4 ms·

That's because you have the privilege to not care. There are people who spend their days scraping parks for bottles and cans to make $0.05 at a time.

by beaned 4y ago

smoldesu 4y ago
Apparently even people without privledge don't really care either, though. Given the option to use cryptocurrency for lower-priced goods, the majority of their country is sticking with traditional payment methods, probably for convenience/familiarity purposes.
- beaned 4y ago
  Why do you say "probably," do you know? I would guess that it has more to do with technological literacy. People put effort into saving small amounts all the time, like cutting coupons or going to the cheaper store further down the road. But these things are understandable; using a crypto wallet in a place where most people don't have a history of smartphone use isn't really the same thing.
  - smoldesu 4y ago
    > I would guess that it has more to do with technological literacy. Which is why I added the "familiarity" qualifier. Pretty much anyone can barter with cash, and I've watched 7-year-olds buy ice cream with a Visa card. Initiating a Bitcoin transaction though? That requires some setup, even moreso if you have a 'proper' self-custody wallet that you manage yourself. > using a crypto wallet in a place where most people don't have a history of smartphone use isn't really the same thing. I agree, I'm afraid you may have misread my sentiment. It's not that there's no motivation to use Bitcoin, the government subsidies are a pretty clear and obvious shot at luring less-fortunate citizens into the world of crypto. My larger point is that the low adoption among their population makes perfect sense to me. Even in a country with maximum digital literacy, I doubt most people would feel motivated to use crypto either.
    - beaned 4y ago
      > Even in a country with maximum digital literacy, I doubt most people would feel motivated to use crypto either. Not sure we understand each other with this part. I'm arguing that it's about literacy, you're saying people just aren't interested. I think we just disagree.

That's because you have the privilege to not care. There are people who spend their days scraping parks for bottles and cans to make $0.05 at a time.

by beaned 4y ago

That's because you have the privilege to not care. There are people who spend their days scraping parks for bottles and cans to make $0.05 at a time.

smoldesu 4y ago

Apparently even people without privledge don't really care either, though. Given the option to use cryptocurrency for lower-priced goods, the majority of their country is sticking with traditional payment methods, probably for convenience/familiarity purposes.

beaned 4y ago
Why do you say "probably," do you know? I would guess that it has more to do with technological literacy. People put effort into saving small amounts all the time, like cutting coupons or going to the cheaper store further down the road. But these things are understandable; using a crypto wallet in a place where most people don't have a history of smartphone use isn't really the same thing.
- smoldesu 4y ago
  > I would guess that it has more to do with technological literacy. Which is why I added the "familiarity" qualifier. Pretty much anyone can barter with cash, and I've watched 7-year-olds buy ice cream with a Visa card. Initiating a Bitcoin transaction though? That requires some setup, even moreso if you have a 'proper' self-custody wallet that you manage yourself. > using a crypto wallet in a place where most people don't have a history of smartphone use isn't really the same thing. I agree, I'm afraid you may have misread my sentiment. It's not that there's no motivation to use Bitcoin, the government subsidies are a pretty clear and obvious shot at luring less-fortunate citizens into the world of crypto. My larger point is that the low adoption among their population makes perfect sense to me. Even in a country with maximum digital literacy, I doubt most people would feel motivated to use crypto either.
  - beaned 4y ago
    > Even in a country with maximum digital literacy, I doubt most people would feel motivated to use crypto either. Not sure we understand each other with this part. I'm arguing that it's about literacy, you're saying people just aren't interested. I think we just disagree.