing is likely to get digitalized, and the old generation of uneducated people are already passing away, soon everyone living will be the ones who know what technology is all about and how to use it.
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